US exchanges fell after comments of the Federal reserve

© RIA Novosti / Gina Operate in fotoreceptorilor pointer on wall street in new York. Archival photoUS exchanges fell after comments of the Federal reserve© RIA Novosti / Gina Operate the image Bank

Major U.S. stock indexes on Friday declined – investors continue to react to the results of the meeting of the Federal reserve system (FRS), according to the auction and comments of experts.

Industrial index Dow Jones has decreased on 0,77%, to 25989,30 points, the index high-tech NASDAQ companies — 1.65% to 7406,90 points, the index of wide market S&P 500 — 0.92%, to 2781,01 points.

The U.S. Federal reserve at the end of the meeting, November 7-8, expected kept its benchmark interest rate at the level of 2-2. 25% per annum. In the press release following the meeting, the regulator is traditionally noted the continuing strengthening of the employment market and the high growth rate of economic activity in the United States. The fed also stated that economic conditions provide an opportunity to continue raising interest rates.

On Friday also it became known that the index of consumer sentiment University of Michigan (Michigan Consumer Sentiment Index), reflecting the degree of confidence of households to the U.S. economy in November, according to preliminary estimates, fell to 98.3 points from the October level 98.6 points. Analysts expected stronger reduction of the rate is up to 98 points.

Investors also respond to weak statistical data from China, fearing a slowdown in the global economy. The growth of producer prices in the country slowed for the fourth consecutive month in October amid cooling domestic demand and manufacturing activity. In addition, the volume of car sales in China also fell in October, 11% in annual terms.

According to portfolio Manager of GW&K Investment Management Aaron Clark (Aaron Clark), to the end of the year the focus of investors will be macroeconomic data. «Predictable, the market’s reaction to midterm elections confirmed it», — he said the Agency MarketWatch.