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×US stocks slip after Federal Reserve minutes
US stocks closed in the negative territory, on May 22, as bond yields went higher following the Federal Reserve (Fed) minutes. The Fed decision mirrored the policy makers’ woes over continued inflation pressures, while drying up hopes for policy rate cuts this year.
Dow Jones Industrial Average dipped by 0.5%, or 201 points, to 39,671 points, a six-session low.
S&P 500 benchmark inched down 0.25%, or 14 points, to 5,307 points, while Nasdaq fell 0.2%, or 31 points, to 16,801 points.
As for the European indices, STOXX Europe 600 inched down 0.35%, to 521.1 points, on mining, energy, banks and auto segment losses.
FTSE 100 shed 0.55% to 8,370 points, while DAX 40 fell 0.25% to 18,680 points, CAC 40 dipped 0.6% to 8,092 points.
The Nikkei 225 closed 0.85%, or 329 pts lower at 38,617 points, while TOPIX also dipped 0.8% to 2,737 points.
In the oil market, futures contracts for Brent crude for July delivery fell by 1.2%, or 98 cents, to $81.90 per barrel.
Meanwhile, prices of West Texas Intermediate (WTI) crude oil for June delivery slumped by 1.4%, or $1.09, to $77.57 per barrel.
As for gold, futures prices for the yellow metal for June delivery inched down by 1.35%, or $33, to $2,392.90 per ounce, after touching the $2,385.30 level.
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