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20:37
Federal Reserve Chairman Waller: Unable to provide any forward guidance on the next moveJinse Finance reported that on June 18, Federal Reserve Chairman Waller stated that forward guidance has been abandoned. No forward guidance can be provided for the next move.
20:29
On Wednesday, June 17, the US stock market Storage Chip & Hardware Supply Chain Index rose by 1.78%, closing at 250.51 points. For more than half of the trading session, it remained stable around 256 points. After the Federal Reserve's Summary of Economic Projections (SEP) was released at 02:00 Eastern Time (GMT+8), the index significantly gave back its gains. Following the start of the press conference by Federal Reserve Chair Walsh, the index briefly surged above 260 points, reaching a new inComponent stocks Western Digital rose by over 4.5%, Applied Materials rose by over 4.3%, Seagate Technology, Micron Technology, and Lam Research all rose by at least 1%, while SanDisk and Rambus fell by more than 1%.
20:26
Magnificent 7 U.S. Stocks Closing Report | On Wednesday (June 17), the Magnificent 7 index fell 2.38% to 210.21 points, plunging after a gap-down open. The decline accelerated significantly after the Federal Reserve announced no rate change and released the Summary of Economic Projections (SEP) at 02:00 Beijing time (GMT+8), and dropped further after Federal Reserve Chairman Jerome Powell began his press conference.The "mega-cap" technology stock index fell by 1.56% to 432.59 points, tumbling significantly after the Federal Reserve's policy statement was released, and surged before retreating following the start of the Waller press conference.
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