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GLOBAL MARKETS-U.S. stocks fall, dollar adds losses after FOMC

Published 2016-01-27, 02:25 p/m
© Reuters. GLOBAL MARKETS-U.S. stocks fall, dollar adds losses after FOMC
XAU/USD
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US10YT=X
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(Updates prices after Fed statement)
NEW YORK, Jan 27 (Reuters) - Wall Street stocks turned lower
on Wednesday and the dollar's losses deepened against a basket
of currencies as the Federal Reserve held policy rates unchanged
with eyes on recent market turmoil in global markets.
Oil futures clung to earlier gains, while U.S. Treasury debt
prices pared earlier losses. Spot gold prices turned positive.
"The committee is closely monitoring global economic and
financial developments and is assessing their implications for
the labor market and inflation," the Fed's policy-setting
committee said in a statement that diminished the chances of a
rate hike at its next meeting in March.
Shortly after the release of the Fed policy statement, the
Dow Jones industrial average .DJI fell 61.34 points, or 0.38
percent, to 16,105.89, the S&P 500 .SPX lost 0.62 points, or
0.03 percent, to 1,903.01 and the Nasdaq Composite .IXIC
dropped 41.83 points, or 0.92 percent, to 4,525.85. .N
The dollar index .DXY , which tracks the greenback versus a
basket of six currencies, fell 0.43 points or 0.43 percent, to
98.93. FRX/
Brent crude LCOc1 was last up 60 cents, or 1.89 percent,
at $32.40 a barrel. U.S. crude CLc1 was 24 cents, or 0.76
percent, higher at $31.69 per barrel. O/R
Benchmark 10-year Treasury notes US10YT=RR were down 6/32
in price with a yield of 2.017 percent, up 2 basis points from
late on Tuesday. US/
Spot gold prices XAU= rose $1.33 or 0.12 percent, to
$1,121.50 an ounce. GOL/

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