In New York, the Dow Jones Index fell 305 points or 0.77 percent on Friday. Leading the losses are Nike (-6.90%), Visa (-2.45%) and Goldman Sachs (-1.63%). Top gainers were Apple (0.64%), Amazon (0.53%) and Intel (0.39%).
Fed Holds Rates Amidst Inflationary Pressures
The Federal Reserve kept the target range for the federal funds rate unchanged at 5.25%-5.50% during its May meeting for the sixth consecutive time, as ongoing inflationary pressures and a tight labor market indicate a stall in progress toward bringing inflation back...
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