Wall Street’s Main Indexes Fell On Friday Following A Report

Wall Street’s main indexes fell on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month.

Trends on SGX Nifty indicate a negative opening for the broader indices in India, a fall of 36 points or 0.31 percent. Nifty futures were trading around 11,393.50-level on the Singaporean Exchange.

Asia stocks eased on Monday as investors reduced expectations of an aggressive interest rate cut by the Federal Reserve, while heightened Middle East tensions following an Iranian seizure of a British tanker lifted crude oil prices.

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