The amount backpack on Wednesday was a assurance of added aplomb in the US economy. Unemployment is low, bread-and-er advance is strong, and aggrandizement is almost stable.
Fed policymakers led by Chairman Jerome Powell absolutely agreed to accession the federal funds amount a division allotment point, to a ambit of 2% to 2.25%.
Investors reacted by blame the Dow Jones automated boilerplate bottomward 0.4%. The S&P 500 alone 0.3% and the Nasdaq slipped 0.2%.
Bank stocks were decidedly adamantine hit. Shares in Wells Fargo (WFC), Bank of America (BAC) and Goldman Sachs (GS) afford about 2%.
2. H&M shines online: Swedish appearance banker H&M (HMRZF) appear a big advance in online sales in its third quarter, a acute metric for acceptable retailers that face antagonism from online giants like Amazon (AMZN).
H&M said its sales all-embracing rose 9% in the quarter, while online sales jumped 32%. Shares in the aggregation attempt up 10% in Stockholm.
Profits slid added than expected, however. H&M abhorrent the weakness on problems with a new acumen arrangement in some of its better markets.
3. Facebook spat: WhatsApp co-founder Brian Acton has agonizingly criticized Facebook over its access to privacy.
Acton said in an account with Forbes that he
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