Dow closes down 199.90 points, oil rises, Saudi production cuts

The Dow closed down 199.90 points, keeping an eye on the Fed meeting, while WTI oil moved 41 cents, gold rose to $ 1,974.30 / ounce.

Investment atmosphere in the US stock market (June 5), the Dow Jones closed lower. Investors will be watching the Federal Reserve’s monetary policy meeting to assess whether the Fed will hold off on raising interest rates in line with market expectations. by investors predicting that The Fed will keep interest rates at 5.00-5.25% at its June 13-14 meeting.

The Dow closed at 33,562.86 points, down 199.90 points or -0.59%.
Nasdaq closed at 13,229.43, down 11.34 or -0.09%.
The S&P500 closed at 4,273.79, down 8.58 points, or -0.20%.

West Texas Intermediate (WTI) crude futures in New York ended higher. After Saudi Arabia announced a reduction in oil production by 1 million barrels / day. to cope with the stagnation of the macro economy

WTI crude oil contract for delivery in July. They were up 41 cents, or 0.57%, at $72.15 a barrel.
Brent Crude Oil Contract (BRENT) for August Delivery It was up 58 cents, or 0.76%, at $76.71 a barrel.

and gold contracts, COMEX (Commodity Exchange) market, delivered in August increased $ 4.70, or 0.24%, to close at $ 1,974.30 / ounce.

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