Wednesday, May 23, 2018

Wall Street Sees Red

The investors are looking ahead to the release of FOMC minutes this afternoon. The PMI Composite Flash and New Home Sales are the other major economic announcements on Wednesday. The reduced prospects of a face-to-face meeting U.S. President Donald Trump and North Korean President Kim Jong Un seems to be adding pessimism in markets. The meeting was originally scheduled in Singapore on June 12th.

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