(Jun-21-2021)FED, Drag the market lower! The Sentiment is in Mixed Direction!

FED, drag the market lower. The U.S benchmark indexes declined about -0.28% to -4.08% on the recent FED meeting deliver a hawkish surprise, signalling earlier tapering and rate hikes. The U.S midcap index Russel-2000 underperformed. The cyclical stocks, those most reliant on economic growth, drag the Dow index about -3.45%. Read more…