Wednesday, 15 June 2016

US MARKET NEWS 16 June 2016

Wall Street fell for a fifth straight session on Wednesday after the Federal Reserve left interest rates unchanged and investors stewed over an impending vote in Britain on whether to leave the European Union.
Major US stock indexes spent most of the day with gains but abruptly fell late in the session, bringing the S&P 500's loss in the past week to 2.2 percent, in large part because of fears that a fractured EU could critically damage an already feeble global economy.

It was the S&P 500's longest losing streak since the five-day decline that culminated in its 2016 low on Feb. 11.

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