Stocks on the American market declined on average after the Federal Reserve of the USA upheld its commitments regarding the subsequent tapering of the economic stimulus program. As a result, investors were compelled to reassess their positions in the market.
Today, November 3, 2021, investors were awaiting a long-anticipated meeting of the Federal Reserve of the USA, where decisions were to be made on further steps regarding economic support measures. Despite general expectations, the federal regulator did not change key interest rates and reaffirmed its plans to reduce the pace of asset purchases by $15 billion per month.
All of this led to a decrease in stock indexes, reversing recent successes in the market. Companies in the technology sector showed declines, exerting the most pressure on the overall S&P 500 index. The decline also affected stocks of companies from the healthcare and energy sectors.
