U.S.-NEW YORK-STOCK MARKET-FALL

U.S.-NEW YORK-STOCK MARKET-FALL

(221103) -- NEW YORK, Nov. 3, 2022 (Xinhua) -- Traders work on the floor of the New York Stock Exchange (NYSE) in New York, the United States, on Nov. 2, 2022. U.S. stocks fell sharply on Wednesday as Federal Reserve Chairman Jerome Powell's latest remarks pushed back against the idea of a policy pivot in the near future. The Dow Jones Industrial Average dipped 505.44 points, or 1.55 percent, to 32,147.76. The S&P 500 decreased 96.41 points, or 2.50 percent, to 3,759.69. The Nasdaq Composite Index shed 366.05 points, or 3.36 percent, to 10,524.80. (Photo by Michael Nagle/Xinhua)

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                      STORY: U.S. Fed leaves interest rates unchanged amid surging Treasury yields SHOOTING TIME: Nov. 1, 2023 DATELINE: Nov. 2, 2023 LENGTH: 00:01:14 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 2. various of speech by Fed Chairman Jerome Powell STORYLINE: The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25-5.5 percent, as yields on long-term U.S. Treasury bonds have spiked in recent months. "Recent indicators suggest that economic activity expanded at a strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has remained low. Inflation remains elevated," the Federal Open Market Committee (FOMC) said in a statement after concluding a two-day policy meeting. Wednesday's decision comes as the 10-year Treasury yield has risen swiftly, by nearly one percentage point, since Fed officials last raised rates in July, recently hitting 5 percent for the first ti