Israel’s Teva Plunged 5.6%

The indices erased the gains at the end of trading,  the Dow Jones fell 0.4%, the S & P 500 by 0.3% and the Nasdaq by 0.2%, while a competitor’s trial showed better results than Teva’s Copaxone, IBM rose 1.8% UBS recommendation raised: US Fed raises interest rate by 0.25%.

23:00 – Wall Street trading ended lower after the Federal Reserve’s interest rate announcement. The Dow Jones Industrial Average fell 0.4%, the S & P 500 shed 0.3% and the Nasdaq lost 0.2%, while Teva fell 5.6%.

Israel’s Teva (21.965.63%) fell 5.6% on the New York Stock Exchange, after a TG therapeutic trial of a multiple-sclerosis drug showed more positive results than its equivalent drug, Copaxone.

21:45 – Commodity market: Oil fell 1% today and the price of a WTI barrel for delivery in November was set at $ 71.57 a barrel on the New York Mercantile Exchange. Gold fell today to a three-week low. Gold for delivery in December fell 0.5% and the ounce price was set at $ 1,199.10, the lowest price since September 4. However, the price rose after the Fed’s interest rate announcement.

21:05 – The leading indexes are supporting the gains after the Federal Reserve’s interest rate hike. As expected, the US Federal Reserve raised the interest rate between 2% and 2.25%; This is the eighth interest rate hike since 2015, and economists estimate that the Fed will raise interest rates again in December.

The Dow Jones is up 0.3%, the S & P 500 is up 0.4%, and the Nasdaq is up 0.6%, the dollar is down 0.2% against the euro and the major currency pair is trading at $ 1.178 per euro.

20:40 – Oil prices are falling on the back of rising US oil inventories, but keeping the level close to a record high of four years WTI contracts are down 1% to $ 71.6 per barrel, contracts on the Brent weaken by 0.7% To $ 81.3 per barrel.

The US Department of Energy’s (EIA) Information Department reported tonight that crude oil inventories rose by 1.9 million barrels in the week ending Sept. 21, after five weeks of declines in oil inventories. In the past week and predicted a decline of 2.2 million barrels.

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