Technology and financials fall on Thursday. Crude oil recovery boosts energy. FOMC minutes confirms December rate hike. Major equity indexes in the U.S. stayed relatively calm on Thursday following yesterday’s impressive rally and finished the day with small losses after failing to stay in the positive territory in the session. The minutes of the FOMC’s November meeting reaffirmed expectations that the Fed would go for another 25 bps rate hike in December. “Almost all participants expressed the view that another increase in the target range for the federal funds rate was likely to be warranted fairly soon,” the statement read. Regarding further rate hikes, the FOMC noted that a couple of participants voiced their concerns over the potential negative impact of further rate increases on the expansion of economic activity and inflation expectations. Commenting on the FOMC minutes, “The governors in their gentle way seem to be noting a change of circumstances. To say that they see trouble ahead would overstate the case greatly, but the tone of the economic picture has shifted. A few warning signs are appearing, it is best to keep the options open,” FXStreet senior analyst Joseph Trevisani said. Meanwhile, confusing headlines surrounding the U.S. – China trade conflict today forced investors to stay on the sidelines ahead of this weekend’s crucial G20 summit. Boosted by a more-than-2% recovery seen in crude oil prices on Thursday, the S&P 500 rose 0.58% to become the best performing sector out of the 11 major sectors in the S&P 500. On the other hand, the S&P 500 Technology Index dropped 0.95% and the S&P 500 Financials Index lost 0.8%. The Dow Jones Industrial Average dropped 27.59 points, or 0.11%, to 25,338.84, the S&P 500 fell 5.99 points, or 0.22%, to 2,737.8 and the Nasdaq Composite lost 18.51 points, or 0.25%, to 7,273.08. DJIA technical outlook by FXStreet Chief Analyst Valeria Bednarik Despite closing lower, the Dow posted a higher high daily basis and held above its 20 and 200 DMA, somehow leaning the risk toward the upside. Technical indicators in the daily chart, however, have turned flat within neutral levels, indicating that an upward extension ahead is still unclear. In the shorter term, and according to the 4 hours chart, buyers surged on a retracement toward the 100 and 200 SMA, both still converging directionless, as the 20 SMA extended its advance below them. Technical indicators in this last time frame eased just modestly, still holding in oversold readings, suggesting there’s no selling interest around. Support levels: 25,309 – 25,244 – 25,190. Resistance levels: 25,427 – 25,480 – 25,539. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/JPY will be the first to show signs that Xi & Trump summit is turning out to be a failure; S3 is located at 81.32. FX Street 4 years Technology and financials fall on Thursday. Crude oil recovery boosts energy. FOMC minutes confirms December rate hike. Major equity indexes in the U.S. stayed relatively calm on Thursday following yesterday's impressive rally and finished the day with small losses after failing to stay in the positive territory in the session. The minutes of the FOMC's November meeting reaffirmed expectations that the Fed would go for another 25 bps rate hike in December. "Almost all participants expressed the view that another increase in the target range for the federal funds rate was likely to be warranted fairly soon," the statement… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.