NEW YORK, May 23 (Xinhua) -- U.S. stocks opened mixed on Monday, as Wall Street digested comments from U.S. Federal Reserve officials for clues on the timing of the next rate hike.
San Francisco Fed President John Williams said on Monday that two-to-three rate hikes this year were reasonable and that inflation was on track to meet the Fed's goal of 2 percent in the next year or two, according to media reports.
St. Louis Federal Reserve President James Bullard, a voting member of the Federal Open Market Committee, echoed that a relatively tight labor market in the United States may put upward pressure on inflation, supporting the case for higher interest rates.
Investors tried to shake off worries that the possibility of a June rate hike becomes higher after the release of the Federal Reserve's hawkish minutes from its April meeting, but the latest speech from Fed officials indicated a hike sooner rather than later.
Shortly after the opening bell, the Dow Jones Industrial Average was down 11.61 points, or 0.07 percent, to 17,489.33. The S&P 500 shed 1.12 points, or 0.05 percent, to 2,051.20. The Nasdaq Composite Index gained 10.39 points, or 0.22 percent, to 4,779.95.
U.S. stocks ended higher Friday as worries about a summer rate hike appeared to recede after recent stock declines.
NAIROBI Cheap Basketball Jerseys China , June 6 -- Kenya is set to host the third edition of China Week Kenya from June 29 to July 1, organizers said on Tuesday.
MIE Events International Events Director Michelle Meyrick told a media briefing in Nairobi that the three-day event will be a business to business trade show featuring Chinese manufacturing companies looking to connect with local and regional firms in Africa.
"It will be an opportunity for the local community to develop direct trading links with high-end Chinese product manufacturers," Meyrick said.
She noted that the event will provide a trade environment that will be conducive to creating stronger ties between Chinese companies and the local business community looking to source for products and services from China.
According to the organizers, there will be 450 exhibitors from a range of industries including building construction Cheap Basketball Jerseys , lighting, consumer electronics, auto parts, furniture Cheap NBA Jerseys Wholesale , textiles, stationary and jewelry.
In 2016, the event brought together 400 exhibitors and over 16,500 visitors. Similar events will also be held in Ghana Cheap Authentic NBA Jerseys , South Africa, and Ethiopia.
Meyrick said that the exhibition is the only comprehensive China-focused trade event to be hosted in East Africa.
MIE Events Managing Director David Wang said that Kenya is the most developed economy in Eastern Africa and also the economic, commercial and logistic hub of the entire region.
"Sino-Kenya cooperation in various fields has gained momentum over the years, and it is the very reason why we are holding the China Trade Week in Nairobi for the third time Cheap NBA Jerseys From China ," Wang said.
He noted that the exhibition will provide an opportunity for Kenyan entrepreneurs to grow strong business partnerships