NEW YORK, May 23 (Xinhua) -- U.S. stocks ended mildly lower Monday after wavering in a tight range, as Wall Street digested comments from the U.S. Federal Reserve officials for clues on the timing of the next rate hike.
The Dow Jones Industrial Average fell 8.01 points, or 0.05 percent, to 17,492.93. The S&P 500 dipped 4.28 points, or 0.21 percent, to 2,048.04. The Nasdaq Composite Index inched down 3.78 points, or 0.08 percent, to 4,765.78.
Remarks from Fed officials indicated a rate hike sooner rather than later, which weighed on market sentiment.
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.
Analysts believed that the possibility of a June rate hike becomes higher after the release of the Federal Reserve's hawkish minutes from its April meeting.
On the economic front, the seasonally adjusted Markit Flash U.S. Manufacturing Purchasing Managers' Index came in at 50.5 in May, missing market consensus of 51.0.
VXI Test Equipment Market to Surge at a Robust Pace by 2027
The VXI standard was developed by the VXI Consortium. This was formed in 1987 with the aim of defining a multi-manufacturer standard that would enable test solutions to be more compact by having instruments contained on cards. VXI and VXIbus is a prevailing test instrumentation technology based around a rack system which is based on the 19 inch rack based VME bus.
The VXI test equipment finds wide application in automated test systems controlled within a rack, and it also finds application in the testing for production, field repair and maintenance, often found in military and avionics applications. VXI test equipment uses automated test equipment based on VMEbus. VXI testing equipment helps in the process of allotting more time for development, eliminating the difficulty of checking for defects in products for the extended period.
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VXI Test Equipment Market- Competitive Landscape
Kinetic Systems, Inc.
Founded in 1973, Kinetic Systems Will Barton Nuggets Jersey , Inc. is located in the US. The company specializes in designing and installation process, plumbing, HVAC systems, mechanical. It offers solutions for chemical blending, electrochemical deposition, slurry blend and dispenses, surface preparation Tyler Lydon Nuggets Jersey , and custom products. The company also offers fabrication, engineering, and equipment design and testing services.
ASCOR, Inc.
Established in 1987, ASCOR, Inc. is located in the US. The company designs, develops Trey Lyles Nuggets Jersey , and markets connecting and switching devices for medical, industrial, scientific, and governmental automatic test applications.
Analogic Corporation
Founded in 1967, Analogic Corporation is located in the US. The company operates in three segments including ultrasound, medical imaging, security and detection. The company designs Thomas Welsh Nuggets Jersey , develops and sells security systems, ultrasound systems, medical imaging systems, and other subsystems to OEMs for medical and airport security markets globally.
Agilent Technologies
Established in 1999, Agilent Technologies is located in the US. The company provides software, analytical instruments, consumables and services for entire lab workflow. The company serves clinical and routine diagnostics and analytical laboratories Richard Jefferson Nuggets Jersey , it also provides lab supplies and lab management services. Some of its products include automation, equipment management and services, software maintenance, microarrays, vacuum technologies, etc.
Aeroflex Inc. Established in 1937, Aeroflex Inc. is located in the US. The company manufactures microwave integrated circuits Michael Porter Nuggets Jersey , test equipment, systems and components used for wireless communications. The company p VXI Test Equipment