News
El-Erian Raises Some Interesting Questions Ahead Of Fed Policy Outcome -- 'Will Chair Powell Repeat The Defiant Tone Of His Dramatic January Video?"
13+ hour, 2+ min ago (538+ words) Mohamed El-Erian, Chief Economic Advisor at Allianz, said on Wednesday highlighted some interesting questions ahead of the release of the Federal Reserve's policy outcome. The economist pointed to some interesting questions, including whether Fed Chair Jerome Powell would repeat his…...
S&P 500, Nasdaq End Week Higher Following Strong SK Hynix Debut " META, SKHVY, CRCL, BA, DAL In Focus
11+ hour, 35+ min ago (541+ words) U. S. stock indices ended higher on Friday following a strong debut from South Korean memory chip maker SK Hynix as investors prepare for the earnings season." The S&P 500 ended 0. 4% higher, while the Nasdaq 100 rose 0. 3% and the Dow Jones Industrial Average…...
Nasdaq, S&P 500 Futures Climb Ahead Of Fed Minutes, Shrugging Off Iran Concerns: FCEL, TE, NVTS, MU Stocks In Focus
3+ day, 7+ hour ago (971+ words) U. S. stock futures were mixed in the overnight session late Tuesday ahead of the release of the minutes from the Federal Open Market Committee's (FOMC) June meeting. Meanwhile, Washington revoked Iran's license to sell oil in response to attacks on three…...
S&P 500, Nasdaq End Higher On Support From Strong Tech Gains Led By Nvidia, Dow Hits Record Highs " MSFT, NVDA, LMT, AVGO, SPCX In Focus
4+ day, 11+ hour ago (470+ words) U. S. stock indices ended higher on Monday, with the Dow Jones index hitting record highs as technology stocks reversed course from previous week's declines. The S&P 500 ended 0. 8% higher, while the Nasdaq 100 added 1. 3% and the Dow Jones Industrial Average rose 0. 3%. The…...
Cathie Wood Says De-Dollarization Fears Are Overblown
5+ day, 7+ hour ago (336+ words) ARK Invest CEO Cathie Wood pushed back on the de-dollarization narrative in the firm's latest "In the Know" on Thursday, arguing that the data do not support the widely held view that central banks are broadly dumping US Treasuries. Wood…...
Will The Fed Hike Interest Rates In Its July Meeting? Here's What The Market Thinks
5+ day, 2+ hour ago (1726+ words) A weaker-than-expected jobs report and Federal Reserve Chair Kevin Warsh's guarded remarks at the European Central Bank Forum in Sintra, Portugal, have reduced the odds of a rate hike at the Federal Open Market Committee (FOMC) in July, according to…...
Dow Closes At Record High As Weak Jobs Data Calm Rate Hike Fears, While Chipmakers Weigh On S&P 500, Nasdaq " WMT, META, GM, KR, QCOM In Focus
1+ week, 1+ day ago (479+ words) U. S. stock indices ended mixed on Thursday but ended the week higher, with the Dow Jones index hitting record highs as weaker-than-expected jobs data calmed rate hike fears, while the S&P 500 ended flat and the Nasdaq slipped as investors continued…...
Fed's Beth Hammack Says Rate Hikes May Be Needed To Tame Inflation, Says AI Data Center Buildout Is Adding Pressure On Prices
1+ week, 3+ day ago (515+ words) Federal Reserve Bank of Cleveland President Beth Hammack said Tuesday that interest rates may need to be raised to bring inflation back under control. During an interview with CNBC, Hammack said that inflation has been elevated for the past five…...
Another Wall Street Bull Joins The 8, 000 S&P 500 Club " But There's A Catch
1+ week, 4+ day ago (435+ words) RBC Capital Markets reportedly raised its 12-month price target for the benchmark S&P 500 index to 8, 150 from 7, 900, citing higher earnings assumptions. According to a report from Investing. com, the firm said that while the outlook for equities was largely supportive,…...
Yen Hits Weakest Level Against Dollar Since December 1986 " Market Gets Ready For Further Intervention By Authorities
1+ week, 4+ day ago (499+ words) The Japanese yen slid to its weakest level against the U. S. dollar since December 1986 on Monday, extending a yearslong decline that is renewing focus on currency intervention risks and the global yen carry trade. The currency briefly weakened beyond 161. 95 per dollar,…...