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Earnings In Focus After Fed's Decision to Hold Rates Steady

May 2, 2024
Barry Adams
A day after the Fed's rate decisions, Treasury yields held firm, the dollar looked higher, and stocks on Wall Street were slightly higher. 

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Will the Fed Abandon the 2% Target Rate?

May 1, 2024
Alexander Garcia
Investors are increasingly worried about the Fed's ability to lower rates as service sector inflation shows no sign of easing further amid wages rising at a pace not commensurate with the Fed's 2% target rate. Financial markets in Europe and China were closed for the May Day and Labor Day holidays. 

Stocks On Wall Street Turn Lower Ahead of Fed's Rate Decisions

May 1, 2024
Barry Adams
Stocks were under pressure ahead of the Federal Reserve's monetary policy announcements later in the day. The yield on 10-year Treasury notes edged higher, and crude oil prices turned lower.

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S&P 500 Index Extends April's Decline to 3% After Hot Wage Data

Apr 30, 2024
Alexander Garcia
Inflation worries were reignited on Wall Street after a measure of wages and benefits rose at the fastest pace in a year in the first quarter. The S&P 500 index and the Nasdaq extended their monthly decline to over 3%, and European markets fell nearly 2%. 

Investors Turn Cautious Ahead of Fed's Rate Decisions

Apr 30, 2024
Barry Adams
The S&P 500 index and the Nasdaq Composite are set to close down in April after rising for six months in a row as investors lower rate expectations amid stubborn inflation.

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Busy Week of Earnings and Economic Releases Keep Indexes In Tight Trading Range

Apr 29, 2024
Alexander Garcia
Major averages on Wall Street advanced as investors awaited earnings from leading tech companies and the Fed's rate decisions later in the week. In Europe, inflation in Germany held steady but accelerated in Spain. Positive earnings supported the market's advance in China. The presumed government intervention lifted the Japanese yen.

U.S. Indexes Move Higher Amid Strong Earnings, Elevated Inflation, and Slowing Economy

Apr 29, 2024
Barry Adams
Benchmark indexes on Wall Street looked up following the best week in five months as investors prepared for another batch of fresh earnings and key economic updates.

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Microsoft and Google Earnings Power Big Tech Rally

Apr 26, 2024
Barry Adams
Stock market indexes extended weekly gains after Google and Microsoft reported sharply higher sales and earnings. Market sentiment was also bolstered after the personal consumption expenditure index, an alternative measure of inflation, edged higher but stayed below 3%. 

Market Indexes In the U.S. and Europe Turn Lower Amid Interest Rates Uncertainties

Apr 25, 2024
Alexander Garcia
Market indexes in New York and Europe fell more than 1%, and the latest GDP report provided another signal to the stock market that inflation is still well anchored in the economy, supporting the Fed's case for keeping the rates unrevised. 

S&P 500 and Nasdaq Drop 1% After GDP Report Raised Inflation and Growth Worries

Apr 25, 2024
Barry Adams
U.S. major averages on Wall Street turned lower as investors reacted to the latest batch of earnings. IBM declined 9% after falling short of revenue growth expectations, and Meta Platforms plunged 14% after the company's second-quarter revenue outlook disappointed some investors. 

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Global Market Indexes Turned Lower with Fading U.S. Rate Cut Expectations

Apr 24, 2024
Alexander Garcia
Major indexes on Wall Street turned lower after rate expectations faded following another strong set of economic data. The yield on Treasury notes edged higher. European markets erased morning gains. In Asia, the yen continued to hiver near a three-decade low, and indexes in mainland China edged lower. 

U.S. Indexes Rebound as Wall Street Reviews Earnings; Tesla Jumps 11% On Outlook

Apr 24, 2024
Barry Adams
Stocks on Wall Street attempted to rebound for the second consecutive day as investors reviewed the latest batch of earnings. The yield on Treasury notes edged slightly lower, and gold and crude oil declined.

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Positive Earnings Support Market Gains Across Atlantic

Apr 23, 2024
Alexander Garcia
Major averages on Wall Street extended their gains after investors reacted to the latest batch of earnings. The FTSE 100 index in the UK traded at a new record high. The yen drifted to a new 34-year low.

Wall Street Stocks Trade Higher as Earnings Season Gathers Momentum

Apr 23, 2024
Barry Adams
Major indexes on Wall Street advanced as investors shifted their attention to the latest batch of corporate results. Crude oil declined and gold extended three-day losses after geopolitical tensions eased.

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World Markets Shift Focus to Earnings, Gold and Crude Oil Fall

Apr 22, 2024
Alexander Garcia
U.S. market averages rebounded, gold and silver dropped, and the U.S. dollar stayed elevated against major currencies. European markets closed higher, tracking gains in New York. Semiconductor and tech stocks struggled in Asian trading.