Investors shifted their attention to mega-cap tech companies after Microsoft, Tesla, Meta Platforms, and IBM released their quarterly results. The European Central Bank lowered its key lending rates, and the bank said the disinflation process is well on track. Indian investors awaited the fiscal year budget this Saturday.
The Federal Reserve is widely anticipated to hold rates steady later today after a two-day policy meeting. Investors are awaiting the release of the Fed's outlook on inflation, economic growth, and the jobless rate. U.S. international goods deficit hit a new record high in 2024.
ASML LOGI META MSFT DHR TMUS SBUX
ASML LOGI META MSFT DHR TMUS SBUX
Wall Street indexes attempted to rebound in Friday's trading after a sell-off in tech stocks in the previous session. Apple lost its market share in China amid rising competition from Huawei and Vivo. Regions Financial, Citizens Financial, Truist Financial, State Street, and JB Hunt were in focus after their earnings releases.
RF TFC STT CFG JBHT
RF TFC STT CFG JBHT
Wall Street indexes rested a day after registering strong gains as investors debated inflation outlook and rate path in the months ahead. The latest updates on retail sales and weekly jobless claims confirmed resilient consumer spending and strong labor market conditions. The euro hovered near parity with the U.S. dollar, and China's fourth quarter GDP growth is estimated to accelerate to 5%.