Despite market expectations that the central bank will approve its third straight reduction,Collins told The Wall Street Journalthat she is still watching the data “and we’ll have to continue to weigh what makes sense.” The Journal said the interview occurred late Thursday. Markets are assignin...
Investors had beenhoping for weak jobs figureson a hunch it would give the Federal Reserve the greenlight to cut rates later this year. Now, with the labor market showing continued resilience, Wall Street seems focused on the idea that the economy is strong enough to keep growing without the ...
Theproducer price indexreading for April came in above estimates, putting a damper on expectations that the Federal Reserve would begin cutting rates later this year. The PPI gained 0.5% from the prior month, higher than the 0.3% that economists polled by Dow Jones had anticipated. The market...
Despite benefiting from positive economic trends, the market will likely turn downward in the coming months as traders balk at the high prices and firms struggle to preserve the gains, experts said. MORE: AI is driving a stock market rally. What if the technology falte...
Thestock markethas surged out of the gate in 2024. The S&P 500 -- the index that most people's 401(k)'s track -- reached a record high on Wednesday, putting the index up 10% this year. The tech-heavy Nasdaq has followed close behind with 9% growth over th...
Consensus analyst expectations for year-over-year earnings growth, 2023-2024 Source: BlackRock Fundamental Equities, with data from FactSet as of May 30, 2024. Chart shows consensus analyst estimates for year-over-year earnings per share (EPS) growth of the “Magnificent 7” mega-cap stocks in...
government's bottom line for market rescue, breaking through levels over and over again. On January 23, 2024, the Indian stock market surpassed the Hong Kong stock market in market capitalization (USD 4.33 trillion vs. USD 4.29 trillion), becoming the fourth-largest stock market in the world....
government's bottom line for market rescue, breaking through levels over and over again. On January 23, 2024, the Indian stock market surpassed the Hong Kong stock market in market capitalization (USD 4.33 trillion vs. USD 4.29 trillion), becoming the fourth-largest stock market in the world....
Last week was a solid one for Wall Street. The Dow, the S&P 500 and the Nasdaq Composite – gained 1.2%, 1.1% and 1.1%, respectively. All three indexes recorder their fifth consecutive weekly gains. Growing expectations of investors about the much-hyped “soft landing” of the U.S. econ...
green today. Asia ex-Japan IG CDS spreads were 2.4bp tighter. Separately, Chinese banks have approve $28bn in loans for the troubled property market with about 6,000 projects included in the white lists. This comes after new home sales from the 100 biggest developer slid 60% YoY in ...