Here is what you need to know on Friday, January 17: Markets remain in a cautiously optimistic mood, digesting the stronger-than-expected Chinese growth and activity data, while staying nervous before US President-elect Donald Trump’s inaugaration and amid looming tariffs. China’s economy expanded by 5.4% in the fourth quarter of 2024, exceeding the market’s expectation of…
STORY: U.S. stocks ended little changed on Thursday, giving up an initial rebound following a sharp selloff the day before. The Dow ticked up marginally, barely snapping a ten-session losing skid, its longest since 1974. The S&P 500 and Nasdaq each ticked down about a tenth of a percent. The prior session saw all three…
The Federal Reserve cut its benchmark interest rate to between 4.25% and 4.5% on Wednesday. The central bank also projected two cuts next year instead of four, sending stocks tumbling. Here’s how analysts, economists, and other experts reacted to the Fed decision and market reaction. The Federal Reserve cut its benchmark interest rate on Wednesday…
Some Wall Street forecasters think the Fed could deliver its last rate cut for a while this week. A resilient economy and a reversal of the disinflation trend suggest rate more cuts aren’t needed for now. Some predict a pause at coming meetings, with the potential for hikes to even resume in 2025. The outlook…
US stocks ended Friday mixed, with the S&P 500 rising to an all-time-high. Investor optimism rose after jobs data fueled optimism about the economy and future rate cuts. Traders see higher odds of another rate cut in December, the CME FedWatch Tool shows. US stocks ended mixed on Friday, though the S&P 500 rose to…
The October jobs report was weak, with a sharp slowing in net nonfarm payrolls due to hurricane-related disruptions and strikes. The November jobs report is likely to reflect more jobs and a rebound in payrolls, although the unemployment rate could rise further. Workers deliver Amazon packages on Black Friday in New York, US, on Friday,…
US stocks fell on Wednesday, with the S&P 500 snapping a winning streak amid a sell-off in tech. Dell shares dropped 12% after the company lowered guidance for the quarter. Investors took in the fresh inflation data, which bolstered bets for a December Fed rate cut. US stocks ended lower on Wednesday, with the benchmark…
Despite tomorrow being Thanksgiving, there is a lot of data being released today for markets to sift … [+] through. (Photo by Smith Collection/Gado/Getty Images) Getty Images Key Takeaways Markets React To Fed Minutes And Key Economic Reports Today Light Volume Expected Ahead Of Holiday With Economic Data Driving Sentiment Political And Trade Concerns Loom…
Stocks are bound for another strong year, but not every sector is poised to gain, Wells Fargo said. Scott Wren, the bank’s senior global market strategist, sees muted returns ahead for defensive shares. The bank’s strategists are more bullish on cyclical, interest rate-sensitive stocks, he added. The stock market is on track for strong gains…
Nvidia will release earnings tonight after the market close. (Photo by Jakub Porzycki/NurPhoto via … [+] Getty Images) NurPhoto via Getty Images Key Takeaways Nasdaq Leads Gains, Up 1%, With Retail Earnings Driving Market Sentiment Target’s Miss And Walmart’s Strength Highlight Shifting Consumer Behavior Trends Nvidia Earnings And Bitcoin ETF Options Dominate Today’s Market Focus…