Wall Street’s attention in the week ahead will largely be fixed on a scheduled address from the Federal Reserve Chair, Jerome Powell, alongside the onset of the third quarter earnings season. Economic data, typically a key driver, will take a backseat due to ongoing delays caused by the US government shutdown. Mr Powell is due…
Investors largely shrugged off the start of the US government shutdown, with the major indexes continuing to notch record highs as Wall Street leaned on AI momentum and expectations for further easing of interest rates by the Federal Reserve. The stock market rally, led by large-cap tech, comes even as Washington gridlock delays critical economic…
The biggest story for investors in the week ahead will be all the stories that won’t be told. Should the government remain shut down, releases including the Census Bureau’s imports and exports figures, wholesale trade and inventories, and the key jobless claims numbers from the Labor Department will be delayed. And this after we already…
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Stock markets around the world leaped to new highs on Thursday, propelled by optimism around the AI boom and hopes for further U.S. interest rate cuts, as investors shrugged off the U.S. government shutdown…
Amidst a backdrop of cautious Federal Reserve commentary and persistent inflation concerns, major U.S. stock indexes have experienced declines, with the Nasdaq Composite and Russell 2000 Index taking notable hits. In this environment, high-growth tech stocks can present intriguing opportunities for investors seeking to navigate these challenges, as they often exhibit strong innovation potential and…
US equity futures held losses after Congress failed to agree to a spending plan, forcing the government into a shutdown that will keep hundreds of thousands of federal workers home from their jobs. Futures on the S&P 500 Index were down 0.4% as of 1:02 a.m. Wednesday after the deadline to fund the government came…
With Democrats and Republicans unable to reach a funding deal, the US government is on the brink of a shutdown (Alex WROBLEWSKI) Asian markets stuttered, US futures fell and gold hovered near record highs Wednesday after lawmakers in Washington failed to reach a deal to avert a government shutdown. The prospect of federal services being…