- S&P 500 and Nasdaq futures gained on Wednesday on a growth stocks boost as investors lauded upbeat earnings from megacap Tesla and awaited economic data due later this week for clues on the U.S. central bank's interest-rate trajectory.
U.S. equities seem to have recovered from last week's slump, when markets were roiled by the tensions in the Middle East and re-evaluated their rate-cut expectations from the Federal Reserve. Traders await the Personal Consumption Expenditures index reading for March, the Fed's preferred inflation gauge, due on Friday, as market participants try to ascertain if the central bank will cut interest rates this year.Money markets are now pricing in around 41 basis points of cuts this year, down from about 150 bps seen at the beginning of the year, according to LSEG data.At 5:30 a.m. ET, Dow e-minis were down 7 points, or 0.02%, S&P 500 e-minis were up 5.75 points, or 0.
Mirroring the gains, chip stocks such as Arm Holdings, Micron Technology and Advanced Micro Devices also rose between 1.4% and 3.6%.Here are four stocks that you can buy and hold for decades in your TFSA. The post TFSA: 4 Canadian Stocks to Buy and Hold Forever appeared first on The Motley Fool Canada.The price of gold continues to hit the headlines, but this material is also making waves and should continue to climb for investors.
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