Stocks were lower on Thursday as traders weighed disappointing earnings against new data that gave Wall Street hope of easier Federal Reserve policy later this year.slipped 15 points, or less than 0.1%. If the index ends the day in the red, that would snap a six-day winning streak for the 30-stock index. Thecame in at the highest level since August, sending yields lower and raising expectations that central bankers might cut interest rates at some point this year.
Bookings rose 19% in the first quarter from a year ago, coming in at $923.8 million. That fell short of a FactSet estimate of $930.4 million.BOE Governor Andrew Bailey said inflation indicators "are moving in the right direction" though the bank's post-meeting statement noted that indicators "remain elevated" and upside risks remain. Bailey cautioned that a June cut is not certain.
The plan to take over Paramount for $26 billion would include auctioning off CBS, cable channels and the Paramount Plus streaming service, the NYT reported. The movie studio Paramount Pictures would be combined with Sony's business.European equity markets were mixed early Thursday, as the recent flurry of earnings slowed and markets braced themselves for new messaging on the path of interest rates from the Bank of England.was down 0.
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