Stock market today: Wall Street ticks higher as more earnings come in ahead of Fed rate decision

Trader Edward McCarthy works on the floor of the New York Stock Exchange, Wednesday, Nov. 6, 2024. A board above the trading floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average, Wednesday, Nov. 6, 2024. A currency trader walks by the screens showing the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. 7, 2024.

Lyft jumped close to 24% in extended trading overnight after the ride-hailing app breezed past Wall Street’s sales and profit expectations and raised its forecast for the fourth quarter and full year. Inflation in the U.S. has retreated on a similar track, and the broad expectation is that the Federal Reserve will cut its rate by another quarter-point later Thursday.In Asia, Japan’s Nikkei 225 fell 0.3% to 39,381.41, reflecting worries over the potential for a revival of trade tensions under a Trump administration.

“We expect shipments to stay strong in the coming months –- any drag from potential Trump tariffs may not materialize until the second half of next year,” Huang said. Francis Lun, CEO of Geo Securities, said domestic issues were a greater concern than tariffs. “People want the government to spend some money to boost the economy, instead of looking outward,” he said.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock market today: Asian markets mostly fall after Wall Street logs 3rd loss in a rowShares are mostly lower in Asia after a third straight day of losses on Wall Street.
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »

Stock market today: Asian shares are mixed after Wall Street drifts ahead of US Election DayShares are mixed in Asia after U.S. stock indexes drifted lower at the start of a momentous week full of potential flashpoints in Washington, D.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »

Stock market today: Asian markets mostly fall after Wall Street logs 3rd loss in a rowShares are mostly lower in Asia after a third straight day of losses on Wall Street.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »

Stock market today: Asian shares rise after Wall Street rally, and China promises a briefingAsian shares are mostly higher, as market optimism got a perk from the record highs set on Wall Street.
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »

Stock market today: Asian shares fall after Wall Street pulls back from its recordsAsian shares outside of China are lower in cautious trading ahead of earnings reports both in the region and overseas, after Wall Street's long, record-breaking rally ran out of steam. Benchmarks fell in Tokyo, Seoul and Sydney, while rising slightly in Hong Kong and Shanghai. The yen weakened against the U.S. dollar and oil prices edged lower.
Herkunft: AP - 🏆 728. / 51 Weiterlesen »