The market opened slightly higher on Wednesday as technology stocks continue to outperform and Wall Street awaits an update on the economy from the Federal Reserve.... [+]The Dow Jones Industrial Average was flat at Wednesday’s open, while the S&P 500 rose 0.2% and the tech-heavy Nasdaq Composite gained 0.8%.
Investors continued to rotate back into tech stocks, with shares of Amazon, Facebook and Apple both set to hit new record highs again after rising more than 1% in premarket trading. Stocks that would benefit from a reopening—including airlines, retailers and cruise operators—moved lower again on Wednesday, after having led the market’s comeback in recent weeks.
The Federal Reserve wraps up its two-day meeting this afternoon: Wall Street will be closely watching for an update on the economy and any guidance on how long interest rates will remain low.in the way of policy changes, the Fed will release new forecasts for GDP, unemployment and inflation as the U.S. economy begins to recover from the coronavirus pandemic.Markets are in a “holding pattern” ahead of the Fed’s update, says Vital Knowledge founder Adam Crisafulli.
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What to watch today: Stocks set for higher open ahead of Fed statement, Powell news conferenceStock futures are higher ahead of the Fed's post-meeting policy statement and Chairman Jerome Powell's afternoon news conference.
La source: CNBC - 🏆 12. / 72 Lire la suite »
There's a 'disconnect' with bank stocks and they should climb higher, top analyst saysWells Fargo's Mike Mayo said on 'Fast Money' that bank stocks can climb higher still after a strong week for the sector. that's crap. their barely suriving even with all the Fed. stimulus money. Key graph in story, a.k.a “burying the lede: “In a note released Monday, Mayo wrote that investor feedback to Wells Fargo since last week’s call to raise price targets indicated a willingness by clients to take larger positions in bank stocks.” First Housing , now it's auto loans ! What next ?
La source: CNBC - 🏆 12. / 72 Lire la suite »
Asia Pacific stocks set to trade higher as S&P 500 turns positive for the yearAn overnight rally stateside saw the S&P 500 erasing its losses and entering positive territory for the year.
La source: CNBC - 🏆 12. / 72 Lire la suite »
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La source: Reuters - 🏆 2. / 97 Lire la suite »
Some Global Markets Follow U.S. Stocks HigherSome international stock markets rose, and the dollar held near three-month lows, after a U.S. rally that pushed the S&P 500 into positive territory for the year. Protect your news integrity from online piracy to increase brand value, revenue and trust. Happy to help! FakeNews XCheck FightFakeNews waiting for the 2nd crash
La source: WSJ - 🏆 98. / 63 Lire la suite »
Global Markets Inch Higher; Chinese Stocks Lag BehindU.S. stock futures crept higher, as did some international indexes, while weaker-than-expected inflation data put Chinese shares under pressure. Weeeeewhuaaa So much bubble hype out there! If you see the bandwagon you’ve already missed it. Fake Numbers bubble
La source: WSJ - 🏆 98. / 63 Lire la suite »