Stock market today: Wall Street bounces back in premarket trading following Monday's drubbing

  • 📰 wjxt4
  • ⏱ Reading Time:
  • 39 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

U.S. News Nouvelles

World News,Business

Wall Street drifted toward gains as more corporate earnings come in, giving investors a break from fretting about if and when the Federal Reserve might cut interest rates.

The New York Stock Exchange is seen, through a window guard, on Tuesday, April 16, 2024 in New York. – Wall Street drifted toward gains before the market open on Tuesday as more corporate earnings come in, giving investors a break from fretting about if and when the Federal Reserve might cut interest rates.

Tesla was on track for a third straight day of declines, falling another 2.6% before the bell. The Elon Musk-run electric car maker posted falling sales in its most recent quarter and announced it was laying off 10% of its workforce Monday. Its shares are down about 35% so far this year. The economy and financial markets are in an awkward phase where such strength raises hopes for growing profits at companies but also hurts prospects forfrom the Federal Reserve. They’re the two main levers that set stock prices, and they’re simultaneously yanking Wall Street in different directions.

“The sky is not blue in China,” Ipek Ozkardeskaya of Swissquote said in a commentary, since such signals hint “that the underlying problems are not going away."

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 246. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market today: Wall Street rises ahead of a big week for central banksStocks rose ahead of a busy week for central banks around the world that could dictate where interest rates go next.
La source: latimes - 🏆 11. / 82 Lire la suite »

Stock market today: Asian shares rise after Wall Street rallies to recordsAsian benchmarks are mostly higher after U.S. stocks rallied to records following the Federal Reserve's indication that it expects to deliver interest rate cuts later this year. Japan’s benchmark Nikkei 225 jumped 2.0% to finish at a record high Thursday, after the government reported exports grew nearly 8% in February from a year earlier.
La source: AP - 🏆 728. / 51 Lire la suite »

Stock market today: Global shares rise after Wall Street rallies to recordsGlobal benchmarks are mostly higher after U.S. stocks rallied to records following indications from the Federal Reserve that it expects to deliver interest rate cuts later this year.
La source: ksatnews - 🏆 442. / 53 Lire la suite »

Stock market today: Global shares rise after Wall Street rallies to recordsGlobal benchmarks are mostly higher after U.S. stocks rallied to records following indications from the Federal Reserve that it expects to deliver interest rate cuts later this year.
La source: wjxt4 - 🏆 246. / 63 Lire la suite »

Stock market today: Asian shares are mixed after another Wall Street record dayStocks are mixed in Asia after Wall Street tapped fresh records, led by big gains in chipmakers.
La source: ksatnews - 🏆 442. / 53 Lire la suite »

Stock market today: Asian shares are mixed after another Wall Street record dayStocks are mixed in Asia after Wall Street tapped fresh records, led by big gains in chipmakers.
La source: wjxt4 - 🏆 246. / 63 Lire la suite »