NEW YORK — A sell-off for stocks has made it all the way around the world, and Wall Street is tumbling again Friday on worries about whether the U.S. economy’s growth can hold up until the Federal Reserve cuts interest rates.
It was just a couple days ago that U.S. stock indexes jumped to their best day in months after Fed Chair Jerome Powell gave the clearest indication yet that inflation has slowed enough for cuts to interest rates to begin in September. Now, worries are rising that the Fed kept its main interest rate at a two-decade high for too long in its zeal to stifle inflation. A rate cut could take months to a year to filter through the economy.
Several big technology companies turned in underwhelming profit reports, which continued a dispiriting run that began last week with results from Tesla and Alphabet. Helpfully for Wall Street, other areas of the stock market that had been beaten down by high interest rates were rebounding at the same time, particularly smaller companies. But they tumbled too on Friday on worries that a fragile economy could undercut their profits.In the bond market, Treasury yields fell sharply as traders raised their expectations for how deeply the Federal Reserve would cut interest rates at its next meeting in September. The yield on the 10-year Treasury fell to 3.
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:
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 hits records as a slowing economy boosts hopes for lower ratesNEW YORK (AP) — Wall Street’s record-breaking rally kept going after weak reports on the economy kept the door open for possible cuts to interest rates. The S&P 500 rose 0.5% Wednesday to set an all-time high for the 33rd time this year.
La source: SooToday - 🏆 8. / 85 Lire la suite »
Stock market today: Wall Street sticks near its records as yields slide after jobs reportNEW YORK (AP) — U.S. stocks are sticking near their records following a jobs report that showed a slowdown in hiring and contained nuggets of data for both optimists and pessimists.
La source: SooToday - 🏆 8. / 85 Lire la suite »
Stock market today: Wall Street edges higher ahead of bank earnings and Powell testimony this weekNEW YORK (AP) — Stocks are a bit higher in early trading on Wall Street, adding to the record highs they set last week. The S&P 500 was up 0.2% in the first few minutes of trading Monday. The Nasdaq edged up 0.
La source: SooToday - 🏆 8. / 85 Lire la suite »
Stock market today: Wall Street ends mixed, nudging the S&P 500 and Nasdaq to more recordsStocks wavered to a mixed close on Wall Street, nudging the S&P 500 and the Nasdaq composite to more records. The S&P 500 inched up 0.1% Monday, and the Nasdaq rose 0.3%. The Dow Jones Industrial Average gave up an early gain and fell 0.1%.
La source: SooToday - 🏆 8. / 85 Lire la suite »
Stock market today: Wall Street opens mixed ahead of congressional testimony from PowellNEW YORK (AP) — Stocks are opening mixed on Wall Street ahead of Federal Reserve Chair Jerome Powell’s testimony before the Senate Banking Committee. The S&P 500 was up 0.2% in the first few minutes of trading Tuesday.
La source: SooToday - 🏆 8. / 85 Lire la suite »
Stock market today: Wall Street wavers following congressional testimony from PowellStocks closed mixed on Wall Street after testimony from Federal Reserve Chair Jerome Powell in front of Congress provided little new guidance on the Fed’s plans on when it might lower interest rates.
La source: SooToday - 🏆 8. / 85 Lire la suite »