News Formal

Stocks little changed after Fed comments, ahead of Nvidia

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 33 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 118%
  • Publisher: 78%

Kitco News News

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

NEW YORK, May 21 - U.S. stocks held near the unchanged mark on Tuesday as investors digested the latest round of comments from Federal Reserve officials for insight on the timing of a rate cut and the quarterly earnings from Nvidia drew closer.

Investors also looked toward minutes from the Fed's most recent policy meeting, due on Wednesday, after multiple Fed officials on Tuesday reinforced the stance that it would be best for the central bank to exercise patience before starting to cut interest rates. Markets are currently pricing in a 64.8% chance for a cut of at least 25 basis points at the central bank's September meeting, according to CME's FedWatch Tool, opens new tab.

Macy's , opens new tab gained 1.4% after the department store operator raised its annual profit forecast, despite posting a bigger-than-expected drop in sales for the first quarter.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Stocks steady as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US stocks hold near record highs with Nvidia front of mindInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »