The market opened slightly higher on Wednesday as investors closely watch for the Federal Reserve’s latest policy decision and a congressional hearing on antitrust in Big Tech later in the day.The Dow Jones Industrial Average was up 0.1%, nearly 50 points, at Wednesday’s open, while the S&P 500 rose 0.4% and the tech-heavy Nasdaq Composite gained 0.8%.
The Federal Reserve, which concludes its two-day policy meeting on Wednesday, is expected to keep interest rates unchanged at near zero to continue to support the economy through the coronavirus pandemic. The CEOs of Amazon, Apple, Facebook and Google-parent Alphabet are set to testify before the House Antitrust Subcommittee later on Wednesday, which may give investors insight into how Big Tech companies are handling challenges from regulators.
While Big Tech companies are among the best-performing stocks so far this year, there are rising concerns on Wall Street thatThe busiest week of the second quarter earnings season continued, with shares of General Electric, Advanced Micro Devices, General Motors and Shopify all rising after the companies reported better-than-expected results.
Boeing and Starbucks, meanwhile, posted wider-than-expected losses last quarter, but both stocks traded higher heading into the market open.Investors also continued to assess the latest coronavirus relief bill unveiled by Senate Republicans late on Monday, titled the Heath, Economic Assistance, Liability Protection and Schools Act. The GOP proposal for the next round of federal coronavirus aid
skleb1234 The Trillions of new money have nothing to do with anything though. Never discuss it Forbes. Just keep propagating horseshit.
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:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European shares edge higher, luxury stocks dampened by weak resultsEuropean stocks inched higher on Tuesday as investors held out for more U.S. stimulus to limit the economic damage of the COVID-19 pandemic, brushing aside the latest batch of underwhelming quarterly earnings reports from luxury goods makers. that's why I invested in a pug. He has a unique return cause the little fucker's smile is priceless when he perceives the world with the wonder of cousin eddy seeing wayne newton's hair.
Source: Reuters - 🏆 2. / 97 Read more »
Stock market live updates: Stocks rise, Kodak rockets higher, Big Tech hearings and Fed aheadShares of Tesla jumped after Morgan Stanley raised its base case target on the stock to $1,050 and its bull case forecast to $2,500. $TSLA Follow along with the latest stock market updates here: lol lol lo GO Nice. I am curious to see where WKHS will end up this year. Especially if they can get the USPS contract. 🤣 can’t make this stuff up
Source: CNBC - 🏆 12. / 72 Read more »
Positive earnings updates set Wall St. for higher open; Fed in focusWall Street's main indexes were set to open higher on Wednesday as a slew of positive earnings updates and hopes for a dovish tone from the Federal Reserve overshadowed concerns about next steps for the government's coronavirus support plan.
Source: Reuters - 🏆 2. / 97 Read more »
Gold Touches New Record as Global Stocks Edge HigherThe precious metal has been buoyed by a gloomy global economic outlook, falling interest rates, rising U.S.-China tensions and a weakening of the dollar. Yes, I was looking for the lost brick, thanks for returning it.
Source: WSJ - 🏆 98. / 63 Read more »
US stocks rise as tech trades higher, investors await stimulus bill | Markets InsiderUS stocks rose on Monday as investors looked to major earnings on deck this week and awaited the release of the GOP's coronavirus stimulus plan.... Meanwhile, their customers are getting screwed.
Source: BusinessInsider - 🏆 729. / 51 Read more »
European stocks set for mixed open as investors monitor U.S. stimulus hopes, coronavirus casesEuropean stocks are heading for a mixed open on Tuesday as signs of progress on fresh U.S. government stimulus efforts weigh off against concerns about a burgeoning coronavirus resurgence worldwide.
Source: CNBC - 🏆 12. / 72 Read more »