Wall Street turns lower as oil stocks drag

REUTERS: U.S. stocks headed lower on Thursday as a slide in energy stocks added to gloom after the Federal Reserve quashed hopes of interest rate cuts this year.

"The markets seemed to be stalling out after hitting all-time highs and the focus just shifted towards taking some money off the table," said Robert Pavlik, chief investment strategist and senior portfolio manager at SlateStone Wealth LLC in New York. More than 350 of the S&P 500 companies have reported so far, and analysts now expect earnings to rise 0.7per cent compared with a 2per cent fall estimated at the beginning of April, according to Refinitiv data.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Wall Street opens slightly lower after mixed bag of earningsU.S. stock index futures were modestly higher on Thursday, as investors looked past the Federal Reserve's patient stance on monetary policy and ...
Herkunft: ChannelNewsAsia - 🏆 6. / 66 Weiterlesen »

Wall Street set for flat open as investors await fresh earningsU.S. stocks were on course to open lower on Monday after hitting another closing high in the previous session, as investors awaited inflation data ...
Herkunft: ChannelNewsAsia - 🏆 6. / 66 Weiterlesen »

US stocks fall after Fed announcement as S&P 500 record streak endsNEW YORK: Wall Street stocks finished lower on Wednesday (May 1) after the Federal Reserve kept interest rates unchanged, while Apple surged on ...
Herkunft: ChannelNewsAsia - 🏆 6. / 66 Weiterlesen »