Dow snaps 2-day losing streak as economy shows growth in early spring, but tech stocks slip

U.S. stocks closed mostly lower Wednesday, after the Federal Reserve’s Beige Book pointed to a moderate pace of economic growth this spring, but a slight inflation uptick in 2021.

The Beige Book survey also pointed to progress on the vaccination front as providing a boost to the economy outlook. “We are getting a flavor of what’s to come,” said Yung-Yu Ma, BMO Wealth Management’s chief investment strategist, of ramped up earnings and profit by big banks. “We think that continues for bank earnings and it is something we think probably lasts for the rest of this year.”

And while bank shares haven’t been a focus among his traders for some time, Denier said early quarterly results point to a “feasting moment” for big banks, thanks to the surge in IPOs, SPACs and other capital market activities during the pandemic.

Still bullish

Learn to trade the volatility from transparent traders here

I pick up at $45

I Liked $430 as a better round number but limit order got filled at 429.50.

😬

$algo Algorand

Cringe ass crypto moment -7DeadlyFetishes

Media's narrative yet remained the same..

This is not the DIP we are looking for. Wait a few weeks

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Dow set to rise as investors brace for crush of earnings, economic dataU.S. stocks are poised to climb on Thursday as investors brace for a fresh round of earnings reports from major financial institutions and economic data,... paper price is manipulated... Physical silver purchases are at an all time high. Inflation is here and will turn into Hyperinflation. LBMA Acknowledges 'Buying Frenzy' In Silver Market And Silver Shortage Fears Some stock will rise. Many are not reporting until mid May or even June. I am recently in your country, looking for new friends
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

S&P 500, Dow hit record highs on bank earnings boostThe S&P 500 and the Dow hit record highs on Friday after Morgan Stanley wrapped up bumper quarterly earnings reports from big U.S. banks, while optimism about a solid economic rebound put the main indexes on course for weekly gains.
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »