U.S. stocks edge higher, extending rally as investors await Powell speech

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 53%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

U.S. stocks edge higher, extending rally as investors await Powell speech

Investing.com -- U.S. stocks were edging higher, trying to maintain a multi-day rally going ahead of comments from Federal Reserve Chair Jerome Powell, which could provide guidance on future monetary policy.

Wall Street’s benchmark indices traded narrow ranges on Wednesday, with the broad-based S&P finishing up just 0.1%. However, this marked its eighth consecutive up day, its longest winning streak since 2021. The tech-heavy Nasdaq also gained 0.1%, a ninth winning day, while the 30-stock Dow slipped by 0.1%, breaking a run of seven positive days.

However, some Fed officials have warned against complacency in recent days, saying there is more work to be done to get inflation back to the central bank's 2% target rate. Powell spoke at a separate event in the U.S. capital on Wednesday, but did not comment on monetary policy. This is unlikely to be the case today, and investors will be looking for a steer on future interest rate levels.) beat profit expectations but missed on revenue, and its full year 2024 outlook was about inline with estimates. Shares rose 5.8%.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 450. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

European stock futures slip lower; Powell speech, earnings in focusEuropean stock futures slip lower; Powell speech, earnings in focus
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »

Stock Market Today: Stocks flat as markets eye Powell remarks, 10-year auctionStocks are back on bond watch Wednesday as investors look to extend Wall Street's longest rally in two years ahead of another key Treasury auction later in the session.
Sumber: startelegram - 🏆 248. / 63 Baca lebih lajut »

Stock Market Today: Futures Tread Water; Fed's Powell Due to SpeakThe S&P 500 looks to build on its longest winning streak in two years
Sumber: WSJ - 🏆 98. / 63 Baca lebih lajut »