Stock Market Today: S&P 500 closes lower as Powell signals higher for longer rates

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Stock Market Today: S&P 500 closes lower as Powell signals higher for longer rates

Investing.com -- The S&P 500 closed lower Tuesday, and investors had to contend with wild swings after Federal Reserve Jerome Powell signaled the need for rates to remain higher for longer following recent inflation data that surprised to the upside.“The recent data have clearly not given us greater confidence," to consider starting the rate cut cycle, instead the data"indicate that it’s likely to take longer than expected to achieve that confidence.

The remarks further dented investor hopes on sooner rate cuts, pushing Treasury yields higher, with the yield on the 2-year Treasury topping 5% for the first time since November.), a major Dow component, jumped 5% after the health insurer maintained its 2024 forecast even as it disclosed a potential hit of up to $1.6 billion this year related to a data breach at its Change Healthcare unit, in its first full public disclosure of the financial impact of the cyberattack.

 

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

Indonesia Berita Terbaru, Indonesia Berita utama

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

Stock Market Today: S&P500 in record close amid best Q1 performance since 2009Stock Market Today: S&P500 in record close amid best Q1 performance since 2009
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »

Stock Market Today: S&P 500 clinches fresh record high as Treasury yields stumbleStock Market Today: S&P 500 clinches fresh record high as Treasury yields stumble
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »

Stock market today: S&P 500 sets a record after Wall Streets breaks out of its lullU.S. stocks broke out of a three-day lull to close at a record. The S&P 500 added 0.9% Wednesday, beating the all-time high it set last week. The Dow Jones Industrial Average climbed 1.2%, and the Nasdaq composite added 0.5%. The Dow and Nasdaq closed just short of their own records.
Sumber: AP - 🏆 728. / 51 Baca lebih lajut »

Stock market today: Asian shares meander after S&P 500 sets another recordAsian shares have opened mixed after U.S. stocks broke out of a three-day lull to close at a record. Chinese markets rose and Tokyo's benchmark fell. Oil prices advanced, while U.S. futures edged lower. The S&P 500 added 0.9% Wednesday, beating the all-time high it set last week. The Dow Jones Industrial Average climbed 1.
Sumber: AP - 🏆 728. / 51 Baca lebih lajut »

Stock market today: World shares are mostly higher after S&P 500 sets another recordEuropean shares have opened higher after a mixed trading session in Asia.
Sumber: ksatnews - 🏆 442. / 53 Baca lebih lajut »

Stock market today: World shares are mostly higher after S&P 500 sets another recordEuropean shares have opened higher after a mixed trading session in Asia.
Sumber: wjxt4 - 🏆 246. / 63 Baca lebih lajut »