News Formal

Stocks Open Higher as Investors Attempt Recovery

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 47%
  • Publisher: 72%

Finance News

Stocks,Recovery,Investors

Stocks opened higher on Thursday as investors attempted a recovery from this week's consecutive losing sessions for the Dow. According to data released Thursday, initial jobless claims increased more than expected last week, hitting their highest level since late January. Additional data posted by the Commerce Department reflected an increased in the trade deficit to $68.9 billion in February, slightly higher than the Dow Jones estimate. Investors' fears that the Federal Reserve may keep rates higher longer have weighed on stocks this week.maintained that while there is still room for interest rate cuts this year, policymakers will need more proof that inflation is moving toward the central bank's 2% guideline before rates can come down. As a result, Wall Street adjusted its expectations for rate reductions. Fed funds futures trading data now suggests a 58

Stocks opened higher on Thursday as investors attempted a recovery from this week's consecutive losing sessions for the Dow. According to data released Thursday, initial jobless claims increased more than expected last week, hitting their highest level since late January. Additional data posted by the Commerce Department reflected an increased in the trade deficit to $68.9 billion in February, slightly higher than the Dow Jones estimate.

Investors' fears that the Federal Reserve may keep rates higher longer have weighed on stocks this week.maintained that while there is still room for interest rate cuts this year, policymakers will need more proof that inflation is moving toward the central bank's 2% guideline before rates can come down. As a result, Wall Street adjusted its expectations for rate reductions. Fed funds futures trading data now suggests a 5

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:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here are the stocks Wall Street believes will push the Dow over 40,000Watch these stocks that could be key players in helping the 30-stock Dow reach the 40,000 level.
Source: CNBC - 🏆 12. / 72 Read more »

Dow closes lower for a third day as stocks' second-quarter woes continue: Live updatesThe S&P 500 hovered near flat Wednesday as the market tried to move past early-Q2 jitters.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks Gain, Led by Dow as Traders Look for Rate InsightU.S. stocks were higher, with the Dow leading gains Wednesday, and the S&P 500 setting a closing record, paced by gains in drugmaker Merck, while investors looked towards the next piece of inflation data and Federal Reserve policymaker commentary for signals on the rate...
Source: NEWSMAX - 🏆 16. / 71 Read more »

Chinese stocks slide as investors maintain caution after US inflation reportChina stocks slide after the overnight United States inflation report.
Source: wjxt4 - 🏆 246. / 63 Read more »