Stock market today: World stocks are mixed ahead of this week's Fed meeting

HONG KONG — World shares were mixed on Tuesday in a busy week that will bring several top-tier reports on U.S. inflation along with a policy meeting of the Federal Reserve.Britain’s FTSE 100 lost 0.3% to 8,205.05 in early trading after government data showed the jobs market is cooling. The unemployment rate from February to April rose to 4.4%, the highest level since September 2021.In Asian trading, Tokyo's Nikkei 225 index gained 0.3% to 39,134.

Companies benefiting from the AI boom are continuing to report big growth almost regardless of what the economy and interest rates are doing., for example, is worth roughly $3 trillion and rose 0.7% Monday after reversing an early-morning loss. It was the first day of trading for the company since a 10-for-one stock split made its share price more affordable to investors, after it ballooned to more than $1,000 amid the AI frenzy.

The last time Fed officials released such projections, in March, they indicated the typical member foresaw roughly three cuts to interest rates in 2024. That projection will almost certainly fall this time around. Traders on Wall Street are largely betting on just one or two cuts to rates in 2024, according to data from CME Group.

-- Wall Street’s most prominent trading desks from JPMorgan Chase & Co. to Citigroup Inc. are urging investors prepare for a stock market jolt this week after the latest inflation print and the Federal Reserve’s interest-rate decision, both of which arrive on Wednesday.

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.

Stock market today: Stocks eye record highs as cooler inflation revives Fed rate cut hopesStocks edged higher on Wednesday as investors digested fresh readings on inflation and consumer spending.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks take leg lower after Fed minutes with Nvidia earnings on deckStocks face two big tests in Nvidia's pivotal earnings report and minutes from the Federal Reserve's last meeting.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks close lower after Fed minutes with Nvidia earnings on deckStocks face two big tests in Nvidia's pivotal earnings report and minutes from the Federal Reserve's last meeting.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stock futures edge higher after biggest wipeout for Dow in a yearRenewed concerns over the path of interest rates had prompted the Dow's worst day since March 2023.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow leads stock market slide as rising Treasury yields rattle nervesA spike in Treasury yields has unsettled investors already weighing whether recent data will shift the needle on interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »