Wall Street Climbs on Earnings and Fed Rate Cut Expectations

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

U.S. stocks were mixed on Thursday as investors waited for the Federal Reserve's decision on interest rates, due later in the day.

U.S. stocks were mixed on Thursday while investors awaited the Federal Reserve's decision on interest rates, scheduled for later in the day.The S & P 500 gained 0.4 percent in early trading, although its momentum slowed significantly after a sharp rise the day before following Donald Trump's presidential victory.The Dow Jones Industrial Average fell 62 points, or 0.1 percent, while the Nasdaq composite rose 0.7 percent.

In contrast, British chipmaker Arm Holdings reported solid earnings but issued disappointing guidance, causing its U.S.-listed shares to drop one percent.Match Group, the parent company of the Tinder app, saw a significant drop, falling 18 percent after missing revenue expectations due to continued underperformance of Tinder.Overseas, London's FTSE 100 was flat after the Bank of England cut its interest rate by 0.25 percent.In Asia, Japan's Nikkei 225 fell 0.

 

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

 /  🏆 468. in İE

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.

5 Wall Street analysts discuss Apple stock outlook after a mixed earnings report5 Wall Street analysts discuss Apple stock outlook after a mixed earnings report
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Asian shares mostly rise after Wall Street climbs on Big Tech gainsAsian shares mostly rose after U.S. stocks closed broadly higher with gains in Big Tech companies offsetting a skid in oil-and-gas stocks. Benchmarks rose in Tokyo, Sydney and Hong Kong early Tuesday, while declining slightly in Seoul and Shanghai. In Japan, the government reported that the unemployment rate stood at 2.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares mostly rise after Wall Street climbs on Big Tech gainsAsian shares mostly rose after U.S. stocks closed broadly higher with gains in Big Tech companies offsetting a skid in oil-and-gas stocks.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares mostly rise after Wall Street climbs on Big Tech gainsAsian shares mostly rose after U.S. stocks closed broadly higher with gains in Big Tech companies offsetting a skid in oil-and-gas stocks.
Source: ksatnews - 🏆 442. / 53 Read more »

Wall Street poised for mixed open; corporate earnings, economic data in focusWall Street poised for mixed open; corporate earnings, economic data in focus
Source: Investingcom - 🏆 450. / 53 Read more »