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Stocks decline as interest rate uncertainty, earnings weigh

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U.S. stocks fell in choppy trading on Wednesday as investors assessed the Federal Reserve's interest rate stance and a batch of soft earnings early in the financial reporting season.

Item 1 of 2 A trader works on the trading floor at the New York Stock Exchange in New York City, U.S., April 5, 2024. REUTERS/Andrew Kelly/File PhotoA trader works on the trading floor at the New York Stock Exchange in New York City, U.S., April 5, 2024. REUTERS/Andrew Kelly/File PhotoNEW YORK, April 17 - U.S. stocks fell in choppy trading on Wednesday as investors assessed the Federal Reserve's interest rate stance and a batch of soft earnings early in the financial reporting season.

"It's just an excuse for traders to kind of move to the sidelines and markets to kind of take a breath after a really, really strong five months of gains."

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Federal Reserve still sees rate cuts for 2024; stocks rally to records on Wall StreetStocks rallied to more records after the Federal Reserve indicated it’s still likely to deliver the interest rate cuts this year that Wall Street craves.
منبع: latimes - 🏆 11. / 82 ادامه مطلب »