Stocks rise after Fed rate decision, Powell press conference

NEW YORK, May 1 - U.S. stocks initially wavered but rose on Wednesday after the U.S. Federal Reserve left its key interest rate unchanged, as expected, but indicated that its next move will probably be to cut rates.The Federal Open Markets Committee concluded its two-day monetary policy meeting with a unanimous decision to let the Fed funds target rate stand at 5.25%-5.50%.

At a press conference, Chair Powell said the central bank remains committed to its 2% inflation target and that the labor market was normalizing, citing data released on Wednesday showing job openings dropping to a three-year low. Among individual companies, Advanced Micro Devices , opens new tab shed 7.4% after its disappointing artificial intelligence chip sales forecast, while Super Micro Computer , opens new tab slid 11.0% following the company's quarterly revenue miss.Amazon.com , opens new tab rose 4.5% on better-than-expected quarterly results as interest in AI helped drive cloud-computing growth.

CVS Health , opens new tab plunged 16.9% after the healthcare company's earnings fell short of consensus and it slashed its annual profit forecast.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Stock market today: Stocks rally after Fed decision as Powell soothes rate nervesFed day arrives with the focus on what clues Powell will offer to the chances for rate cuts this year.
منبع: YahooFinanceCA - 🏆 47. / 63 ادامه مطلب »

Stock market today: Stocks end mixed in volatile session after Fed decision, Powell commentsFed day arrives with the focus on what clues Powell will offer to the chances for rate cuts this year.
منبع: YahooFinanceCA - 🏆 47. / 63 ادامه مطلب »

Markets today: U.S. stocks rebound after data with eyes on PowellThe stock market rebounded as the latest set of economic data did little to alter bets the Federal Reserve will deliver rate cuts this year, following recent concern that the central bank would delay policy easing.
منبع: BNNBloomberg - 🏆 83. / 50 ادامه مطلب »