NEW YORK — Wall Street closed higher, breaking a 3-week losing streak, after the head of the Federal Reserve said it will “proceed carefully” as it decides what to do with interest rates. The S&P 500 rose 0.7% Friday after flipping between small gains and losses a few times. The Dow added 247 points, and the Nasdaq composite rose 0.9%.
Wall Street had the speech circled on calendars because it was hoping Powell would say the Fed was done with its hikes to interest rates, which grind down inflation at the cost of slowing the economy and hurting prices for investments. But one word of Powell's stood out in particular to Brian Jacobsen, chief economist at Annex Wealth Management, particularly as it relates to Powell's speech last year at the same Fed event. That 2022 speech caused stocks to fall sharply.
The much higher rates have already sent the manufacturing industry into contraction and helped cause three high-profile U.S. bank failures during the spring. They've also helped to slow inflation, but a string of stronger-than-expected reports on the economy has raised worries that upward pressure remains. That could push the Fed to keep rates higher for longer.
The two-year Treasury, which more closely tracks expectations for the Fed, rose to 5.06% from 5.02% late Thursday. Traders see better than 50% chance the Fed will hike its main interest rate again this year. That's up sharply from just a week ago, according to data from CME Group.
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Stock market today: Tech stocks rally after blowout Nvidia profit, while rest of Wall Street driftsTechnology stocks are jumping in early trading following a blowout profit report from Nvidia, but moves for the rest of Wall Street are more muted. The S&P 500 was 0.3% higher early Thursday, continuing a strong week that has trimmed its loss for August so far.
ソース: CTVNews - 🏆 1. / 99 続きを読む »
Stock market today: Tech stocks rally after blowout Nvidia profit, while rest of Wall Street driftsNEW YORK (AP) — Technology stocks are jumping in early trading following a blowout profit report from Nvidia, but moves for the rest of Wall Street are more muted. The S&P 500 was 0.
ソース: SooToday - 🏆 8. / 85 続きを読む »
Stock market today: Wall Street slips ahead of a highly anticipated speech from the Federal ReserveNEW YORK (AP) — Stocks are slipping on Wall Street Thursday, despite a blowout profit report from one of its most influential companies, after a couple mixed reports on the U.S. economy. The S&P 500 was 0.4% lower in midday trading after flipping from an earlier gain. It's still on track for a winning week, which would trim its loss for what's been a dismal August. The Dow Jones Industrial Average was down 83 points, or 0.2%, at 34,389, as of 11 a.m. Eastern time, and the Nasdaq composite was 0.
ソース: YahooFinanceCA - 🏆 47. / 63 続きを読む »
Stock market today: Wall Street is higher ahead of speech by Fed’s PowellNEW YORK (AP) — Stocks are rising in early trading, but investors will be closely watching a speech by the Federal Reserve Friday morning. The S&P 500 was 0.4% in the early going, coming off its worst loss in three weeks.
ソース: SooToday - 🏆 8. / 85 続きを読む »
Asia stocks track Wall Street rally as treasury yields retreatBy Julie Zhu HONG KONG (Reuters) - Asian shares rallied on Thursday after blockbuster results from tech darling Nvidia boosted Wall Street and a ...
ソース: SaltWire Network - 🏆 45. / 63 続きを読む »