The market will watch for Jerome Powell to let slip any clues to the chance of a rate cut when he speaks later, after the Fed chair stayed quiet on monetary policy at his appearance Wednesday.clawed back some lossesTech continues to lead as stocks waverThe recent rally showed signs of broadening out, with interest rate sensitive areas of the market like real estate and small caps rallying last week, but those trends have partly reversed in the past three trading sessions.
"I would much prefer to see high beta small caps, financials, act better," Lerner said."It just in general is typically a more healthy broad market. And if one area goes down, there's another area to pick it up." AMC's $0.09 earnings per share loss was narrower than the $0.20 loss that the Street had expected while the company's revenue came in at $1.41 billion, above estimates for $1.26 in revenue.Hollywood actors reached a tentative agreement with studios on Wednesday to end its 118-day strike — the longest in its history.
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Stock market news today: Stocks waver as S&P 500 eyes ninth day of gainsEyes are on Fed Chair Jerome Powell's second appearance this week as policymakers send mixed messages on strategy.
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Stock market news today: Stocks lose steam as Wall Street puzzles over FedEyes are on Fed Chair Jerome Powell's second appearance this week as policymakers send mixed messages on strategy.
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Stock market news today: Stocks extend win streak as investors cling to Fed rate excitementInvestors are weighing whether the Fed is really done hiking as policymakers speak out.
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Stock market news today: Stocks tread water with Fed's Powell on deckInvestors are on high alert for Chair Jerome Powell's comments after several hawkish Fed speakers put a check on spirits.
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Stock market news today: Stocks tread water after week long rallyInvestors digested corporate earnings as stocks looked to extend their longest stretch of daily gains in about two years.
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Premarket: World stocks stutter, U.S. dollar firmer as spotlight turns to Fed chiefMarkets wait to see if Fed chair Jerome Powell will push back against rate-cut speculation during remarks on Wednesday
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