News Formal

Stock market news today: Nasdaq heads for big January gain

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Malaysia News News

Stocks edge higher as investors wrap up strong January ahead of Fed decision and high-profile earnings

Stocks edged higher Tuesday as investors wrap up gains in January with a fresh batch of earnings reports ahead of the Federal Reserve's next decision to raise interest rates.

Wall Street's major equity indexes were set to log advances at the start of 2023 after last year's run into a bear market. The Nasdaq Composite was leading the charge with a potential gain of nearly 9% for the month. Stocks bulked up before the Federal Reserve issues on Wednesday what's likely to be its eighth consecutive rate hike, but one that downshifts to a pace of 25 basis points.

Among Tuesday's individual movers, General Motors rose on upbeat guidance from the car maker while Pfizer fell after the drug maker cut its 2023 sales outlook. Meanwhile, tech giants Apple, Amazon and Alphabet report later this week.

 

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:

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Morgan Stanley’s Mike Wilson warns the stock market’s January rally could end this weekA surprisingly good start for the U.S. stock market in 2023 is likely to fade this week as the Federal Reserve is set to announce its eighth consecutive rate... The Crystal ball is out again 😉
Source: MarketWatch - 🏆 3. / 97 Read more »