Federal Reserve Chair Jerome Powell said on Tuesday recent inflation data has not given policymakers enough confidence to ease credit soon, noting that the U.S. central bank may need to keep rates higher for longer than previously thought.
The technology and healthcare sectors were the biggest supports for the S&P 500, while real estate was the biggest drag on the index. A report on Monday showed retail sales grew more than expected in March, a sign of U.S. economic resilience that helped push benchmark U.S. 10-year Treasury yields to five-month highs on Tuesday.
Bank of America dropped after the lender posted lower first-quarter profits as its loan loss provisions grew.
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:
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.
US stocks end mixed on rising Treasury yields, Middle East jittersUS stocks end mixed on rising Treasury yields, Middle East jitters
Source: Investingcom - 🏆 450. / 53 Read more »
Mixed Performance in Asian Stocks as Japanese Markets Rebound, Chinese Stocks FallAsian stocks were a mixed bag on Monday as Japanese markets rebounded from sharp losses seen last week, while Chinese stocks fell amid renewed concerns over the country’s property market.
Source: Investingcom - 🏆 450. / 53 Read more »
Stock market today: Global stocks are mixed as investors wait for US inflation updateEuropean equities have dipped in early trading while Asian stocks closed mostly higher, with investors mainly focusing on a U.S. inflation report and what it means for interest rate cuts by the Federal Reserve.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Global stocks mixed after strong US factory data prompt Wall St retreatAsian shares are mixed after Wall Street retreated as surprisingly strong U.S. manufacturing data cast doubts over how soon the Federal Reserve might cut interest rates. Hong Kong gained 2.4%.
Source: AP - 🏆 728. / 51 Read more »
European stocks head for mixed open as Wall Street rally takes a breatherEuropean markets are heading for a lackluster open Tuesday as investors continue to ponder central bank policy decisions in Europe and the U.S. from last week.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »