The New York Stock Exchange in New York. --
“The labour market has been flashing warning signals over the past several months,” said Chris Senyek at Wolfe Research. “History suggests Powell is walking a very fine line on potentially waiting too long to start cutting rates before it’s too late.” The S&P 500 rose to 5,550. The Bloomberg “Magnificent Seven” gauge of megacaps climbed 1.1 per cent. The Russell 2000 of small firms was little changed. Meta Platforms Inc. jumped 10 per cent on a sales beat. Earnings from Apple Inc. and Amazon.com Inc. will be critical to give direction to the Nasdaq 100 after a volatile period.
Commodity trading advisers, or CTAs, cut their equity positions to a two-month low in July, according to Bank of America Corp. Those funds typically use a combination of price-trend signals and volatility to determine allocation. As the stock-market advance hit a snag, CTAs unwound their positions as well.
R1 RCM Inc. will be acquired by TowerBrook Capital Partners and Clayton, Dubilier & Rice for $8.9 billion in an all-cash deal.
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.
Markets today: U.S. stocks up as path to September Fed cut gets widerThe stock market ended the week at all-time highs, with traders looking past signals of a slowdown in the world’s largest economy to focus on prospects for Federal Reserve rate cuts.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Markets today: U.S. stocks up as jobs spur calls for September Fed cutThe stock market headed toward fresh all-time highs, with traders looking past signals of an economic slowdown to focus on prospects for Federal Reserve rate cuts.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Markets today: U.S. stocks and bonds rise as weak data fuel Fed betsWall Street traders sent stocks higher and bonds yields fell as a string of weaker-than-estimated economic data reinforced the case for the Federal Reserve to start cutting rates this year.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Stocks Rally on Fed Cut Hopes, Yen Strengthens: Markets Wrap(Bloomberg) -- Equities in Asia were primed to broadly track US stocks higher Thursday on firming signs the Federal Reserve will soon cut interest rates...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Asian Stocks Eye Early Gains Into BOJ, Fed Week: Markets Wrap(Bloomberg) -- Asian stocks are poised to rise in early trading ahead of a week of key central bank decisions in Japan, US and UK, as well as some big tech...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks rise as Fed-friendly CPI sinks bond yields: Markets WrapStock futures rose and bond yields fell after the latest inflation data reinforced speculation the U.S. Federal Reserve will be able to cut rates this year.
Source: BNNBloomberg - 🏆 83. / 50 Read more »