NEW YORK — U.S. stocks are ticking higher Thursday as Wall Street counts down to what’s supposed to be the main event of the week, a speech by Federal Reserve Chair Jerome Powell coming on Friday.
Treasury yields were also ticking higher in the bond market despite a report showing slightly more U.S. workers applied for unemployment benefits last week than expected. Worries have been rising about the strength of the economy, which has been slowing under the weight of high interest rates meant to get inflation under control.
That’s why so much attention is on Jackson Hole, Wyoming, where Powell will be speaking Friday at an annual economic symposium that’s been home to big policy announcements by the Fed in the past. The hope is Powell will give some clues about how quickly and deeply the Fed may cut rates to ease conditions for the economy.
Agilent Technologies rose 1.9% after delivering both profit and revenue for the latest quarter that topped analysts’ forecasts. CEO Padraig McDonnell said market conditions continued to be challenging for the company, which sells instruments and software for laboratories, but “we saw steady signs of improvement as anticipated.”
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.
Stock market today: Wall Street slightly lower as airlines post earnings ahead of latest GDP reportWall Street leaned toward losses before the opening bell Thursday as more earnings poured in while investors waited for the latest data on how the U.S...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street opens mixed as Big Tech steadies itselfNEW YORK (AP) — U.S. stocks are stanching the bleeding, a day after their worst losses since 2022 led to a wipeout for financial markets circling the world.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Asian stocks track Wall Street gains ahead of central bank meetingsAsian stocks started the week with gains ahead of central bank policy meetings in the United States and Japan, after a broad rally on Wall Street that capped...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street drifts in mixed trading at the start of a frenetic weekNEW YORK (AP) — Stocls are mostly rising at the start of a week full of earnings reports from Wall Street’s most influential companies and a Federal Reserve meeting on interest rates. The S&P 500 was 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street drifts, and crude oil slides ahead of a frenetic weekNEW YORK (AP) — U.S. stock indexes drifted to a mixed close ahead of a week full of earnings reports from Wall Street’s most influential companies and a Federal Reserve meeting on interest rates. The S&P 500 rose 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street tumbles on worries about U.S. economy after weak jobs reportWall Street pointed sharply lower early Friday morning after a worse-than-expected government employment report spooked investors who were already panicked over signs of weakness in the U.S. economy. Futures for the S&P 500 were down 1.
Source: SooToday - 🏆 8. / 85 Read more »