Traders work on the floor of the New York Stock Exchange during morning trading on November 01, 2023 in New York City. Stocks opened up slightly high amid Federal Reserve Chairman Jerome Powell's news conference and a decision on interest rates.Information technology was the biggest declining S&P 500 sector for the day, falling more than 2%. Meanwhile, energy advanced 2.7%, and financials and utilities were up roughly 1%. Dow member JPMorgan Chase gained 1.
Stocks are coming off a record-setting week, with the S&P 500 and Nasdaq notching fresh all-time highs as Wall Street heads into the final week of June and the end of the first half of 2024.Dow on pace for negative quarter There are multiple scenarios left to play out, with each in "the realm of reasonable," she added. They include a slow decline in inflation that would require a higher-for-longer approach on interest rates; a faster decline that would necessitate cuts, or a "gradual decrease and a rebalancing in the labor market, which would mean "we can normalize policy over time, as many expect.
Ryan McKay, senior commodity strategist at TD Securities, said supply risks are now back in focus as tensions are building on the Israel-Lebanon border. Israel and the Iran-backed militia group Hezbollah have tradedFurther signs of weakness in large tech stocks could spur a rash of selling by some large trading firms, according to Bank of America.
The price of the flagship cryptocurrency was last down 5% at $60,724.45, according to Coin Metrics. It's on pace to end the month lower by 10%.Deutsche Bank thinks equities could be headed for a slight breather as a multitude of negative catalysts coalesce. With Monday's intraday losses, the chipmaker sits about 10% below its closing high and more than 15% off of its intraday high from earlier this month.to become its own public company in late 2022. The Charlotte-based company paid more than $1 billion to UPS, whose shares traded up by around 2%.A farmers holds cocoa beans while he is drying them at a village in Sinfra, Ivory Coast, on April 29, 2023.is down almost 11% to a low of $7,901 per tonne.