Wall Street drifts as oil prices rise and Oracle weighs on tech stocks

  • 📰 latimes
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 82%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Stocks are drifting as Wall Street waits for reports coming this week on the economy and Big Tech companies.

The Justice Department will try to prove Google has been abusing the power of its search engine to stifle competition in ways that discouraged innovation.Several strong reports on the economy recently have allayed worries about a painful recession, defying long-held predictionst. But they also may be adding more fuel to pressures keeping inflation high, which could push the Fed to keep rates higher for longer.

Such hopes have professional fund managers globally feeling less pessimistic about stocks. They’re investing more in stocks than they have in the past 17 months, according to a survey by Bank of America, though they’re not going all-in and continue to keep a significant chunk of their portfolios in the safety of cash.

Six out of 10 fund managers say the Fed is done hiking rates, investment strategists led by Michael Hartnett wrote in a BofA Global Research report. In July, nine out of 10 fund managers were saying the opposite, that the Fed was not done. Several reports coming up this week could sway the Fed’s thinking. On Wednesday will come the latest monthly update on prices that U.S. consumers are paying across the country.

Economists expect it to show that prices were broadly 3.6% higher last month than a year earlier. Inflation has been mostly cooling since peaking above 9% last summer, but economists warn the last bit of improvement may be the most difficult to win.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 11. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Amazon, Alphabet, Meta and 12 More Stocks Wall Street Loves for 2024Barron's looked for the most popular stocks in the S&P 500 based on analyst ratings that also have rising 2024 earnings estimates.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Oracle stock slumps, Apple shares steady and other stocks on the moveApple, WestRock and Oracle are the stocks in the spotlight.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

These Stocks Are Moving the Most Today: Oracle, Apple, Tesla, WestRock, Acelyrin, and MoreOracle's revenue outlook disappoints, Apple kicks off its annual fall launch event, Tesla falls a day after surging 10%, and WestRock signs an agreement to...
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Stocks making the biggest moves premarket: Oracle, WestRock, Apple and moreThese are the stocks posting the largest moves in premarket trading.
Fonte: NBCLA - 🏆 319. / 59 Consulte Mais informação »