Stock market today (April 30, 2024): Asian shares mostly rise to start a week full of earnings, Fed meeting

Asian shares mostly rose Tuesday, as investors kept their eyes on potentially market-moving reports expected later this week.

On Wall Street, the S&P 500 rose 16.21 points, or 0.3%, to 5,116.17, coming off its best week since November. The Dow Jones Industrial Average added 146.43, or 0.4%, to 38,386.09, and the Nasdaq composite gained 55.18, or 0.3%, to 15,983.08. The stock market will need such strength following a shaky April. The S&P 500 fell as much as 5.5% during the month as signals of When the Federal Reserve announces its latest policy decision Wednesday, no one expects it to move its main interest rate, which is at its highest level since 2001. Instead, the hope is that the central bank could offer some clues about when the first cut to rates could come.

But Fed Chair Jerome Powell could offer more color in his news conference following the central bank’s decision. He suggested earlier this month that rates may stay high for longer because the Fed is waiting for more evidence that inflation is heading sustainably down toward its 2% target.

Portugal Últimas Notícias, Portugal Manchetes

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

Stock market today (April 25, 2024): Asian benchmarks mostly slide as investors focus on earnings📈🌏 Stock markets in Asia saw declines as investors eagerly anticipate global earnings updates, particularly from tech giants dubbed the 'Magnificent Seven.' The Bank of Japan's monetary policy meeting is also in focus. Will the strong earnings season restore market confidence? Know more about the market trends and upcoming reports.
Fonte: BusinessMirror - 🏆 19. / 59 Consulte Mais informação »

Stock market today (April 23, 2024): Asian stocks track Wall Street gains ahead of earnings reportsHONG KONG — Asian benchmarks extended gains Tuesday after U.S. stocks clawed back a chunk of their losses from last week, which was the worst for the S&P 500 in more than a year, while the yen weakened further to fresh 34-year lows. U.S.
Fonte: BusinessMirror - 🏆 19. / 59 Consulte Mais informação »