News Formal

U.S. stocks give up rally above key mark after Fedspeak - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 50%

Россия Новости Новости

A rally in stocks fizzled out after two Federal Reserve officials signaled that interest rates could top 5 per cent, throwing some cold water on traders who saw a peak below that mark.

The S&P 500 failed to stay above the key 3,900 level, erasing an advance that reached almost 1.5 per cent earlier in the session. The Dow Jones Industrial Average underperformed, while the Nasdaq 100 remained higher thanks to gains in big tech, with Tesla Inc. surging about 6 per cent. The dollar pared losses.

Investors also awaited Thursday’s U.S. CPI report that will come out almost a week after the latest jobs data showed that wage growth has decelerated. The figures will be among the last such readings policy makers will see before their Jan. 31-Feb. 1 gathering. Morgan Stanley’s Michael Wilson said that while investors are generally pessimistic about the outlook for economic growth, corporate profit estimates are indeed still too high. That suggests the S&P 500 could fall much lower than the 3,500 to 3,600 points the market is currently estimating in the event of a mild recession, he said.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 83. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

U.S. stocks extend risk rally on China; dollar weakens - BNN BloombergStocks extended global gains in risk assets, driven by China's reopening trade and expectations of slower rate hikes. The dollar weakened and oil rallied.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »

The Week Ahead: Earnings from Aritzia, RBC’s Canadian Bank CEO Conference - BNN BloombergA look at what investors will be watching in the upcoming week.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »