Wall Street set for mixed open with earnings in spotlight

- U.S. stocks were set for a flat to slightly higher open on Thursday, as investors assessed the latest batch of earnings, while the Federal Reserve dented hopes of interest rate cut.

The Fed signaled little appetite to adjust rates any time soon, taking heart in continued job gains and economic growth and the likelihood that weak inflation will edge higher. “Investors are going to dwell on Powell’s comments. He said there is no need to cut rates anytime soon or indicated that next move might not be a rate cut.”

Under Armour Inc gained 5.7% in premarket trading after the sportswear maker posted strong quarterly earnings and raised its full-year profit forecast, benefiting from stronger demand in overseas markets. Hanesbrands rose 4.5% after the innerwear maker delivered first-quarter profit and sales ahead of analysts’ estimates.

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Apple's stock is surging, but Wall Street analysts thought earnings results were just 'fine'Wall Street analysts see Apple headed in the right direction after its earnings report Tuesday, but were less optimistic than the market. It’s all a game of Smoke & Mirrors. AppleSupport Apple They've stopped caring for customers.. Many like me are facing pathetic attitude of AppleSupport towards their customers. case ID: 100800933452 & Case ID: 20000042499650 Of course, because Wall Street wants to control and manipulate all stocks.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »