, jumped 14.6% in after-hours trading following its latest quarterly earnings, which topped Wall Street’s estimates.slumped 7.5% after it reported a loss that was far worse than Wall Street expected. Chipotle rose 2.6% after reporting solid financial results.The latest round of company earnings reports comes amid lingering concerns about rising inflation and plans from central banks to raise interest rates in order to temper the effect of higher costs on businesses and consumers.
“Everyone is dealing with this sort of whack-a-mole of risks that seems to be getting bigger as days and months go by,” said Katie Nixon, chief investment officer for Northern Trust Wealth Management. The U.S. Federal Reserve is set to aggressively hike rates as it steps up its fight against inflation. The chair of the Fed has indicated that the central bank may hike short-term interest rates by double the usual amount at upcoming meetings, starting next week. It has already raised its key overnight rate once, the first such increase since 2018.
Bond yields have generally been rising throughout the year as investors prepare for higher rates. The yield on the 10-year Treasury rose to 2.83% from 2.77% late Tuesday. Wall Street remains focused on inflation’s path forward amid lingering threats from Russia’s war against Ukraine and the virus pandemic.Natural gas prices surged as much as 24% over the last day in Europe and the euro weakened afterto Poland and Bulgaria. Natural gas and oil prices had already been rising as the pandemic eased and demand increased, but the Russian invasion of Ukraine has added to price increases.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »
مصدر: WBUR - 🏆 274. / 63 اقرأ أكثر »