NEW YORK, July 27 — US stock indexes retreated from record highs today ahead of earnings reports from the most valuable companies on Wall Street and in the run-up to the two-day Federal Reserve meeting.
“The markets may be in a sideways, quiet mode until we get some of those results... generally it’s more reactive than it is proactive,” said Randy Frederick, managing director of Trading and Derivatives at Schwab Centre for Financial Research. Frederick said the Fed was likely to stand pat on policy this week but could hint at its plans for tightening during the Jackson Hole Symposium in August.
Of the S&P 500 constituents, 124 companies have reported earnings so far and 88.7 per cent of them have beaten estimates, according to Refinitiv data.
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Wall Street falls from record highs as earnings-heavy week kicks off | Malay MailNEW YORK, July 26 — US stock indexes fell from record highs today as locally listed Chinese firms tumbled on tighter regulations in the mainland, marking a poor start to a week packed with technology earnings and a Federal Reserve meeting. China last week announced sweeping new rules on private...
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Wall Street falls from record highs as earnings-heavy week kicks off | Malay MailNEW YORK, July 26 — US stock indexes fell from record highs today as locally listed Chinese firms tumbled on tighter regulations in the mainland, marking a poor start to a week packed with technology earnings and a Federal Reserve meeting. China last week announced sweeping new rules on private...
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Asian stocks hit 2021 lows on China tech selling, real yields drop before Fed | Malay MailHONG KONG, July 27 — Asian stocks hit their lowest this year today on a third straight session of selling in Chinese internet giants, and real bond yields hit record lows ahead of a Federal Reserve policy meeting. The Hong Kong benchmark fell 4.57 per cent, its third day of declines, with the...
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