Earnings and Fed Chair Powell will again drive markets in the week ahead

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

An appearance by Federal Reserve Chairman Jerome Powell Tuesday could be among the newsiest events for markets in the week ahead.

With few economic releases and the earnings season starting to wind down, an appearance by Federal Reserve Chairman Jerome Powell Tuesday could be among the newsiest events for markets in the week ahead. The Fed chair is speaking at the Economic Club of Washington D.C. at midday Tuesday. Powell made what were taken as a very dovish string of comments during his media briefing following the Federal Open Market Committee's rate hike announcement Wednesday.

Reports from Apple, Amazon and Alphabet were all released after the closing bell Thursday. While Apple's revenues declined and it missed forecasts , its stock closed higher Friday. The big cap tech company is closely watched by investors since it is the largest company by market capitalization. Its resilience is seen as a positive for the overall market since it has an oversized influence on stock market indices.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

If you take a close look you can see the placenta is still attached to that Mowrey kid

Higher interest rates will have an impact on corporate guidance.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto market cap jumps $40B as Fed chair Powell hints at 'disinflation'Federal Reserve Chair Jerome Powell indicated that the disinflationary process has started in a recent FOMC press conference, with the crypto market cap jumping nearly 4% in the hours following the speech. Great job frenz of sato$hi!!!!!
Source: Cointelegraph - 🏆 562. / 51 Read more »