U.S. stocks turned lower Wednesday, threatening to snap a winning streak that’s pushed the S&P 500 index up more than 6% over seven days.
New York Fed President John Williams is giving the keynote speech at that conference at 1:40 p.m.; Fed Vice Chair for Supervision Michael Barr speaks at the NAHB conference at 2 p.m.; and Fed Vice Chair Phillip Jefferson makes the closing remarks at the research conference at 4:45 p.m. Driving the advance was a sharp fall in implied borrowing costs after last week’s Federal Reserve statement, and soft October jobs data bolstered hopes that interest rate cuts could soon be on the horizon, according to Derren Nathan, head of equity research at Hargreaves Lansdown.
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.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »