Wall St stocks end lower, dollar gains after data; Fed, earnings in the wings

were lower as weak economic data from China and expectations of another Fed interest rate hike on Wednesday outweighed support from OPEC+ supply cuts due this month.

pulled off of a three-year low in April as new orders improved slightly and employment rebounded, but activity remained depressed amid higher borrowing costs and tight credit.increased more than expected in March, boosted by investment in non-residential structures, but single-family homebuilding remained depressed.

"Now May is a done deal and June is in play. Strength in the data does mean the Fed is likely to continue its restrictive policy," said Stucky, who worries that the longer the Fed has tighter policies in place, the harder it will be on the economy.

United States United States Latest News, United States United States Headlines

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

Wall Street wants clarity from Fed meeting and jobs data | CNN BusinessAfter a jam-packed week of earnings, bank drama and mixed inflation data, Wall Street doesn’t have time for a breather just yet.
Source: CNN - 🏆 4. / 95 Read more »

Wall Street Week Ahead: Recession worries simmer beneath US stock market rally By Reuters*WALL ST. WEEK AHEAD: RECESSION WORRIES SIMMER AHEAD OF FED RATE HIKE, U.S. JOBS REPORT AND APPLE EARNINGS $DIA $SPY $QQQ 🇺🇸🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »