The New York Stock Exchange is seen, through a window guard, on Tuesday, April 16, 2024 in New York. – Wall Street drifted toward gains before the market open on Tuesday as more corporate earnings come in, giving investors a break from fretting about if and when the Federal Reserve might cut interest rates.
Tesla was on track for a third straight day of declines, falling another 2.6% before the bell. The Elon Musk-run electric car maker posted falling sales in its most recent quarter and announced it was laying off 10% of its workforce Monday. Its shares are down about 35% so far this year. The economy and financial markets are in an awkward phase where such strength raises hopes for growing profits at companies but also hurts prospects forfrom the Federal Reserve. They’re the two main levers that set stock prices, and they’re simultaneously yanking Wall Street in different directions.
“The sky is not blue in China,” Ipek Ozkardeskaya of Swissquote said in a commentary, since such signals hint “that the underlying problems are not going away."
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Wall Street rises ahead of a big week for central banksStocks rose ahead of a busy week for central banks around the world that could dictate where interest rates go next.
Source: latimes - 🏆 11. / 82 Read more »
Stock market today: Asian shares rise after Wall Street rallies to recordsAsian benchmarks are mostly higher after U.S. stocks rallied to records following the Federal Reserve's indication that it expects to deliver interest rate cuts later this year. Japan’s benchmark Nikkei 225 jumped 2.0% to finish at a record high Thursday, after the government reported exports grew nearly 8% in February from a year earlier.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Global shares rise after Wall Street rallies to recordsGlobal benchmarks are mostly higher after U.S. stocks rallied to records following indications from the Federal Reserve that it expects to deliver interest rate cuts later this year.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Global shares rise after Wall Street rallies to recordsGlobal benchmarks are mostly higher after U.S. stocks rallied to records following indications from the Federal Reserve that it expects to deliver interest rate cuts later this year.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: Asian shares are mixed after another Wall Street record dayStocks are mixed in Asia after Wall Street tapped fresh records, led by big gains in chipmakers.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian shares are mixed after another Wall Street record dayStocks are mixed in Asia after Wall Street tapped fresh records, led by big gains in chipmakers.
Source: wjxt4 - 🏆 246. / 63 Read more »