Stock Market Today: Gloomy Start to May Ahead of Fed Decision

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

U.S. futures are down as a busy earnings season continues and investors await an interest rate decision from the Fed.

U.S. futures were down Wednesday morning ahead of a decision by the Federal Reserve on interest rates.On Tuesday, the Dow Jones Industrial Average closed out April down 570 points, with the S&P 500 and Nasdaq down 1.6 percent and 2% respectively, marking the worst month of the year so far for equities.Amazon shares jumped in after-hours trading following a sales surge powered by investments in artificial intelligence technology at the company.

Chris Boshoff, chief oncology officer at Pfizer said in a press release that, 'Full approval by the FDA reinforces the important role of Tidvak for these patients, as the first antibody-drug conjugate with statistically significant prolonged overall survival data.'Investors are also anticipating an interest-rate decision from the Fed later on Wednesday, following a two-day policy meeting, and Chairman Jerome Powell's press conference immediately after the rate announcement.

 

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

 /  🏆 468. in ZA

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: April Ends on Sour Note Ahead of Fed DecisionMcDonald's and Eli Lilly reported earnings, while pot stocks soared on news that the White House may reclassify marijuana as a less dangerous drug.
Source: Newsweek - 🏆 468. / 52 Read more »

Stock market today: Global shares mostly rise to start a week full of earnings, Fed meetingGlobal shares are trading mostly higher as investors keep their eyes on potentially market-moving reports expected later this week.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Global shares mostly rise to start a week full of earnings, Fed meetingGlobal shares are trading mostly higher as investors keep their eyes on potentially market-moving reports expected later this week.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares mostly rise to start a week full of earnings, Fed meetingAsian shares are trading mostly higher as investors kept their eyes on potentially market-moving reports expected later this week. Benchmarks rose Tuesday afternoon in Tokyo, Seoul and Sydney, while edging down slightly in Hong Kong and Shanghai. On Wall Street, the S&P 500 rose 0.3%, the Dow Jones Industrial Average climbed 0.
Source: AP - 🏆 728. / 51 Read more »

Stock Market Today: S&P 500 rides Tesla, Apple higher; Fed meeting eyedStock Market Today: S&P 500 rides Tesla, Apple higher; Fed meeting eyed
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flareAsian stocks have tumbled, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights.
Source: ksatnews - 🏆 442. / 53 Read more »