after ratings agency Fitch revised its outlook on the planemaker to"negative" from"stable," while the tech-heavy Nasdaq was lifted by chipmakers.
The European Central Bank meets on Thursday and money markets are pricing in a more than 50% chance of a 10-basis-point cut in interest rates. Federal Reserve officials are set to meet just days later, and are widely expected to lower rates by at least 25 basis points. Hopes of an interest rate cut have helped Wall Street’s main indexes hit record levels this month, recovering from a slump in May caused by a sudden escalation of U.S.-China trade tensions.
About 30% of S&P 500 companies are set to report second-quarter results this week, with overall profits now estimated to rise about 1%, according to Refinitiv IBES data. Chip stocks gained on news that White House economic adviser Larry Kudlow will host a meeting with executives of semiconductor and software companies on Monday to discuss a U.S. ban on sales to China’s Huawei Technologies.
If we were just not a trillion dollars in debt
Thanks to Mr.President! 🇺🇸🇺🇸🇺🇸MAGA2020
Do these big money investors predict fascism taking over the world with Chinese communism as the primary economic engine? Beware the standard propagandistic talking points!
liked for dude's facial expression