Nasdaq Futures Climb As Meta, Amazon Gains Offset Apple Slide: Analyst Points to 2 Factors Reinforcing Bullish Outlook This Year
Stock futures are pointing upwards on Friday as traders assess earnings reports from Meta Platforms, Inc.
Mortgage Rates Fall: But Could Fed Pushback On March Rate Cut Dent Homeowner Hopes?
Mortgage rates are highly influenced by the Federal Reserve's decisions, and Powell made it clear that March won't bring enough confidence.
Stocks Recoup Post-Fed Losses As Traders Challenge Powell, Regional Banks Crack, Gold Rises: What’s Driving Markets Thursday?
Wall Street rebounds after Fed meeting with all major indices up, buoyed by earnings & dovish expectations. Probability for March cut at 41%, speculators increase bets for future cuts. Jobless claims up, manufacturing data beats expectations. S&P 500 & Nasdaq 100 gain 0.8%, regional banks suffer.
Markets Believe The Fed Got It Wrong: Rate Cut Reluctance Rattles Investors
Stocks drop after Fed's announcement: no rate cut in March. Tech, consumer goods, small caps hit hardest. Expectations for rate cut in early 2024.
Manufacturing Sector Tops Estimates In January As New Orders Climb, Prices Rise: Why It’s Bad News For Inflation
US manufacturing sector rebounded in January, with strong new orders but rising costs. Business optimism also high, but supply chain issues remain.
Goldman Sachs Pushes Back Fed Rate Cut Timeline After Powell’s ‘Strong Signal’
Goldman Sachs adjusts prediction for first Fed rate cut from March to May following Powell's hawkish stance on inflation and monetary policy.
Russian Oil Hits US Shores Under Sanction-Busting Loophole
Oil was shipped from Russia to the Bahamas prior to the U.S. ban. It was then blended with oil from other destinations, diluting its origin.
Nasdaq Futures Rebound As Traders Eye Apple, Meta, Amazon Earnings: Analyst Flags ‘January Barometer’ That Bodes Well For The Year
After ending January with modest gains, the major averages now look to earnings catalysts to drive momentum, with futures higher in first trading session of February.
Economist David Rosenberg Says Recession Hiding In UPS Earnings: ‘Tough To Buy Into That Q4 Government-Massaged GDP Data’
Government data underlines the resilience of the U.S. economy, although other indicators of growth have flagged concerns.
Powell Chills Investors: ‘I Don’t Think Likely We Will Have A Rate Cut In March’; Stocks Sink In Response
Federal Reserve keeps rates unchanged, signaling a pause in tightening. Rate cuts not yet appropriate until inflation moves sustainably to 2%, Powell says.