Manufacturing Activity Gauge Contracts Again In April: Commodity Costs Hit Producers
The ISM Manufacturing PMI declined from 50.3% to 49.2%, marking a decrease of 1.1 percentage points decline and missing expectations of 50%.
“Schumer Says DEA Marijuana Rescheduling Decision Is ‘Historic,’ But He Remains ‘Strongly Committed’ To Passing Banking And Legalization Bills” – Marijuana Moment
https://www.marijuanamoment.net/schumer-says-dea-marijuana-rescheduling-decision-is-historic-but-he-remains-strongly-committed-to-passing-banking-and-legalization-bills/Senate Majority Leader Chuck Schumer (D-NY) says
Stocks Dive On Fears Of Hawkish Fed; Treasury Yields Rise, Bitcoin Tumbles To $60,000: What’s Driving Markets Tuesday?
Investor apprehension grips Wall Street with major indices showing midday losses on Tuesday in New York trading, ahead of the Federal Reserve’s potentially hawkish pivot in Wednesday’s meeting.
US Home Prices Rocket In February For Strongest One-Month Increase In 2 Years: Real Estate Stocks React
Home prices defied high mortgage costs and surpassed expectations with a 1.2% month-over-month growth, the largest increase since Apr 2022.
US Treasury To Borrow $243B More This Spring: Dollar Climbs, Stocks Trim Gains
U.S. Treasury expects to borrow $243 billion in Q2 2023, $41 billion more than previous estimate. Market reactions include rise in yields and dollar.
Japan Intervenes To Support Struggling Yen: Why Did It Trigger Nikkei 225 Dip? 4 Charts To Watch
The Bank of Japan intervened to boost the weakening yen, causing it to recover 3% before falling to 156.80. This negatively impacted Japanese equities.
Strong Quarterly Earnings Fuel Market Optimism Despite Inflation Concerns, Slowing Economic Growth: This Week In The Market
Tech stocks, as tracked by the Invesco QQQ Trust, experienced their best week in 2024. Energy stocks, this year's best performers, faltered.
Tech Stocks Rebound As Magnificent 7 Roar On Strong Earnings, Energy Giants Tumble: What’s Driving Markets Friday?
Strong earnings reports from Alphabet Inc. (NASDAQ:GOOGL) and Microsoft Corp. (NASDAQ:MSFT) have restored positive sentiment in the market, sweeping away fears of increasing risks of stagflation that had
“Israel Warns Egypt: “Last Chance” For Hostage Deal Before Rafah Invasion” – Axios
https://www.axios.com/2024/04/26/israel-hamas-egypt-hostage-deal-rafah-invasion-gaza Israeli officials told their Egyptian counterparts on Friday that Israel is ready to give hostage negotiations "one last chance"
Fed’s Inflation Report Looms This Friday: What Makes It So Crucial For Markets?
Investors await release of PCE report, a key inflation metric. Concerns mount about resurgence of inflation as GDP and core PCE prices rise.