The Federal Reserve will have to weigh cross currents when it considers the magnitude of its next rate hike, and an all important indicator is due this week.
After the market mayhem seen last week, some semblance of normalcy could return to Wall Street, thanks to the government’s move to assuage concerns in response to the banking crisis.
Trading in the U.S. index futures suggests stocks could extend their sell-off on Friday, although the jobs report due ahead of the market open could change the entire complexion depending on how the numbers shape up.
Cues From Thursday’s Trading:
Thursday's jobs data suggests the labor market might finally be starting to roll over, but attention is shifting to Friday's non-farm payrolls report, which Fed Chair Jerome Powell flagged this week as key to understanding the
Stitch Fix Inc (NASDAQ: SFIX) is scheduled to report fiscal second-quarter results Tuesday after the bell. Despite being up more than 50% since the start of the year, Stitch Fix shares are still down nearly 55% over a one-year period.
The SPDR S&P 500 ETF Trust (NYSE: SPY) traded slightly higher Monday morning to kick off a big week for investors ahead of Federal Reserve Chair Jerome Powell's two-day testimony to Congress on Tuesday and Wednesday.
The SPDR S&P 500 ETF Trust (NYSE: SPY) snapped a three-week losing streak as investors digested the latest interest rate commentary from Federal Reserve officials.
AMC Entertainment Holdings (NYSE: AMC) shares spiked early in Tuesday's session after the movie theater chain confirmed a partnership with Walmart (NYSE: WMT) to introduce a line of