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.
Regional bank stocks are volatile due to NYCB's disappointing results and concerns about the sector's challenges, particularly in commercial real estate.
Another day of losses shook up Wednesday’s stock trading session on Wall Street.
All major U.S. stock indices in the red, as investors expressed concerns that the Federal Reserve is not in a rush to reduce interest rates early this year.
Prologis Inc (PLD) faces a market dip as Q4 FY23 rental revenue of $1.76 billion falls short of estimates. However, the company's CEO, Hamid R. Moghadam, maintains a positive outlook for 2024, citing growth in core funds from operations and a robust average occupancy of 97.1% in the fourth quarter.