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November Interest Rate Cut Almost A Done Deal As Blackout Begins: 10 Stocks Surging The Most Since Fed's Last Decision
Saturday, October 26, 2024 - 8:00am | 939Market participants are almost fully pricing in a rate cut at the Federal Reserve’s Nov. 7 meeting as policymakers enter their customary pre-meeting blackout period, where officials abstain from public commentary leading up to the policy decision. Investors have further bolstered their rate-...
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Wall Street On Backfoot As PPI Print, JPMorgan Earnings Loom: This Strategist Expects Positive Market Performance, But With Muted Returns
Friday, October 11, 2024 - 6:56am | 1320U.S. index futures point to a modestly lower opening on Friday as traders hope for better tidings on the wholesale prices front. Thursday’s slightly hotter-than-expected consumer price inflation data kept sentiment subdued throughout the session before the major averages closed modestly lower...
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Wall Street Gearing Up For Tech-Led Rebound Ahead Of Netflix Earnings: Economist Expects Soft Landing But Says Brace For Bigger Fed Rate Cuts If This Happens
Thursday, July 18, 2024 - 7:34am | 1315Beaten-down stocks could make a comeback on Thursday, with Taiwan Semiconductor Manufacturing Company Ltd.’s (NYSE:TSM) strong quarterly report lifting sentiment toward tech stocks. The major U.S. index futures were mixed ahead of the trading session. A few Fed speeches scheduled for the day...
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Fed Members Cool On Raising Interest Rates: 'These Conditions Could Take Months, And More Likely Quarters To Play Out'
Tuesday, June 18, 2024 - 6:10pm | 1624Members of the Federal Reserve have indicated that they are in no rush to raise interest rates in speeches given on Tuesday. “We’re Clearly On The Backside Of Inflation“ Federal Reserve Bank of Richmond President Thomas Barkin said he needs to see more progress in getting...
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Wall Street On Backfoot As Traders Sweat Over Key Inflation Data: Economist Warns Stock Rally May Stumble If Bond Yield Crosses This Level
Thursday, May 30, 2024 - 7:47am | 1702U.S. stocks are likely to remain weak on Thursday, major index futures indicated, as lower bond yields stayed elevated and mixed earnings dampened sentiment. On traders’ radar are key inflation data from the Federal Reserve, as well as jobs data and a revised quarterly GDP report besides a...
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Stocks Halt Gains, Oil, Treasuries Rally As Investors React to Israel-Hamas Conflict: What's Driving Markets Monday?
Monday, October 9, 2023 - 1:11pm | 1440Markets kicked off the week with heightened volatility due to the ongoing conflict between Israel and the Palestinian militant group Hamas. Israel’s defense minister announced a comprehensive blockade on the Gaza Strip, encompassing even food and water restrictions. Crude oil became the most...
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Stocks Rebound After Booming Jobs Data, Treasury Yields Near 5%, S&P 500 Set To Snap 4 Weeks Of Declines: What's Driving Markets Friday?
Friday, October 6, 2023 - 2:03pm | 1002Wall Street staged a robust rebound Friday, driven by a significantly stronger-than-expected labor market report that reignited investor confidence in the strength of the U.S. economy. Non-farm payrolls rose by 336,000 last month, far outpacing estimates of 170,000, and rising from an upwardly...
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Apple Ban Rattles Tech Stocks, Dollar Soars To 6-Month Peaks: What's Driving Markets Thursday?
Thursday, September 7, 2023 - 1:26pm | 1075Another session marked by uncertainty was gripping the stock market on Wednesday, following reports that China is contemplating a ban on the use of iPhones by public personnel. Shares of Apple Inc. (NASDAQ:AAPL) fell 3% Thursday, after falling 3.6% Wednesday, on track for their second-worst week in...
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US Stocks Drop As Rising Dollar, Treasury Yields, Oil Prices Weigh On Sentiment: What's Driving Markets Wednesday?
Wednesday, September 6, 2023 - 1:22pm | 1235Wednesday is a risk-off session for the U.S. stock market as investors express concern in response to the mounting pressures posed by escalating oil prices and increasing U.S. Treasury yields. WTI-graded crude rose to over $86 a barrel, while the rate-sensitive two-year Treasury yields showcased an...
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Stocks Tumble, Yields Climb As Investors Fear Upcoming Rate Hikes Amid Booming Job Growth: What's Driving Markets Thursday?
Thursday, July 6, 2023 - 1:59pm | 1304Thursday saw heightened risk aversion across markets, with all major U.S. indices losing ground and the VIX volatility Index rising by more than 17%, making it one of the most volatile days of the year so far. The release of a healthy ADP employment number raised investor expectations that the...
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Traders Raise Bets On June Interest Rate Hike As Fed Officials Hints 'We Are Not There Yet': Dollar Strengthens, Treasury Yields Jump
Thursday, May 18, 2023 - 10:53am | 450Dallas Fed President Lorie Logan said Thursday that current data does not support a pause in interest rate hikes yet, leading market expectations for a Fed hike in June to increase again. The implied probability of a fresh rate rise by the Federal Reserve in June is close to 40% now, up...
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Fed Officials Keep Elbow Room For Over 5% Policy Rate On Sticky Inflation: 'Seems To Be Right Kind Of Framing'
Wednesday, February 15, 2023 - 1:54am | 484Federal Reserve officials reportedly said on Tuesday the central bank will have to keep gradually raising interest rates to rein in inflation and suggested sticky price pressures led by a strong jobs market may push borrowing costs higher than they once anticipated. New York Fed President John...
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As FOMC Meet Nears, Here's What Different Fed Officials Think About Rate-Hike Pace
Wednesday, January 18, 2023 - 11:33pm | 555Despite signs of inflation having peaked and economic activity witnessing a slowdown, Federal Reserve officials have reportedly stated they will continue with more rate hikes, with many in favor of taking the top policy rate to 5%. "I just think we need to keep going, and we'll...