Mary Daly

Risk aversion returned on Thursday as stocks retraced their gains from Wednesday. Traders are now closely monitoring the eagerly anticipated non-farm payrolls data set to be unveiled by the Bureau of Labor Statistics on Friday. By midday trading in New York, not a single S&P 500 sector...

Wall Street is in the green on Friday, showing gains across major U.S. equity indices following significant losses on Thursday. Notably, the technology sector is leading the way, capitalizing on a retreat in Treasury yields. This positive momentum is occurring despite hawkish comments from Federal...

The stock market experienced a negative start to the week, with investors remaining fairly cautious ahead of Wednesday’s inflation report. Large tech stocks traded in the red, likely hit by weaker-than-expected inflation data in China overnight, with Amazon.com, Inc. (NASDAQ:AMZN) falling 2.3...

U.S. Senate Commerce Committee Ranking Member Ted Cruz (R-Texas) and House Judiciary Chairman Jim Jordan (R-Ohio) sent a bicameral letter to Federal Reserve Bank of San Francisco President Mary Daly on Tuesday, demanding immediate answers on Silicon Valley Bank's collapse. What Happened: "The San...

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 2023 stock market rebound ran out of steam in February after the...

Federal Reserve officials have reportedly said fresh inflation data scheduled to be released on Thursday will help them decide whether the pace of interest rate hikes could be slowed, at the upcoming FOMC meeting, to just a 25 bps increase instead of the larger increases seen for most of last year...

Federal Reserve Bank of San Francisco President Mary Daly gave a welcomed boost to the markets Friday, substantiating recent criticism that the Fed is raising rates too quickly by saying while more tightening is needed, the Fed can easily find itself overtightening. While Daly said slowing rate...

The SPDR S&P 500 ETF Trust (NYSE: SPY) has rallied 3.2% in the past five days as investors seem to be taking an increasingly bullish tone toward the health of the U.S. economy, particularly on the inflation front. However, hawkish remarks from Federal Reserve officials this week suggest...