Tag Archives: week

What to know this week

What to know this week

The major US stock indexes have backed off record highs ahead of the Federal Reserve’s all-important March meeting. On Wednesday, that tension will finally resolve. The US central bank is set to release its latest monetary policy decision and updated economic projections at 2:00 p.m. ET on Wednesday afternoon, with investors looking for an answer to one key question: does the Fed still think it will cut rates three times in 2024? Recent data showing inflation hasn’t dropped as fast as expected… Source link

Read More »

What to know this week

What to know this week

Stocks finished the week lower after a sell-off in tech led the markets lower Friday as the tech-heavy Nasdaq Composite (^IXIC) led the losses for the week, falling more than 1%. Still, the equal-weighted S&P 500 logged a weekly gain for the 7th-straight week as investors continue to look outside the “Magnificent Seven” tech leaders to power the next leg of the market rally. In the week ahead, investors will face the final major test before the Federal Reserve’s March 20 meeting when the… Source link

Read More »

What to know this week

What to know this week

The stock market keeps hitting new record highs. The S&P 500 (^GSPC) and Nasdaq (^IXIC) both ended last week at their highest levels ever. The S&P 500 has now risen for 16 of the last 18 weeks for the first time since 1971, according to research from Deutsche Bank. This week, Federal Reserve Chair Jerome Powell’s testimony on Capitol Hill and the February jobs report will put the stock market’s roaring rally to the test. Updates on economic activity in the services sector and job openings are… Source link

Read More »