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

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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

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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

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Stock Rally Stalls at Start of Data-Packed Week: Markets Wrap

Stock Rally Stalls at Start of Data-Packed Week: Markets Wrap

(Bloomberg) — The stock market lost steam near record highs as traders braced for a barrage of economic data and remarks from Federal Reserve speakers that will help shape the outlook for interest rates. Most Read from Bloomberg Wall Street is also keeping a close eye on how the market absorbs heavy Treasury and corporate sales amid month-end positioning. US yields rose after Monday’s auctions of two-year and five-year government notes. Meantime, blue-chip companies are expected to sell… Source link

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Stocks rise as S&P 500 hits fresh record to kick off earnings-packed week

Stocks rise as S&P 500 hits fresh record to kick off earnings-packed week

US stocks edged higher Monday, with the S&P 500 notching another record close as investors braced for a busy week packed with Big Tech earnings updates, a Federal Reserve rate decision, and the crucial US jobs report. The Dow Jones Industrial Average (^DJI) drifted 0.6% higher, while the S&P 500 (^GSPC) rose 0.8% to build on last week’s wins for the indexes. The tech-heavy Nasdaq Composite (^IXIC) gained over 1%. With five of the “Magnificent Seven” tech companies set to report earnings, it Source link

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US stocks make muted start to earnings-packed week

US stocks make muted start to earnings-packed week

US stocks were little changed on Monday as investors braced for a busy week packed with Big Tech earnings updates, a Federal Reserve rate decision, and the crucial US jobs report. The Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) drifted just above the flatline, getting off to a muted start after the major stock gauges notched weekly wins. The tech-heavy Nasdaq 100 (^NDX) ticked higher. With five of the “Magnificent Seven” tech companies set to report earnings, it looks like a… Source link

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Boeing drags down Dow to start 4-day trading week

Boeing drags down Dow to start 4-day trading week

Small caps have been all the rage on Wall Street over the past two months. In fact, according to Bank of America’s latest fund managers survey, investors haven’t been this bullish on small caps in almost three years. The survey conducted from Jan. 5-11 revealed investors see large-cap companies underperforming small-cap companies in the next 12 months for the first time since June 2021. A chart from Bank of America shows sentiment around large caps outperforming small caps has deteriorated in… Source link

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