U.S. stocks gained momentum on Friday after new inflation data alleviated fears of rate cut delays, buoyed by stronger-than-expected earnings from tech giants Microsoft and Alphabet. PCE data in line with estimates Data released Friday showed that the personal consumption expenditures (PCE) price index rose 0.3% from March, as expected. In the 12 months through […]

U.S. stocks fell sharply on Thursday, weighed down by signs of slowing economic growth and disappointing second-quarter forecasts from technology giant Meta Platforms (META). U.S. GDP growth in the first quarter disappoints The U.S. economy grew by 1.6% in the first quarter on a year-over-year basis, according to data released on Thursday. This growth marks […]

U.S. stocks mostly rose on Wednesday, bolstered by positive results from Tesla, one of the market’s largest technology companies to report its first-quarter performance early. Wall Street buoyed by tech companies’ rally ahead of results from big names Tesla (TSLA) shares rose 12%, rebounding from a 15-year low hit earlier in the week, after the electric vehicle maker […]

U.S. stocks are pointing to a rally on Tuesday as investors digest a flurry of quarterly earnings ahead of the release of results from some of the country’s most prominent tech companies later in the week. The easing of concerns about a major conflict in the Middle East, following Iran’s lack of immediate response to Israel, has […]

Federal Reserve Chairman Jerome Powell indicated that interest rates could remain high for a while longer, although stock market futures point to a positive opening on Wall Street. Inflation in the United Kingdom has fallen again, while chipmaker ASML announced strong sales in China. Federal Reserve Chairman’s speech  The possibility that the Federal Reserve (Fed) […]

U.S. stock index futures are trading mixed on Tuesday, with investors monitoring ongoing geopolitical tensions in the Middle East, rising bond yields, and the active quarterly earnings season. Wall Street’s major indexes posted significant losses on Monday, extending last week’s declines, as a series of bearish signals prompted investors to take profits following the strong […]

U.S. stocks rallied on Monday, showing signs of recovery after last week’s significant losses, supported by strong earnings from banking giant Goldman Sachs. In today’s trading, the Dow Jones Industrial Average was up 1%, while the S&P 500 was up 0.8% and the NASDAQ was up 0.5%. Goldman Sachs attracts attention with its profits Wall […]

U.S. stocks fell on Friday after disappointing results from several of the country’s major banks raised uncertainty about the strength of the upcoming earnings season.  U.S. stock markets fell after big banks disappointed with their quarterly results. The major banks presented their results Shares of JPMorgan Chase (JPM) fell nearly 4% after the banking giant […]

The U.S. core inflation index beat estimates for the third consecutive month, a persistent sign of price pressures that will likely delay any interest rate cut by the Federal Reserve (Fed) until later this year. The underlying consumer price index, which excludes energy and food, rose 0.4% from February, according to data released by the […]

Federal Reserve (Fed) policymakers continue to express their stance on possible interest rate cuts in anticipation of the release of key inflation-related data. Taiwan Semiconductor Manufacturing has hit new highs, while HSBC has seen its shares fall after selling its Argentina unit. Here are the five most important issues to watch for this Tuesday, April 9. […]