(Bloomberg) — The stock market headed toward its highest level in a month, adding to a rebound that’s been fueled by speculation the Federal Reserve will cut interest rates this year. Most Read from Bloomberg Equities rose as higher-than-estimated in jobless claims reinforced bets on Fed policy easing, with the market also climbing after a
By Sruthi Shankar and Shristi Achar A (Reuters) -U.S. stock indexes extended last week’s gains on Monday as investors saw a greater chance of the Federal Reserve cutting interest rates this year following softer-than-expected payrolls data on Friday. The benchmark S&P 500 and the tech-heavy Nasdaq were trading at three-week highs after data on Friday
US stocks surged on Friday, as upbeat earnings from Apple (AAPL) lifted spirits and a weaker-than-expected jobs report revived bets that the Federal Reserve could cut interest rates sooner than thought. The Dow Jones Industrial Average (^DJI) jumped 0.9%, or about 350 points, while the S&P 500 (^GSPC) rose 0.8%. The tech-heavy the tech-heavy Nasdaq
Donald Trump’s agenda includes a range of policies that could create new inflation pressures in the years ahead. The emerging debate among economists is exactly what those price effects would be if he wins. Trump’s ambitious plans include 60% tariffs on Chinese goods and 10% duties on other global trading partners. He is also promising
The Federal Reserve left interest rates unchanged on Wednesday and reiterated plans to hold rates steady, noting there has been a lack of further progress on inflation returning to its 2% target. The central bank voted to keep its benchmark interest rate in a range of 5.25%-5.50%, a 23-year high, at the conclusion of its
By Chibuike Oguh NEW YORK (Reuters) -U.S. stocks ended higher on Monday, with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say about the interest rate outlook after its policy meeting this week. Traders expected the Fed to keep rates unchanged while striking a hawkish
Stocks rebounded from their recent slump on Monday, but some bearish Wall Street strategists still see concerns that aren’t going away anytime soon for investors. With expectations that the Federal Reserve will cut interest rates fading, signs of inflation remaining sticky, and stocks still trading at higher-than-average valuations, many believe the market is in a
Stocks rose in what seemed like a straight line over the first three months of 2024 as the S&P 500 (^GSPC) notched its best first quarter return in five years. Since the start of April, it’s been a different story. The S&P 500 has dropped nearly 4% this month as investor hopes that the Federal
The Federal Reserve on Wednesday held interest rates steady and made no changes to its forecast that it will be necessary to cut rates three times in 2024. The central bank’s benchmark interest rate remained in a range of 5.25%-5.50% at the conclusion of its latest policy meeting on Wednesday, the highest since 2001. While
(Bloomberg) — Bond investors who were once convinced that the Federal Reserve would start cutting interest rates this week are painfully surrendering to a higher-for-longer reality and a murky path forward for the market. Most Read from Bloomberg Treasury yields spiked in recent days and are on the cusp of setting new highs for the