![]() Traders initially began the day bidding prices higher after positive earnings from consumer bellwethers Walt Disney and PepsiCo. Investors seek insight on how companies have fared amid high inflation and how they expect to perform going forward. ![]() On Tuesday, Fed Chair Jerome Powell said that inflation was cooling but there was still a long way to go.Īt the same time, Wall Street is in the middle of earnings season. Investors recently have been monitoring the Fed's commentary as they search for clues on future policy moves following last week's interest rate hike of 25 basis points. ![]() A 3% decline in Meta also dragged on the technology-heavy Nasdaq Composite. Google-parent Alphabet slid more than 4% as investors grew concerned around rising competition in the artificial intelligence space. "Some traders placed bets that the Fed will have to do a lot more tightening than what Wall Street is pricing in." "Wall Street couldn't keep the upbeat mood," said Ed Moya, senior market analyst at Oanda. At session highs, the Dow advanced more than 300 points, while the S&P 500 and Nasdaq Composite were up 0.9% and 1.4%, respectively. The three indexes notched session lows in the final hour of trading. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |