[Chart courtesy of MarketWatch.com] The Dow Jones Industrial Average rose on Tuesday, but it was hardly a cause for celebration. Wall Street was busy digesting the latest earnings reports and the Fed’s reluctance to cut rates anytime soon. The S&P 500 and Nasdaq barely scraped by with positive returns, thanks to some last-minute shopping by bargain hunters. Traders were left …
Stocks And Bonds Go Their Separate Ways After Powell Dashes Rate Cut Hopes
[Chart courtesy of MarketWatch.com] The market had a rough start today as Fed chair Powell poured cold water on the hopes of rate cut seekers. He repeated his hawkish stance in a “60 Minutes” interview last night, saying he needed more proof that inflation was under control before he would consider lowering rates. This sent bond yields soaring and stock …
Stocks Rally As Fed Stands Firm And Banks Struggle
[Chart courtesy of MarketWatch.com] The stock market rose today after a terrible day yesterday, when the Federal Reserve kept interest rates the same but hinted that it won’t lower them in March. That made stocks fall, but they bounced back today as investors decided that the Fed might have made a mistake. The Fed has always said that it would …
Powell Pours Cold Water On Rate Cut Hopes, Tech Sector Sinks
[Chart courtesy of MarketWatch.com] Today was a bad day for tech stocks, as Microsoft and Alphabet dragged down the whole sector with their disappointing performance. Alphabet’s shares fell over 5%, their worst drop since last October, as their ad revenue failed to impress investors despite beating earnings and sales expectations. Microsoft and AMD also lost 1.3% and 4% of their …
Market On Pause As Investors Await Fed And Tech Earnings
[Chart courtesy of MarketWatch.com] The market was in a holding pattern, as investors weighed the latest earnings reports and waited for the Fed’s policy decision. Some stocks shone, while others fizzled. General Motors revved up 7% after beating earnings expectations. F5 and Sanmina also impressed investors with their strong financial results, gaining 2% and 27%, respectively. Whirlpool, on the other …
Market Optimism Ahead Of Tech Earnings And Fed Policy Meeting, But Risks Remain
[Chart courtesy of MarketWatch.com] Wall Street was in a good mood as it awaited the earnings reports of some of the biggest tech giants and the Fed’s decision on interest rates. This week is the peak of the earnings season, with nearly a fifth of the S&P 500 companies revealing their financial performance. The market darlings Microsoft, Apple, Meta, Amazon, …