Rates and Earnings Take Center Stage
Ahead of the highly anticipated July FOMC meeting, earnings reports are being scrutinized for insight into the impact of US-China trade dispute in the latest quarter.
US Stocks Soar to Record Highs
The Dow Industrials, S&P 500 and Nasdaq Composite Index rallied to end a historic week with new closing highs. Federal Reserve rate cut expectations strengthened on the heels of Powell's testimony.
Fed Commentary Pushes Equities Higher
Testimony by Fed Chair Jerome Powell extended the rally in the U.S. equity averages. As the July FOMC meeting approaches, rate cut expectations propelled the Dow and S&P 500 to close at record highs.
Fed Rate Cut Bets Tempered
All eyes are on the Federal Reserve ahead of Jerome Powell's testimony before the House Financial Services Committee and the Senate. The countdown to the July FOMC meeting continues with aggressive rate cut expectations moderating on the heels of the U.S. jobs report.
U.S. Stocks Retreat on Strong Jobs Report
The broader market pulled back as the U.S. employment report showed strength in confirm payrolls. Ahead of the July FOMC meeting, the spike in NFP tempered expectations for the number of rate cuts on the horizon.
Trade Optimism Fades on Fresh Tariff Risk
Uncertainty surrounding the prospect of a U.S.-China trade deal and a fresh threat of tariffs on Europe kept investors on their toes. The Trump administration proposed placing tariffs on an additional $4 billion of E.U. imports.
Wall Street Hits Record Highs
U.S. stocks advanced with the Dow Industrials and S&P 500 notched record levels. Global monetary policy expectations boosted equities and pulled bond yields lower.
Fed Reserve Rate Signal Awaited
The Federal Reserve kicked off its June policy meeting with the rate decision widely expected to bring no change in rates. The FOMC statement will be scrutinized for the word "patient" and whether it will be replaced with alternative language.
Jobs Report Stirs Fed Rate Cut Expectations
The Labor Department's jobs report reflected a cool-off in hiring for U.S. nonfarm payrolls in May. The economy also created far fewer jobs in March and April, raising expectations of the Federal Reserve slashing interest rates this year.
Big Tech Under Regulatory Scrutiny
U.S. regulators and politicians are scrutinizing the major technology giants to investigate whether the juggernauts have too much power.
Positive News Could Send the Market Ripping...
Danielle Shay, Director of Options and Trader Specialist at Simpler Trading, discusses global fundamentals and considers signals from the key industry groups and sectors that may indicate the end to the market correction.
Global Payments Acquires Total System
Global Payments is merging with Total System Services in a $21.5 billion deal. Alibaba is considering a secondary share listing on the Hong Kong Stock Exchange.
UK PM Theresa May Resigns
The GBP advanced and the FTSE 100 held its gains after U.K. Prime Minister Theresa May announced her resignation.
Chipmakers Rebound as Huawei Ban Delayed
The White House announced a temporary exemption to its export blacklist against Huawei Technologies. Shares of chipmakers advanced on the trade war reprieve.
Wall Street Seesaws on Trade Tensions
The major U.S. equity benchmarks logged weekly losses amid worries that remained over U.S.-China trade tensions. Losses were pared as the University of Michigan's consumer sentiment index hit a 15-year high.
Earnings Boost Blue Chip Stocks
U.S. stocks got a lift from better-than-expected earnings reports from blue chip companies. Gyrations on U.S.-China trade uncertainty continued to move the broader indexes
Wall Street Recovers Some Losses
U.S. stock averages were on track for the worst weekly performance in 2019. Despite paring session losses, equities bore the brunt of uncertainty as the U.S. and China ended trade talks without an agreement.
U.S. Chipmakers Down on Tariff Woes
The broader market fell on trade tensions. Concerns about the implications of higher tariffs dragged chipmakers lower.