Closing Bell 20th March: Energy stocks up as gold takes a breather into FOMC meeting tonight
Closing Bell 20th March: Energy stocks up as gold takes a breather into FOMC meeting tonight
Closing Bell 20th March: Energy stocks up as gold takes a breather into FOMC meeting tonight
Equities finished higher with megacap growth stocks such as Alphabet and Tesla supporting a rebound in technology-heavy Nasdaq while investors also waited anxiously for the U.S. Federal Reserve’s meeting this week.
Equities finished higher led by tech as investors looked ahead to the Federal Reserve meeting and interest-rate outlook this week.
Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.
Equities sold off again on Friday as tech was pressured by rising Treasury yields on jitters the Federal Reserve is likely to stress the need for interest rates to remain higher for longer following data showing inflation continues to run hot.
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Equities sold off overnight as data showing inflation is running hotter-than-expected and signs that the consumer is pulling back weighed on investor sentiment.
Tech stocks drifted lower overnight under the pressure of rising bond yields due to hotter than expected inflation numbers in the previous session increased concerns around Thursdays PPI numbers
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Investors ignored a hotter-than-expected inflation and twisted the narrative to “the consumer is resilient“ and bought the dip in tech stocks.
Tech stocks drifted lower overnight as investors took some profits ahead of US CPI data Tuesday night which will be key in shaping the Federal Reserves next move on interest rates