Stocks drifted sideways overnight as the minutes from the Federal Reserve’s January meeting was uneventful, broadly confirming investor expectations for an extended pause on rate cuts.
Stocks squeezed out a record high overnight, marking a positive start to the holiday-shortened week as investors adopted a “wait-and-see” attitude, ahead of the Federal Reserve’s January meeting minutes and upcoming retail earnings reports.
ASX Slips as Property and Energy Stocks Weigh on Market
The S&P/ASX 200 fell 0.5% (42.7 points) to 8,494.40 on Tuesday, driven by declines in property and energy stocks. The Australian dollar eased to US63.44¢ after reaching a two-month high on Monday.
Stock closed just shy of record Friday as data pointing to weakness in the consumer and ongoing inflation concerns weighed upside momentum
Stock closed higher overnight after President Donald Trump signed an order to explore reciprocal tariffs on U.S. trading partners, but stopped of implementing the measures immediately as some had feared.
Stocks ended down overnight after a hotter-than-expected U.S. inflation reading added to worries that the Federal Reserve would not cut interest rates anytime soon, while CVS Health and Gilead Sciences rallied after upbeat quarterly reports.
Stocks were heavy overnight after Federal Reserve Chairman Jerome Powell said the Fed doesn’t need to be hurry to cut rates again at a time when many are concerned that President Donald Trump’s tariffs could fuel inflation.
Stocks bounced overnight, driven by the technology, commodities and energy sectors as gold reached a new record high and Elon Musk launched a $95B bid for OpenAI
Wall Street ended sharply lower and benchmark Treasury yields jumped on Friday in the wake of a mixed U.S. payrolls report, weak consumer sentiment data and revived trade war jitters.
Stocks were mixed overnight as investors assessed a deluge of corporate earnings as well as more labor market data ahead of the crucial monthly jobs report due Friday.
Stocks were mixed and benchmark Treasury yields slid overnight as disappointing earnings from Google and mixed economic data counterbalanced easing jitters of a spreading global trade war.
Stocks traded higher overnight as investors digested the easing of Trump threats that investors thought could start a trade war between China and and a slew of quarterly corporate earnings.
