Equities again drifted lower as investors digested data showing U.S. consumer confidence fell to the lowest level since November, just ahead of further remarks from Federal Reserve speakers and key inflation report later this week.
Equities closed lower Monday as big tech took breather ahead of key market-moving events this week including an update on inflation and remarks from Federal Reserve officials.
Equities edged higher but profit-taking capped gains on Friday after a week of record-setting advances fueled by a series of dovish central bank signals, while the dollar struggled to extend a gain as U.S. yields ticked lower.
Equities edged higher overnight as risk appetite has been boosted by the prospect of lower interest rates and a resilient U.S. economy, or the “goldilocks scenario” after Fed officials maintained their forecasts for three rate cuts this year.
Equities bull run continued as investors sifted through last nights Fed meeting to find the positives, ignoring the higher growth and inflation expectation that are likely to push back the timing of rate cuts
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.
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.
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
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
