US stocks gave up some gains late in the session, as the post-Fed rally pushed stocks into overbought territory, triggering concerns that the surge may have been too much too soon.
The Dow closed at record high Wednesday after the Federal Reserve’s decision to keep rates unchanged, but forecast deeper rate cuts for next year, pushed growth stocks including tech sharply as Treasury yields slumped.
Stocks finished higher overnight led by tech as an ongoing slowdown in inflation kept hopes for an early rate cut next year alive just as the Federal Reserve readies its monetary policy decision slated for Wednesday.
Stocks finished higher overnight as investors continued their bullish bets on risk assets, a day ahead of fresh inflation data and the Federal Reserve’s final two-day policy meeting this year.
Equities continued their dream run with the major indices locking in 7 weeks in a row of gains, a feat not accomplished since 2019
Equities finished higher as a tech-led rally underpinned by Alphabet and AMD offset losses in energy stocks ahead of the monthly jobs report due Friday.
Equities finished lower overnight as investors digested another round of softer jobs data pointing to a slowing economy, boosting hopes that sooner rather later rate Federal Reserve cut is on the horizon.
Stocks finished mixed overnight with downside momentum curbed by rising tech stocks as Treasury yields fell after data showed labor demand fell to a two-year low.
Investors paused their bullish bets on tech as Treasury yields rose ahead of key Payrolls data that will likely shape the Federal Reserve thinking on monetary policy
All three major U.S. stock indexes advanced, with economically sensitive transports and small caps enjoying the most robust gains.
Equities closed higher overnight as investors digested an ongoing slowdown in the pace of inflation and mostly better than expected corporate earnings
Equities closed mixed overnight to remain on course to post big November gains amid fresh optimism that the economy will avoid recession and ongoing optimism of Fed rate cuts of early next year, despite stronger GDP numbers
