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Equities were mixed overnight, supported by rallies in megacap stocks like Nvidia and Broadcom on Wall Street. The S&P 500 and Nasdaq saw gains, while the Dow Jones Industrial Average experienced a slight decline.
Equities wrapped up a difficult with strong gains Friday, a day after snapping its longest losing streak since 1974 as cooler-than-expected inflation data eased concern that the Federal Reserve could turn even more hawkish next year.
Equities were broadly weak overnight, with the DOW eking out a gain, snapping its longest losing streak since 1974, even as the post-Federal Reserve rebound ran out of steam.
The Federal Reserve cut interest rates by 25 basis points overnight, but halved the number of rate cuts expected for next year as the battle to bring inflation down toward the central bank’s target is now expected to take longer than previously expected.
Equities headed lower overnight, with the DOW suffering its longest losing streak since 1978 as the Federal Reserve kicked off its last meeting of the year.
Stocks headed higher overnight as tech continued to shine ahead of the last Federal Reserve policy meeting of the year.
US stocks closed out the trading week near the unchanged mark in a subdued session on Friday, with the S&P 500 and Dow posting weekly declines, while the Nasdaq secured its fourth consecutive week of gains on Broadcom’s 24% rally
Stocks edged lower overnight as investors assessed key economic data ahead of the Federal Reserve’s meeting next week.
The Nasdaq closed above 20,000 for the first time ever Wednesday, as tech resumed its rally following in-line inflation data that largely cemented a Federal Reserve interest rate cut next week.
US Stocks were mixed Tuesday and the dollar rose, as investors awaited fresh inflation data and a meeting by the European Central Bank on Thursday.
US Stocks turned lower on overnight as concerns over US inflation data and China’s regulators opening a “monopoly” investigation into Nvidia driving chip stocks lower.
Stocks rose Friday night, as the employment data seemed to make investors more confident in the Goldilocks scenario, and Lululemon surged 16% on full year forecast