Pre-Market Pulse 19th March – Tech rebounds leading into deluge of Central Bank updates
Equities finished higher led by tech as investors looked ahead to the Federal Reserve meeting and interest-rate outlook 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
Stocks initially stretched the record-breaking run early in the session Friday, before profit taking emerged, while U.S. Treasury yields dipped despite investors and pundits scraping through the numbers to find a positive spin
Stocks (once again) moved higher overnight, with the S&P 500 and Nasdaq both hitting intraday record highs with support from technology and growth stocks.
The rally in tech returned after Federal Reserve Chair Jerome Powell reiterated that interest rate cuts were coming later in the year, a statement that has been repeated ad nauseum for over a month now, but investors treated as “new” news
Equities as investors eased bullish bets on big tech just a day ahead of Federal Reserve chairman Jerome Powell testimony before Congress that could provide potential fresh clues on monetary policy.
U.S. stock indices retreated from their recent all-time highs, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average declining by 0.12%, 0.41%, and 0.25% respectively
Equities scaled records high while Treasury yields fell sharply on Friday after weak U.S. economic data and comments from Federal Reserve officials bolstered expectations for interest rate cuts later this year.