Stocks fell Tuesday, as investors paused bullish bets on tech stocks ahead of quarterly results from the Nvidia and the minutes from the Federal Reserve’s January meeting due later this week.
SPI futures flat, US Markets closed. BHP Increases dividend despite lower profits
Stocks ended their 6-week winning streak as data this week showing inflation remains rein in investor bets on sooner rather later rate cuts.
Stocks climbed Thursday, as a jump in energy and small-caps supported the ongoing rally and offset an Apple-led dip in tech and economic data showing possible signs of weakness in the consumer.
The Dow edged higher while Treasury yields slipped on Wednesday as investors tried to assess the timing of possible interest rate cuts from the Federal Reserve, while the dollar eased off of a three-month peak against the yen.
The Dow had its worst day in 11 months as US inflation numbers all but wiped out hopes of aggressive rate cuts in the first half of this year.
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The upside was capped in equities on Friday night as renewed inflation fears pushing Treasury yields higher and deflating investor bets that the Fed is unlikely to resume rate hikes later this year.
Equites closed slightly higher overnight, supported by a jump in Disney after giving up the bulk of its gains as a climb in Treasury yields weighed on sentiment even as data showed further signs of easing inflation
Equities fell overnight as the slide in tech continued, paced by weakness in chip stocks as investors remained wary of making bullish bets ahead of Thursday inflation report. Natural gas spiked on industrial action in AU
Equities closed lower Tuesday, as bank stocks fell after credit rating agency Moody’s downgraded the debt ratings on a slew of U.S. banks on concerns about pressures on profit.
A quiet night overall as investors and traders wait for key inflation data later in the week. Legendary investor Warren Buffett’s Berkshire Hathaway hits record highs
