US stock futures rose as investors digested reassuring signals from Federal Reserve Chair Jerome Powell after the central bank held interest rates steady on Wednesday. Futures attached to the Dow Jones Industrial Average (YM=F) ticked up 0.2%. Futures attached to the benchmark S&P 500 (ES=F) and tech-heavy Nasdaq Composite (NQ=F) rose 0.3%. CBOT – Delayed
(Bloomberg) — Gold rose to a new all-time high as policymakers projected slower growth and higher inflation after holding interest rates steady for a second-straight meeting on Wednesday. Most Read from Bloomberg Chair Jerome Powell acknowledged Wednesday during a press conference that the high degree of uncertainty from President Donald Trump’s significant policy changes, though
The latest jobs report released Friday showed the construction industry increased its pace of hiring while unemployment for workers in the industry also rose. Data from the Labor Department showed that construction firms added 19,000 jobs in February, following a small gain of 4,000 in January. This marked the strongest month of growth since the
US Stock Market Today (February 21), Dow Jones, S&P 500, Nasdaq: US equity benchmarks Dow Jones Industrial Average (DJIA), S&P 500 and Nasdaq Composite plunged 1.7-2.2 per cent amid a broad-based sell-off on Friday as investors started at a weaker-than-expected business activity reading, already fearing policy uncertainty after US President Donald Trump announced a number
(Bloomberg) — Gold was little changed, hovering near a record high, as traders digest the latest inflation reading in the US and remarks from Federal Reserve Chair Jerome Powell. Most Read from Bloomberg US inflation picked up broadly at the start of the year, further undercutting chances of multiple Fed interest-rate cuts this year at
By Noel Randewich and Sukriti Gupta (Reuters) -Wall Street’s main indexes ended mixed on Tuesday as gains in Coca-Cola and Apple offset losses in Tesla, while investors parsed Federal Reserve Chair Jerome Powell’s latest comments. The U.S. central bank is no rush to cut its short-term interest rate again given the economy is “strong overall”,
The U.S. 10-year Treasury dipped on Wednesday as investors awaited a key U.S. inflation report due later in the week. At 5:00 a.m. ET, the yield on the 10-year Treasury slipped under a basis point to 3.8273%, while the yield on the 2-year Treasury was flat at 3.865%. Yields and prices move in opposite directions.
3 min read Last Updated : Aug 25 2024 | 10:20 PM IST The equity market and government bonds are expected to open on a positive note on Monday, following a decline in US Treasury yields after Federal Reserve (Fed) Chair Jerome Powell signalled that it’s time to cut interest rates. Dealers also
Federal Reserve Chair Jerome Powell told investors on Friday “time has come for policy to adjust.” In response, stocks finished the week near record highs. The S&P 500 (^GSPC), the Nasdaq Composite (^IXIC), and the Dow Jones Industrial Average (^DJI) all rose more than 1% on the week. The S&P 500 is now within 1%
Federal Reserve Chairman Jerome Powell. Andrew Harnik | Getty Images Federal Reserve chair Jerome Powell on Friday gave the clearest indication yet that the central bank is likely to start cutting interest rates, which are currently at their highest level in two decades. If a rate cut comes in September, as experts expect, it would