Forex News

Why Did The Stock Market Gain

Minutes of the Federal Reserve’s May meeting underscored the deep concern within the central bank about rapidly rising prices that have far exceeded the Forex Fed’s target. Retailers have seen a big sell-off in recent weeks as several major companies reported profits took a hit from inflationary pressures.

stock market news today

After Wednesday’s open, the Dow Jones Industrial Average vacillated between early gains and losses, but moved up 0.1% in early trade. And the tech-heavy Nasdaq composite lost 0.1% in morning trade. Intuit stock rose 4%, while Nordstrom shares climbed 6%. TOL stock rallied 4%, as Urban Outfitters stock was up almost 5%. With 94% of S&P 500 companies having reported first-quarter earnings, 76% have beat profit estimates by a median of 9%, according to data from Fundstrat. Meanwhile, 72% of companies beat revenue estimates by a median of 3%.

Us Stocks Climb In Volatile Session As Fed Minutes Signal Fast Pace Of Rate Hikes Followed By A Pause

SPDR S&P Metals & Mining ETF rose 1.5% and the Global X U.S. Infrastructure Development ETF climbed 1.2%. The Energy Select SPDR ETF was up 2.1% to another record high. Chevron is a huge holding with SLB stock also a notable component. The Health Care Select Sector SPDR Fund closed fractionally lower. The video embedded in this article discussed Wednesday’s solid market action and analyzed Schlumberger, Excelerate Energy and EQNR stock. Shares popped 6% in extended trading on the Musk financing news, but still far below the takeover price. TWTR stock had climbed 3.9% to 37.16 in Wednesday’s regular session.

  • Twitter’s CEO stayed silent on Elon Musk’s pending $44 billion acquisition of the social media giant but he did address other hot-button issues during a shareholder meeting.
  • Sensex loses 207 points to 53,541 and Nifty falls 87 points to 15,938 in late morning deals.
  • The Federal Reserve will release minutes from its most recent policy meeting.
  • Energy stocks fared well, with several flashing buy signals.

Francine Lacqua and Tom Mackenzie live from London bring you an action-packed hour of news no investor in Europe can afford to miss. The Dow Jones Industrial Average rose 0.6% in Wednesday’s stock market trading. If the stock market rally has a follow-through day in the next few sessions, you can consider taking on limited exposure, either via individual names or a broad market ETF.

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Golar is in a short consolidation that is on track to be a proper base after this week with 26.70 buy point. But investors could use a downward-sloping trendline or 25.10 — just above short-term highs — as early entries. Federal Reserve officials at the May 3-4 policy meeting unanimously approved a 50-basis-point hike. “Most” agreed that half-point rate hikes would likely be appropriate at the next couple of meetings, matching what Fed chief Jerome Powell has nasdaq PYPL said. The Fed participants agreed to move “expeditiously” toward neutral, and said rates may have to be even higher than that to rein in inflation. But they also noted that moving swiftly in the short term would provide more flexibility to change course later this year. US stocks staged a rally on Monday after notching seven straight weeks of losses as investors continue to digest first-quarter earnings and the impact of high inflation and interest rates.

stock market news today

World Wrestling Entertainment is one of the top stocks to watch after it closed Tuesday within striking distance of a flat base’s 63.81 buy point. WWE shares inched lower Tuesday, snapping a five-day win streak. Electric-vehicle giant Tesla traded up around 1% Wednesday morning. Elsewhere, Dow Jones tech leaders Apple fell 0.6% and Microsoft rose 0.1% in today’s stock market. Bloomberg Markets European Open Bloomberg Markets European Open kick starts the trading day, breaking down what’s moving markets and why.

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