Saturday, July 20, 2024

This Blog Will Show You About The New Advanced Innovation In Thailand

Thailand, the special night location for the...

Who Called Me 02045996873?

Presentation: In a world loaded up with computerized...

WhatsApp Number 0131 561 4532: Unmasking the Mystery

The conundrum of WhatsApp number 0131 561...

Stock market today: Live updates

BusinessStock market today: Live updates


A dovish Fed pivot next week could see investors move out of FAANG stocks, says Fundstrat's Tom Lee

S&P 500 futures edged higher Monday as investors awaited a batch of key earnings reports and a major policy decision from the Federal Reserve.

Dow Jones Industrial Average futures gained 0.06%. S&P 500 futures and Nasdaq 100 futures rose 0.15% and 0.23%, respectively.

Investors are coming off a positive streak of gains for the Dow Jones Industrial Average. The blue-chip Dow eked out a 2.51-point gain on Friday, finishing higher for the 10th day in a row and marking its longest rally since 2017. The S&P 500 finished the week up by 0.7%, while the Nasdaq Composite fell 0.6% in the same period.

Stocks are riding high heading into a busy week that some market participants worry could try the recent rally. Investors anticipate the Fed will increase rates by a quarter percentage point at the conclusion of its meeting on Wednesday. They will be listening to comments by Chair Jerome Powell to get a sense of the central bank’s position on what happens next as it tries to navigate a soft landing for the economy.

Earnings results will also shift into high gear in the week ahead, with Thursday being the most intense day. About 40% of the Dow and 30% of the S&P 500 will give their financial updates during the week, including Alphabet, Microsoft and Meta. Several big pharma companies are getting ready to report and it’s a big week for industrial companies and big oil as well.

“This week will offer plenty of opportunity to test the stock market rally that began on October 12 last year and has carried forth from the beginning of this year through last Friday,” Oppenheimer’s John Stoltzfus wrote on Monday.

See also  Maanvir’s Business 117 Peter Street Unit 312 Toronto On M5v0m3

Traders will also watch for the personal consumption expenditures index, the Fed’s preferred inflation gauge, which is due at the end of the week.

— CNBC’s Robert Hum contributed reporting.


Source link

Check out our other content

Check out other tags:

Most Popular Articles