On Wednesday, the Dow Jones Industrial Average (DJIA) remained steady, hovering around 44,700, shedding around 130 points but holding steady through the midweek market session. The major equity index is currently near its all-time highs above 45,000, but stock traders still have a bit of work to do to push bids back into those record peaks.
Stocks perked up slightly but were still trading lower as Federal Reserve Chair Jerome Powell began speaking on Wednesday. The Dow Jones Industrial Average was down 209 points, or 0.5%. The S&P 500 was down 0.
A gauge of the “Magnificent Seven” megacaps dropped 1.5%, with Nvidia Corp. down 6%, as stocks remained lower after the Federal Reserve’s decision to hold rates.
The US Federal Reserve decided to hold its key interest rate steady on Wednesday (January 29), maintaining it in the range of 4.25%-4.5%. The decision by the central bank’s Federal Open Market Committee (FOMC) came as anticipated,
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Central bank policymakers are widely expected to stand pat on interest rates. Investors await further details from Fed Chair Jerome Powell’s press conference.
Tesla, IBM and Meta Platforms helped lead most US stocks higher on Thursday following a rush of profit reports from some of the country’s most influential companies. The S&P 500 rose 0.5%, as four out of every five stocks in the index climbed.
Most U.S. stocks are ticking higher following a rush of profit reports from some of the country’s most influential companies. The S&P 500 rose 0.2% in Thursday morning trading. The
Stocks are ticking higher on Wall Street following a rush of profit reports from some of the country’s most influential companies. The S&P 500 rose 0.3% in early Thursday trading.
The crypto market is trading positively with the Fed risk event out of the way, focusing on positives such as the crypto-friendly president in the White House, the renewed upswing in Tether's market, and the bullish Chinese New Year effect.
Asian shares mostly rose Thursday after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through easier rates in