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The Dow logged its first record close of the year and bond yields fell after Federal Reserve Chair Jerome Powell struck an upbeat tone on a September interest-rate cut.
How Walmart is navigating higher tariffs, ESPN’s new sports streaming platform, Cracker Barrel’s new logo, and more news to start your day.
When Nvidia, the chip producer, reports earnings next week, investors expect the S&P 500 to have a bigger reaction than when the Fed chair delivers a big speech on Friday.
Live Updates Live Coverage Has Ended Thursday Wrap-up 4:17 pm The Vanguard S&P 500 ETF closed at 584.27 Thursday, down 0.4%. Morgan Stanley Loves HP Enterprise 12:31 pm In analyst action, Morgan Stanley analyst Erik Woodring upgraded shares of HP Enterprise (NYSE: HPE) to overweight with a $28 price target this morning.
If the Federal Reserve follows through on Chair Jerome Powell's signal that the door is open to a September rate cut it will mark a nine-month stretch between easings. History has shown that stocks have tended to perform well after lengthy pauses in the past,
15hon MSN
Fed Chair Jerome Powell signals job market, inflation outlook could allow for interest rate cut
Federal Reserve Chair Jerome Powell said the balance of risks to the labor market and inflation have shifted, signaling a potential interest rate cut at the Fed's next meeting.
Live Updates Live Coverage Has Ended Friday Wrap-up 4:10 pm The Vanguard S&P 500 ETF closed at 593.22 Friday, up 1.5% for the day but only 0.3% for the week. Walmart Can Still Win, Too 11:55 am Investment bank Truist lowered its price target on S&P 500 component Walmart (NYSE: WMT) stock to $109 after
Stock futures are down on Aug. 20 as investors await Fed meeting minutes and key earnings from Target and Lowe's. See the latest market moves
Stocks might get their September interest-rate cut, but the Federal Reserve could still disappoint the market, as soon as this month.
Shares of business intelligence platform Domo (NASDAQ:DOMO) fell 4.6% in the pre-market session after a broader market downturn impacted the technology sector, as investors grew cautious ahead of a key speech by Federal Reserve Chair Jerome Powell.
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