Microsoft shares tumbled in extended trading and traders awaited the Federal Reserve’s rate policy decision.
are near flat Tuesday night as investors parsed the latest earnings reports and readied for the Federal Reserve monetary policy decision coming Wednesday afternoon.also outperformed, rising about 0.4% as investors continued buying into small caps amid the shift away from major tech names that have led the market higher for much of the year.
Fed funds futures are pricing in a strong likelihood that central bankers will keep rates steady at the 5.25% to 5.5% range, according toFirst Solar tops second-quarter estimates but leaves forecast unchanged amid election uncertainty In the runup to the announcement, traders will monitor economic data on private payrolls, employment costs and pending home sales due throughout the morning. On the corporate earnings front, they will watch for releases from
The Dow and Russell 2000 are slated to finish the month higher by more than 4% and 9%, respectively. That underscores the market rotation's boost to stocks that are smaller and more cyclically oriented.Wells Fargo analyst Christopher Harvey said he's watching to see if concerns about the health of the consumer show among higher income brackets.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street's smaller stocks roar a day after S&P 500's worst loss since 2022Wall Street’s split widened, as smaller stocks and other formerly unloved areas of the market rose while Big Tech stocks gave back more of their huge gains.
Read more »
Dow jumps 500 points as Wall Street claws back losses from the previous session: Live updatesStocks rose on Thursday as Wall Street attempted to recover from the worst session since 2022 for the S&P 500 and Nasdaq Composite.
Read more »
Dow surges nearly 500 points as Wall Street rebounds after tech routOn Wednesday, the Nasdaq and the S&P 500 logged their worst day since 2022
Read more »
Wipeout on Wall Street sends the S&P 500 down by 2.3% as Big Tech skidsThe profit reports from Tesla and Alphabet weren’t disasters, but they raised questions among investors about which other market heavyweights’ springtime results could fall short of expectations.
Read more »
Wipeout on Wall Street sends the S&P 500 down by 2.3% as Big Tech skidsU.S. stock indexes dropped after profit reports from Tesla and Alphabet helped suck momentum from Wall Street’s frenzy around artificial intelligence technology.
Read more »
Dow soars more than 500 points, sending Wall Street to new highs on rate-cut hopesThe Dow Jones Industrial Average continued to set record highs Tuesday, boosted by UnitedHealth’s strong results and growing confidence that the Federal Reserve will cut interest rates in Sep…
Read more »