Investors responded to more dovish sentiments from the Fed chair.
shares are up more than 6% in premarket trading Wednesday after reporting strong five-day holiday weekend sales. From Thanksgiving to Cyber Monday, the company saw a low-single digit sales increase in the U.S. compared with the same period last year.
The index declined 10.2% in the prior month in its lowest level since June 2010, excluding April 2020, which was during the onset of the pandemic.was flat as trading kicked off., on the other hand, climbed 0.4%.Federal Reserve Chairman Jerome Powell in a speech later Wednesday likely will confirm expectations of smaller rate increases ahead while also signaling that he's still worried about inflation, according to Goldman Sachs.
"First, Powell is likely to suggest that the FOMC will need to raise the funds rate to a higher peak than it projected at the September meeting, echoing his remarks at the November press conference and following similar comments from several other FOMC members over the last few weeks," Walker added. "Second, he is likely to emphasize that inflation remains too high and the labor market remains extremely tight.
Many investors have pointed to the declining viewership of "The Crown" as an incremental risk factor to Netflix's paid net additions, particularly amid concern about World Cup competition and a lighter content slate, he wrote in a note Tuesday.
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.
AUD/USD stays positive after retracing from 0.6740s, as investors eye Fed PowellAUD/USD stays positive after retracing from 0.6740s, as investors eye Fed Powell – by christianborjon AUDUSD Majors Macroeconomics Technical Analysis SEO
Read more »
Dow closes off nearly 500 points as Fed speak, China worries rattle marketsU.S. stocks finished sharply lower on Monday as worries about the protests in China and several senior Fed officials’ hawkish comments rippled across markets. The Dow Jones Industrial Average closed off 497.57 points, or 1.5%, to 33,849.46:
Read more »
S&P 500 slides as hawkish Fed remarks, China unrest weigh By Investing.com⚠️BREAKING: *DOW TUMBLES 500 POINTS AS U.S. STOCKS END LOWER ON HAWKISH FED REMARKS, CHINA UNREST $DIA $SPY $QQQ 🇺🇸🇺🇸
Read more »
Stock futures a tad firmer as investors eye Powell speechA big batch of important economic data in coming days discourages traders from making overly bold bets as the month draws to a close.
Read more »
Treasury yields mildly mixed as investors await Powell speech and data delugeComments from Fed chair may be the last before central bank enters blackout ahead of its December meeting.
Read more »
Stocks are little changed as investors await Powell speechInvestors are waiting to see what Federal Reserve Chair Jerome Powell will say about future monetary policy in a Wednesday speech.
Read more »