Asia stocks are mostly higher, with investors mainly focusing on a U.S. inflation report and what it means for interest rate cuts by the Federal Reserve. Oil prices advanced while U.S. futures were mixed. The yen weakened, coming close to a 34-year low.
Stock market today: Asia stocks rise with market focus on signs of interest rate cutThe S&P 500 edged down less than 0.1% to 5,202.39. The Dow Jones Industrial Average tiptoed less than 0.1% lower to 38,892.80, while the Nasdaq composite inched 5 points higher to 16,253.96.This week has several flashpoints that could further swing expectations. Apart from Wednesday’s report on the inflation that U.S.
But critics say stock prices already look expensive given their huge run of more than 20% from November into March. That means “achieving ambitious earnings forecasts has become paramount,” according to Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management.To that end, this week will bring the start of the latest earnings reporting season. Delta Air Lines, JPMorgan Chase and other banks will headline the earliest days of the reporting period.
In the bond market, Treasury yields rose to add to their gains for the year so far on diminished expectations for cuts to rates. The yield on the 10-year Treasury ticked up to 4.42% from less than 3.90% at the start of the year. Benchmark U.S. crude added 10 cents to $86.53 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standards, was 17 cents higher to $90.55 a barrel.
Financial Markets Stocks And Bonds Federal Reserve System General News I World News Government Regulations Hong Kong U.S. News Business F World News U.S. News
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.
1 Stock to Buy, 1 Stock to Sell This Week: Fortinet, TeslaStocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, Tesla Inc. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Read more »
Federal Reserve expected to cut rates, potentially lifting Biden's prospectsThe U.S. Federal Reserve looks on track to cut interest rates as the presidential campaign season heats up, potentially delivering President Joe Biden a boost as polls show Americans dislike his handling of the economy.
Read more »
Federal Reserve’s San Antonio branch result of persistenceAfter Dallas got 1 of 12 regional offices, local business leaders kept lobbying for a second location in Texas.
Read more »
Federal Reserve Holds Interest Rates Steady, Plans to Reduce Them LaterThe Federal Reserve announced that it would maintain interest rates but plans to reduce them later this year. Inflation increased in February, and the central bank will continue to monitor economic indicators to determine when to lower rates.
Read more »
Federal Reserve Keeps Interest Rates Steady, Plans to Reduce Them LaterThe Federal Reserve announced that it would maintain interest rates but plans to reduce them later this year. Inflation increased by 3.2% in February. Fed Chair Jerome Powell stated that they will continue to monitor inflation and economic indicators.
Read more »
Federal Reserve Maintains Interest Rates, Plans to Reduce ThemThe Federal Reserve announced that it would maintain interest rates but plans to reduce them sometime this year. Inflation increased by 3.2% in February. Fed Chair Jerome Powell stated that they will continue to monitor inflation and economic indicators to determine when to lower rates.
Read more »