NEW YORK, April 30 ― US stocks ended higher yesterday, with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say...
Traders work on the floor at the New York Stock Exchange in New York April 29, 2024. ― Reuters picNEW YORK, April 30 ― US stocks ended higher yesterday, with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say about the interest rate outlook after its policy meeting this week.Tesla shares surged 15.
Money markets are pricing in about 35 basis points of interest rate cuts this year, down from about 150 bps seen at the beginning of the year, according to LSEG. Paramount Global gained 2.9 per cent after a report that the Redstone family and Skydance Media CEO David Ellison have made concessions to make a potential change in control of the streaming firm more appealing for other investors.
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