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Jim Cramer Says Don't Doubt Fed Chair Powell's Assurance Of No Rate Hike, 'He's Been Consistent The Whole Time'
2024 May 02, 12:28am | 661Jim Cramer, the host of CNBC’s “Mad Money,” has advised investors to trust Federal Reserve Chair Jerome Powell‘s recent statement that a rate hike is unlikely, despite ongoing inflation concerns. What Happened: Cramer urged investors to take Powell’s word seriously...
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Hawkish Fed Risk Fades After Powell's Remarks: He 'Set The Bar Extremely High For Rate Hikes'
2024 May 01, 5:44pm | 730In its latest policy meeting on Wednesday, the Federal Reserve opted to maintain its benchmark interest rates at 5.25%-5.50%, aligning with market predictions but offering a cautious stance on the return the 2% inflation target, noting that there has recently been “a lack of further progress...
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US Stocks Mixed Ahead Of Fed Meeting, Chipmakers Tumble After AMD Earnings, Bitcoin Sinks: What's Driving Markets Wednesday?
2024 May 01, 1:07pm | 1187Traders are treading cautiously in Wednesday’s session, seeking more clarity on the Federal Reserve’s stance with inflation reports exceeding expectations. The forthcoming Federal Open Market Committee statement is anticipated to maintain interest rates where they are and possibly...
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Wall Street Set To Open Lower After AMD Earnings Disappoint As Traders Look To Fed's Powell For Relief: Why This Analyst Sees Incoming Summer Rally
2024 May 01, 6:44am | 2013A negative sentiment might linger on Wall Street on Wednesday, as evidenced by stock futures, after Advanced Micro Devices, Inc.‘s (NASDAQ:AMD) underwhelming quarterly report, exerting pressure on the tech sector and the broader market. However, the afternoon’s Federal Reserve...
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Jim Cramer Attributes April Market Sell-Off To Interest Rate Concerns: 'They're Going To Keep Dumping Stocks ...'
2024 May 01, 12:21am | 646Jim Cramer, the host of CNBC’s “Mad Money,” has attributed the recent market downturn to concerns about interest rates. What Happened: On Tuesday, Cramer discussed the market’s performance, emphasizing the impact of potential interest rate changes by the Federal Reserve,...
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April Showers On Wall Street: Miners, Utilities Emerge As Bright Spots In Gloomy Market
2024 Apr 30, 4:38pm | 1922As April comes to a close, it’s time to compile the rankings for the top-performing sector and industry exchange-traded funds of the month. Taking a broader look at the stock market, the S&P 500 Index, represented by the SPDR S&P 500 ETF Trust (NYSE:SPY), finished April on a downturn...
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S&P 500, Nasdaq 100 Snap 5-Month Winning Streak In April As Inflation Reality Check Hits Bullish Sentiment
2024 Apr 30, 4:38pm | 537The U.S. stock market broke a streak of five consecutive months of gains in April, reigniting concerns about the impact of rising inflationary pressures and the potential for a prolonged restrictive monetary policy by the Federal Reserve. Despite positive signals from first-quarterearnings reports...
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Stocks Dive On Fears Of Hawkish Fed; Treasury Yields Rise, Bitcoin Tumbles To $60,000: What's Driving Markets Tuesday?
2024 Apr 30, 1:35pm | 1299Investor apprehension grips Wall Street with major indices showing midday losses on Tuesday in New York trading, ahead of the Federal Reserve’s potentially hawkish pivot in Wednesday’s meeting. The S&P 500 retraced 0.9% after a 2-day positive streak, with the tech-heavy Nasdaq 100...
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Is Hawkish Shift On Inflation Imminent? Wall Street Analysts, Traders Brace For Fed Impact
2024 Apr 30, 11:51am | 1270Investors are on edge ahead of Wednesday’s Federal Open Market Committee meeting, as policymakers meet following a slew of higher-than-anticipated inflation readings that have dashed hopes for near-term interest rate cuts. While there’s widespread agreement among Wall Street analysts...
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Wall Street On Edge Ahead Of Fed Decision, Spotlight Falls On Amazon And AMD Earnings: Analyst Says Stocks Survive 'Fragility Test' As April Ends
2024 Apr 30, 6:57am | 1736U.S. stocks appear to be on the back foot early on Tuesday, with index futures trading modestly lower in early pre-market activity. Caution reigns supreme as traders anxiously await the Federal Reserve’s interest rate decision on Wednesday. A hawkish stance...
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Another Rate Hike Coming In 2024? Macquarie Economists Reverse Forecast: Warn Of 'Increasingly Ominous' Policy Rate Change
2024 Apr 29, 10:47pm | 836The economic outlook for 2024 is taking an unexpected turn as economists at Macquarie have revised their predictions for interest rates, now suggesting a potential hike. What Happened: In a recent note, Macquarie’s strategists indicated that the likelihood of a Federal Reserve interest rate...
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Wall Street to Start a Very Crucial Week
2024 Apr 29, 2:57pm | 782We have a highly consequential week on tap for the markets. Aside from it being another Jobs Week — with ADP private-sector payrolls and JOLTS numbers Wednesday, and the Economic Situation report Friday — we have the next Federal Open Market Committee (FOMC) meeting starting tomorrow...
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Japan Intervenes To Support Struggling Yen: Why Did It Trigger Nikkei 225 Futures Dip? 4 Charts To Watch (CORRECTED)
2024 Apr 29, 2:30pm | 1081Editor’s note: The headline and body of this story have been corrected to specify the price action was in Nikkei 225 futures. The Bank of Japan (BoJ) intervened in the foreign-exchange market on Monday to bolster the weakening Japanese yen, which had plunged to a 34-year low of 160 per...
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US Stocks Set To Approach New Week With Caution Ahead Of Fed Meeting, Tech Earnings: Analyst Says 'Buy The Dip' Contingent On This Condition
2024 Apr 29, 6:54am | 1516U.S. stocks are looking to build on past week’s gains, with the mood remaining cautiously optimistic. The major index futures were modestly higher in early trading. Given the strong gains in the past week, it wouldn’t come as a surprise if traders choose to take some profits,...
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Tech Stocks Rebound As Magnificent 7 Roar On Strong Earnings, Energy Giants Tumble: What's Driving Markets Friday?
2024 Apr 26, 1:45pm | 1175Strong earnings reports from Alphabet Inc. (NASDAQ:GOOGL) and Microsoft Corp. (NASDAQ:MSFT) have restored positive sentiment in the market, sweeping away fears of increasing risks of stagflation that had emerged from Thursday’s data. Although the latest PCE inflation report signaled higher-...