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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-...
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Fed's Preferred Inflation Gauge Outstrips Expectations: 'Rate Cuts Aren't Necessary For The Bull Market To Continue'
2024 Apr 26, 11:00am | 679The recent release of the Personal Consumption Expenditure (PCE) price index, a key metric favored by the Federal Reserve for gauging inflation, delivered higher-than-anticipated annual rates last month, suggesting that price pressures are facing significant hurdles to achieving the 2% target. The...
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Gold Price Recovers Amid Uncertain US Economic Outlook
2024 Apr 26, 9:46am | 478By RoboForex Analytical Department The price of a troy ounce of gold climbed to 2330.00 USD on Friday. This surge was driven by investors' ongoing evaluation of the potential direction of the US Federal Reserve's monetary policy following mixed macroeconomic data. The US GDP for Q1 did not...