Category: Market Summary
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FedEx Soars 13% with Profits Above Forecasts, Nike Hit by China Slowdown, and Latest News
FedEx (NYSE:FDX) – FedEx exceeded profit forecasts for the quarter, posting an adjusted profit of $3.86 per share, higher than the $3.45 per share expected by analysts consulted by LSEG. However, the company’s revenue did not meet estimates. FedEx also announced a $5 billion share buyback program. FedEx shares rose 12.6% in pre-market trading. Nike…
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U.S. Stocks Pull Back Well Off Best Levels But Closely Mostly Higher
Stocks showed a strong move to the upside in early trading on Thursday but gave back ground over the course of the session. While the major averages pulled back well off their best levels of the day, they still ended the session at new record closing highs. The Dow (DOWI:DJI) finished the day firmly in…
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U.S. Index Futures Rise as Fed’s Dovish Outlook Spurs Positive Investor Sentiment; Oil Prices See Minor Declines
U.S. index futures are showing an uptrend in Thursday’s pre-market, driven by the record close of the three major indexes in the previous session and the more “dovish” stance than anticipated by the Federal Reserve at the end of its latest monetary policy meeting. At 6:48 AM, Dow Jones futures (DOWI:DJI) were up 90 points,…
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U.S. Stocks Rally To Record Highs Following Fed Announcement
Stocks showed a lack of direction throughout much of the trading session on Wednesday before rallying following the Federal Reserve’s monetary policy announcement. The major averages all showed strong moves to the upside, reaching new record closing highs. The major averages reached new highs for the session in the final hour of trading, ending the…
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Federal Reserve Holds Rates Steady, Market Responds Positively Amid Future Cut Projections
In a move widely anticipated by investors, the Federal Open Market Committee (FOMC) maintained interest rates within the 5.25% to 5.50% range this Wednesday. This decision aligns with the consensus view among market participants and follows the FOMC’s “Dot-Plot” report projections, which indicate an expectation for three 25 basis-point cuts throughout the year. Shortly after…
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U.S. Index Futures Trade Sideways Amid Anticipation of Fed’s Policy Update; Oil Prices Dip
In Wednesday’s pre-market trading, U.S. index futures were trading sideways, reflecting investors’ caution after a positive session, with focus turning to the upcoming Federal Reserve monetary policy update. As of 6:31 AM, Dow Jones futures (DOWI:DJI) were down 31 points, or -0.08%. S&P 500 futures declined by -0.06%, and Nasdaq-100 futures gained 0.03%. The yield…
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Market Watch: Fed Decision, Samsung-Nvidia Tie-Up, UK Inflation Dip
Fed’s Policy Meeting Draws to a Close Investors and market observers are on high alert as the Federal Reserve wraps up its two-day policy meeting, with widespread anticipation that interest rates will remain on hold. The spotlight is on Chair Jerome Powell’s upcoming press conference and the Fed’s updated economic forecasts, especially after Powell’s earlier…
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Fed March meeting expected to hold rates
United States Federal Reserve’s Federal Open Market Committee (FOMC) is largely expected to keep its key interest rate unchanged during its monetary policy meeting on March 19 and 20. However, rate cuts are expected in 2024 and the market will be looking for clues on the timing. The current federal funds rate target range is between 5.25% and 5.50%.…
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U.S. Stocks Show Notable Turnaround Amid Rebound By Nvidia
After coming under pressure early in the session, stocks showed a significant turnaround over the course of the trading day on Tuesday. The major averages climbed well off their worst levels of the day and into positive territory. The major averages reached new highs for the session going into the close of trading. The Dow…
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US Index Futures Decline Ahead of Federal Reserve Meeting, Oil Prices Retreat
In Tuesday’s pre-market trading, U.S. index futures are pointing to a decline, reflecting investors’ caution as they analyze revelations from Nvidia’s artificial intelligence conference and the growing anticipation for the future direction of U.S. monetary policy, especially with the commencement of the Federal Reserve’s (Fed) two-day meeting scheduled for today. By 06:30 AM, Dow Jones…