U.S. stocks are ticking higher as they get pulled in opposite directions by competing waves of optimism and fear.
US. stocks are ticking higher as they get pulled in opposite directions by competing waves of optimism and fear Friday. Several of the biggest U.S. banks said their profits during the summer were better than feared, which offered hope for an earning reporting season that may deliver the first growth in a year. But worries about the latest war in Gaza at the same time sent oil prices jumping and Treasury yields falling. All the push and pull left the Standard & Poor's 500 up 0.
Yields also eased after another official at the Federal Reserve said the central bank may be done hiking its main interest rate following a blistering campaign that began early last year. Patrick Harker, president of the Philadelphia Fed, said again Friday that he believes “we are at the point where we can hold rates where they are.” The two-year Treasury yield, which tends to move closely with expectations for Fed action, fell to 5.01% from 5.07% late Thursday.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Birkenstock IPO stumbles as Wall Street finds it priceyBreaking news and exclusive reporting about retail, shopping, store openings and closings, in Dallas, Collin County, North Texas and beyond.
Lire la suite »
Birkenstock stumbles on Wall Street as investors find sandal maker's shares too priceyBirkenstock shares have tumbled in their debut on the New York Stock Exchange as Wall...
Lire la suite »
Stock futures inch higher as Wall Street awaits key inflation data: Live updatesThe major averages are coming off of four consecutive winning days.
Lire la suite »
Wall Street’s Quarterly Earnings Consensus: Positive, but Not by MuchProjections range from zero to low single-digit growth. The evidence from early reporters so far is positive, but then there are unusual surprises—up or down.
Lire la suite »
Here's how Wall Street reacted to HP Inc.'s analyst meetingHere's how Wall Street reacted to HP Inc.'s analyst meeting
Lire la suite »
Walgreens profit outlook comes up short as demand declines for Covid vaccines and testsWalgreens has now underperformed Wall Street's adjusted earnings expectations for two straight quarters.
Lire la suite »