American Stock Market News
In addition, the market is now also assigning a 44.6% probability to a range of 3.25% to 3.5%. For reference, investors had assigned a 24.1% chance a week ago. WTI crude oil remains below $100 per barrel as demand for gasoline remains lower than pre-pandemic levels, which is the result of high prices at the pump. As a result, https://dreevoo.com/forum_post.php?idt=3024&r=1632209074&#new the price is hovering around the high-$95 per barrel range, up roughly 0.5% from the previous close. Core Durable Goods Orders report for the month of June, which measures the change in order value for long-lasting big-ticket items. This report excludes the impact of aircraft orders because they tend to be very volatile.
Conversely, the technology sector was the session’s leader, with a gain of 4.29%. In addition, WTI crude oil increased 2.7%, as it hovers just above $98 per barrel.
When including aircraft orders, growth was also 1.9%, which crushed expectations of -0.5%. This demonstrates that demand for big-ticket items is still there, especially when it comes to https://dreevoo.com/forum_post.php?idt=3024&r=1632209074&#new aircraft orders, as consumers continue to spend. For the month of June, Core Durable Goods Orders grew by 0.3%, which was better than the expected 0.2% on a month-over-month basis.
United States News
This equates to an approximate decline of 19.3% on a year-over-year basis. The https://dreevoo.com/forum_post.php?idt=3024&r=1632209074&#new utilities sector was the session’s laggard, as it increased by only 0.08%.
The IMF now expects global growth to decelerate to 3.2% in 2022, following a 6.1% growth in 2021. This is the third time the entity cut its 2022 growth forecast. Moreover, global growth is expected to decelerate further to 2.9% in 2023, sharply below April’s projection of a 3.6% expansion. Most importantly, Wednesday will see the Federal Reserve announce its latest decision on interest rates, which is most likely to https://www.pedalroom.com/forums/general-discussion/all-what-you-need-to-know-about-spymaster–32566 be appraised by 75 basis points. During June, Pending Home Sales fell significantly by 8.6% compared to May, which was substantially worse than the expected -1.5% decline. This comes after May’s report broke a six-month streak of declines that started with the December report. The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
Markets & Sectors
Fears of a recession are rife in the economy and the fears were solidified by the International Monetary Fund on Tuesday. The international financial body warned of a global recession in the near future, as major economies including the U.S., China, and Europe experience a sharp slowdown. Moreover, the IMF also expects growth stock market news today to slow further in 2023 as central banks tighten their monetary policies to fight stubborn inflation. The Federal Reserve raised the Federal Funds rate by 75 basis points while also signalling that the pace of rate hikes might slow down. Nonetheless, it appears that the market likes what it sees from today’s report.
- Walmart’s profit guidance cut spurred fresh concerns about reduced discretionary spending amid high inflation and recession, and this weighed heavily on retail stocks.
- In addition, the Pending Home Sales Index came in at 91, which is lower than the 112.7 reading from June 2021.
- This brings the spread between them to -20 basis points.
- Nonetheless, it appears that the market likes what it sees from today’s report.
- This report excludes the impact of aircraft orders because they tend to be very volatile.
It is currently near the session high of $98.56 per barrel. News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Before investing in any mutual fund or exchange traded fund, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information.
Markets & Sectors
Responding to these earnings releases, as well as other macroeconomic updates, the S&P 500, the Dow, and the Nasdaq 100 fell 1.15%, 0.71%, and 1.96%, respectively. Futures of the Dow Jones Industrial Average gained 0.52%, while those of the S&P 500 moved 1% higher, as of 5.46 a.m. Meanwhile, the Nasdaq 100 futures http://clashofclansbuilder.com/forums/thread/417394 advanced significantly by 1.57%. Meanwhile, bond yields are lower, as the U.S. 10-Year Treasury yield is now hovering around 2.77%. This represents a decrease of four basis points from the previous close. In addition, the Pending Home Sales Index came in at 91, which is lower than the 112.7 reading from June 2021.
United States News
Therefore, it is generally agreed upon that the core reading provides a better gauge of ordering trends. Furthermore, the U.S. 10-Year Treasury yield decreased to 2.79%, while the Two-Year Treasury yield also fell, as it hovers around 2.99%. This brings the spread between them to -20 basis points. The negative spread indicates that investors still have fears of a recession. TipRanks is a comprehensive https://www.chase.com/ investing tool that allows private investors and day traders to see the measured performance of anyone who provides financial advice. The after-hour market sentiment was boosted by solid quarterly results from energy technology company Enphase Energy , which led to a 6% rise in share prices. Moreover, restaurant chain operator Chipotle also rose around 8% in the extended trading session.
News & Reports
Stock indices finished today’s trading session strongly in the green following the Federal Reserve’s interest rate hike of 75 basis points. Jerome Powell stated that rate increases will likely slow down, meaning that the Federal Reserve might not be as aggressive as most had believed. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq 100 increased 1.37%, 2.61%, and 4.26%, respectively.
United States News
Tuesday was a busy day of mixed earnings results from major blue-chip companies. Walmart’s profit guidance cut spurred fresh concerns about reduced discretionary spending amid high inflation and recession, and this weighed heavily on retail stocks. Stock futures rose in the early hours of Wednesday as investors await the Federal Reserve’s interest https://www.caudata.org/threads/biggest-lie.71031/ rate hike slated to be announced later in the day. As a result of Powell’s comments, the market is pricing in a higher chance of a lower Fed Funds rate for the end of the year when compared to last week. In fact, the market’s expectations for a rate in the range of 3.75% to 4% fell to 3.8%, which is down from last week’s expectations of 25.9%.