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Fri, Apr 26th, 2024
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Stocks Retreat as Persistent Inflation Dents Fed Rate-Cut Hopes
Barchart - Thu Apr 25, 3:47PM CDT
The S&P 500 Index ($SPX) (SPY) Thursday closed down -0.46%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.98%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.55%.Â
US stock indexes Thursday closed moderately lower, led by weakness in technology stocks. Meta Platforms fell more than -10% after forecasting Q2 revenue below consensus and raising its full-year total expenses estimate. Also, IBM fell more than -8% after reporting lackluster Q1 revenue from its consulting division. In addition, Caterpillar closed down more than -6% after saying it expects sales for Q2 to be lower compared to last year.Â
Losses in stocks accelerated Thursday morning after bond yields jumped on signs of persistent inflation and labor market strength when Thursday’s US Q1 core PCE price index was revised higher and weekly jobless claims unexpectedly fell to a 2-month low, hawkish factors for Fed policy. Also, the larger-than-expected downward revision to US Q1 GDP and up... Read more
NVIDIA (NVDA) Buying The Dips After Elliott Wave Double Three Pattern
Elliott Wave Forecast - 2 minutes ago
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of NVIDIA (NVDA) Stock published in members area of the website. Our members are aware of...
This Warren Buffett Dividend Stock is Destroying the S&P 500 in 2024
Barchart - 6 minutes ago
This standout performer in the consumer staples sector is putting the broader market to shame this year, even as it continues to offer value in a challenging economic landscape.
Elliott Wave Analysis Favors DAX to Extend Higher
Elliott Wave Forecast - 11 minutes ago
Short Term Elliott Wave View on DAX suggests rally from 10.23.2023 low is unfolding as a 5 waves impulse. Up from 10.23.2023 low, wave (1) ended at 17003.28 and dips in wave (2) ended at 16345.02. The...
‘100% Buy’ Screener Puts a Compelling Spotlight on Pioneer Natural Resources (PXD)
Barchart - 21 minutes ago
Technical and fundamental factors combine to make PXD stock an intriguing bullish idea for the forward-thinking speculator.
Fed's preferred inflation gauge shows price pressures stayed elevated last month
AP - 41 minutes ago
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden...
How High Can GOOG Stock Go as Alphabet Wins Some Much-Deserved AI Respect?
Barchart - 52 minutes ago
Alphabet stock is trading sharply higher today after the company impressed markets with its Q1 earnings. Here's how high the stock could go as it wins 'AI respect' on par with its Big Tech peers.
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