Bank of America said Tuesday that revenue and earnings in the second quarter beat estimates, supported by higher fees in both investment banking and asset management. Bank of America reported: The bank said profit fell 6.9% compared to the same period last year, to $6.9 billion, or $0.83 per stock, as net interest income declined […]
U.S. stock futures rose on Tuesday, extending the session’s gains amid rising optimism about possible interest rate cuts, while bets that Donald Trump will secure a second term also increased. Powell expects lower inflation, boosting rate cut bets Wall Street’s major indices closed higher on Monday, supported by optimism about the possibility of future interest […]
US stocks rose slightly on Wednesday, managing to stabilise after new record highs before hearing more comments from Federal Reserve Chairman Jerome Powell. Both the S&P 500 and the Nasdaq Composite made new all-time highs on Tuesday, even though their pace of gains appeared to slow considerably. Gains were also largely driven by technology stocks, […]
U.S. stock indexes rose on Tuesday as rising expectations of a rate cut in September lifted Wall Street ahead of Federal Reserve Chairman Jerome Powell’s testimony. The S&P 500 and Nasdaq Composite hit record highs on Monday, adding to recent gains as traders priced in the likelihood that the Federal Reserve will begin cutting interest […]
After a holiday-shortened week, investors will keep a close eye on the upcoming economic report on inflation, which is the highlight of the week. Last week, the labor market again showed signs of moderation. June’s nonfarm employment figures showed an increase of 206,000 jobs, a slight decline from May’s revised count of 218,000. The U.S. […]
U.S. stock indexes fell slightly on Monday as investors await both Federal Reserve Chairman Jerome Powell’s testimony and key inflation data for more signals on interest rates this week. Futures stabilized in the wake of Wall Street hitting record highs on Friday last week as softer-than-expected nonfarm payrolls data increased optimism that the Fed will […]
U.S. stock index futures rose on Wednesday on volumes affected by the holiday and helped by dovish comments made by Federal Reserve Chairman Jerome Powell. Wall Street’s major indexes had a quiet and subdued day on Wednesday due to Thursday’s Independence Day holiday, coming off significant gains on Tuesday after Powell indicated some progress on […]
Federal Reserve Chairman Jerome Powell has predicted that inflation in the United States could return to the central bank’s 2% target by the end of 2025 or the following year, although he has indicated that policymakers “will take their time” before implementing possible interest rate cuts. Powell, who was speaking at a panel discussion held […]
U.S. stocks declined on Tuesday, losing ground from record levels ahead of a speech by Federal Reserve Chairman Jerome Powell. Wall Street’s major indices closed Monday’s trading day higher, with the S&P 500 gaining 0.3% and the Dow Jones Industrial Average rising 0.1%, while the NASDAQ Composite rose 0.8% to close at record levels, supported […]
U.S. stocks rose on Monday, as investors awaited further clues about interest rates from a series of Federal Reserve officials and crucial market readings during this holiday-shortened week. The major indices are poised to start a new week with gains, recovering from Friday’s losses but continuing the positive tone seen last quarter as the second […]
