Wall Street Looks Past Fed Pause to Tech Earnings and AI Rebound
7 Articles
7 Articles
Despite increased inflation, the Fed does not touch the key interest rate - at least not yet. Wall Street is now expected to increase in December. Apart from the central bank, investors are now focusing on the company's balance sheets.
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Wall Street Mixed as Chip Stocks Climb, Megacaps Slip Ahead of Fed Decision and Big Tech Earnings
U.S. stocks traded unevenly on Wednesday as gains in semiconductor shares were offset by declines in major technology companies, with investors awaiting quarterly results from ... The post Wall Street Mixed as Chip Stocks Climb, Megacaps Slip Ahead of Fed Decision and Big Tech Earnings first appeared on [your]NEWS.
The major stock indexes in New York rose slightly after the Federal Reserve (Fed), which acts as the US central bank, left interest rates unchanged at its meeting on Wednesday. This is less than a week before the US midterm elections on November 3, which will decide which party will win a majority in the US legislature, Congress.
Wall St treads water as chips rise, megacaps fall ahead of Fed, Big Tech earnings
Oct 28 (Reuters) - US stocks were choppy on Wednesday as weakness in megacaps such as Tesla and Apple offset chipmaker gains sparked by SK Hynix's bumper results, while investors awaited hyperscaler earnings and the Federal Reserve's interest-rate decision later in the day.Memory chipmaker Micron Technology (MU.O), jumped 4.8% to its highest in over two weeks after South Korean rival SK Hynix (000660.KS), reported a more than sevenfold jump in…
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