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Wall Street Rallies to More Records; Gold Slumps Again
Wall Street stocks reached record highs as investors anticipate Federal Reserve rate cuts and easing US-China tensions, with key tech companies reporting earnings this week.
- Traders expect a quarter-point Fed rate cut on Friday, supporting U.S. stock markets as U.S. companies forecast solid profit growth.
- Recent monthly inflation data showed slight improvement over economists' expectations, though updates may pause amid a U.S. government shutdown, while the Federal Reserve warns low rates can worsen inflation.
- Asian indexes jumped, with stocks up 1.2% in Shanghai and 1% in Hong Kong, while European indexes were mixed and the 10-year Treasury yield held at 4.02% late Friday.
- Major tech names report this week, with Alphabet, Meta Platforms and Microsoft on Wednesday and Amazon and Apple on Thursday amid pressure to justify artificial intelligence investments and avoid a dot-com boom of 2000 repeat.
- The Fed has warned that trade-offs between a slowing job market and inflation mean rate cuts could worsen inflation, creating uncertainty for investors.
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36 Articles
36 Articles
Good times have returned to US stock markets, writes the business newspaper The Wall Street Journal (WSJ), noting that everything from trade agreements and foreign election results to corporate merger announcements and earnings is giving investors reason to rejoice.
·Estonia
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The Nasdaq jumped by about 1.9% • Qualcomm jumped by over 10%, after announcing that it would launch chips that would compete with those of Nvidia • The US announced a framework for an agreement with China, ahead of the expected meeting between President Trump and President Xi Jinping • Reuters report: Amazon will cut up to 30,000 jobs worldwide starting tomorrow • Gold prices fell
Coverage Details
Total News Sources36
Leaning Left5Leaning Right4Center8Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 29%
C 47%
R 24%
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