*U.S. STOCKS DROP AS FED RATE HIKE ODDS JUMP AFTER WALLER COMMENTS $DIA $SPY $QQQ $IWM 🇺🇸🇺🇸
) & Co beat analysts' estimates for first-quarter profit, signaling resilience through the banking crisis in March. Their shares rose between 1.2% and 6.2%.banks index surged 3.3% to a one-month high, while the KBW Regional Banking index rose 0.8%.
Bank stocks lag S&P 500 this year, https://fingfx.thomsonreuters.com/gfx/mkt/xmvjkjqgapr/Pasted%20image%201681463912992.png "The retail sales are kind of a disappointment," said Robert Pavlik, senior portfolio manager at Dakota Wealth."The report indicates that the economy may actually slow more to the point where we have to start worrying about a recession more than just inflation."
Following Friday's retail sales data, traders stuck to bets the U.S. central bank will raise rates by another 25 basis points in May.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street closes lower after Fed minutes, inflation data By Reuters⚠️BREAKING: *WALL STREET CLOSES LOWER AFTER FED MINUTES, INFLATION DATA $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Read more »
Wall St rallies to higher close as inflation data feeds Fed pause hopes By Reuters⚠️BREAKING: *S&P 500 RALLIES TO 2-MONTH HIGH AS U.S. STOCKS SOAR AFTER MORE COOL INFLATION DATA FEEDS FED PAUSE HOPES $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Read more »
Stocks tick higher on Wall Street as inflation slows furtherAsian stock markets declined Thursday after the Federal Reserve said its economists expect a “mild recession” this year.
Read more »
Wall Street rallies and tech stocks leap as inflation coolsA rally on Wall Street lifted stocks to their highest level in almost two months following the latest sign that inflation continues to cool. The S&P 500 rose 1.3% Thursday after a report showed inflation at the wholesale level slowed last month by more than expected. The Dow was up over 380 points, while the Nasdaq composite led the market on hopes slower inflation could lead the Federal Reserve to take it easier on interest rates. A separate report showed slightly more workers applied for unemployment benefits last week than expected, though the job market remains solid.
Read more »
Senator calls for investigation after Reuters facial recognition reportU.S. Senator Ron Wyden has called for the Biden administration to carry out an investigation after a Reuters report showed how Russian authorities are using facial recognition to curb dissent with the aid of U.S. technology.
Read more »