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Stock Market Today: Investors on Inflation Watch as Stocks ...
2024-05-30 06:22:02

Stock Market Today: Investors on Inflation Watch as Stocks React to Corporate Earnings

Stocks have shown mixed performances as investors closely monitor inflation data and corporate earnings. Positive data releases have led to a cautious optimism among traders, with the S&P 500 hitting record highs and tech-heavy Nasdaq benefiting from Apple's strong showing in China.

On the other hand, concerns about inflation have caused some market slides and spikes in Treasury yields, prompting a pause in the spring rally. Bond markets are particularly sensitive to inflation risks, with global government bond portfolios down 4.9% for the year.

Analysts are adjusting their S&P 500 predictions upwards, expecting a continued rally driven by strong corporate earnings and bets on Federal Reserve interest rate cuts, while international markets await new inflation data to gauge monetary policy implications.

Related news on that topic:

Salesforce Inc. Faces Stock Plunge Amid Disappointing Sales ... Competition Concerns

Salesforce Inc. experienced a significant 16-20% drop in its stock value as the company announced its slowest sales growth ever and issued a weak revenue forecast for the current quarter. Concerns about competition in the AI sector and doubts about the company's relevance in the AI-driven industry contributed to the stock plunge. Despite past strong revenue increases, the disappointing outlook led to a double-digit decline in stock value after hours, marking a significant shift in investor sentiment. The overall stock market also faced declines amidst worries about inflation, GDP slowdown, and Salesforce's underperformance, with notable drops in the Dow Jones Industrial Average and the S&P 500.

Global Markets React to Rising Treasury Yields and Economic ... Uncertainty

Asian equities and bonds decline as US Treasury yields rise and rate cut expectations diminish, impacting markets in Hong Kong, Australia, and Japan. Oil prices climb amidst Middle East tensions. Concerns over China's property market contribute to Hong Kong stock losses. Global bond markets face challenges with increased sovereign issuance in June, testing investor appetite for debt. Crypto markets falter as rising Treasury yields pressure risk assets, leading to declines in cryptocurrencies like Bitcoin and Ether.

Read 3 more recent news on this topic

The press radar on this topic:

The Street
29. Mai 2024 um 23:17

Analysts revamp S&P 500 predictions following record rally

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The S&P 500 is predicted to continue its record rally and outperform Wall Street forecasts, with analysts revising their end-of-year targets to 5,500 points and 5,600 points. The index has defied the 'sell in May' thesis and has reached 24 record highs this year, driven by better-than-expected corporate earnings, a resilient economy, and bets on a Federal Reserve interest rate cut. Analysts foresee a smooth path for the index and predict significant gains for both the S&P 500 and Dow Jones Ind..
The Street
3. Juni 2024 um 19:50

Stock Market Today: Stocks slip with Nvidia earnings on deck; Target tumbles

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U.S. equity futures slipped lower in early trading as investors await Nvidia's earnings and the Fed meeting minutes. Nvidia is expected to post a fivefold increase in earnings and investors are focused on its outlook. Target shares fell 8.2% after weaker-than-expected first quarter earnings.
The Street
4. Juni 2024 um 22:49

Stock Market Today: Nvidia set to power S&P 500, Nasdaq to record highs

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Nvidia's exceptional first quarter earnings are expected to drive tech-led gains and set record highs for the S&P 500 and Nasdaq. The company's strong financial performance, including a significant increase in net income and a 10-for-1 stock split announcement, has boosted the value of rival chipmakers as well.
The Street
29. Mai 2024 um 21:55

Stock Market Today: Stocks higher as inflation worries test tech-led rally

Finance
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Stocks nudged higher as investors focus on inflation pressures and Fed rate cut odds. Tech companies like Nvidia and Tesla are active in premarket trading. Overseas markets show mixed performance amid inflation concerns and economic data.
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