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Market Snapshot: U S stock futures rise after blowout tech earnings, Fed meeting

Market Snapshot: U.S. stock futures rise after blowout tech earnings, Fed meeting U.S. stock-index futures rise Thursday after a round of upbeat earnings from tech heavyweights and as investors weighed dovish remarks by Federal Reserve Chairman Jerome Powell and President Joe Biden’s rollout of a $1.8 billion package of additional government spending. Market Summary Retirement Intelligence Risk Disclaimer - By using this web site you agree to its terms and conditions. All materials, including but not limited to articles, directories, photos, lists, etc., on this website are the sole property of ForexTV or the respective copyright holders and are intended for informational/educational purposes using hypothetical and sometimes anecdotal illustrations. The unauthorized use of any and all materials is prohibited and restricted by copyright law. Any use of materials on this site must be approved in advance by ForexTV.

Fed Rate Decision and Chairman Jerome Powell s Press Conference — Live Updates & Analysis

Wells Fargo strategist says Powell slamming the door on near-term tapering Michael Schumacher, a bonds strategist at Wells Fargo, said in response to Powell s remarks that the Fed chief all but assure markets that the central bank will not curb its asset purchases soon.  He s certainly getting rid of tapering happening any time soon. He s slamming that door shut, he said. It means that yields are a little less likely to go rocketing up. You re not going to get that wild card event where the Fed does talk about tapering fairly soon. It will be more interesting in June, he added. You ll have a couple of months of hotter inflation prints. There will be more pressure on the Fed to explain this inflation framework.

Ethereum: If You Must Invest in a Cryptocurrency, Choose ETH-USD

Microsoft (NASDAQ: MSFT) enables users of its Azure cloud business to utilize Ethereum. Clearly, by providing businesses and banks with an exceptionally secure, easily used network, Ethereum is tremendously useful to them. And unlike most cryptocurrencies, it’s not a threat to the profits that banks make through fiat currency transactions. The platform does not undermine governments’ abilities to control the money supply, trace transactions and levy taxes. Therefore, I think Ethereum’s acceptance by banks and governments is a key reason why it’s used to a much greater extent by these institutions than other cryptocurrencies. The Looming Cryptocurrency Crackdown

Stocks Close Little Changed Ahead of Big Tech Earnings

Stocks Close Little Changed Ahead of Big Tech Earnings
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Tech Stocks Lead S&P 500, Nasdaq Lower

Tech Stocks Lead S&P 500, Nasdaq Lower
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