The S&P 500 slowed its biggest monthly advance since November, with energy and technology shares on Friday.
When the shares fell from the register as traders assessed the profits of the companies, the economic data and the wonderful notes of a Federal Reserve official showed potential inflationary pressures. The dollar went up.
The S&P 500 slowed its biggest monthly advance since November, as energy and technology stocks suffered losses on Friday. Twitter Inc. it sank when the social media company posted a slow start to the year in the advertising business. Despite meeting Wall Street earnings expectations, Chevron Corp. slipped after disappointing investors who expected a recovery in purchases.
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Treasuries and the dollar were steady.
By Emily Barrett, Bloomberg
30 Apr 2021 08:57
Image: Akio Kon/Bloomberg
Asian stocks retreated Friday as Chinaâs antitrust crackdown weighed on technology firms, while US equity futures fell after another record on Wall Street overnight.
Hong Kong led regional losses and an Asia-Pacific stock gauge headed for its first drop in three days. Chinese regulators imposed wide-ranging restrictions on the financial divisions of 13 companies, including Tencent Holdings and ByteDance, in a broadening effort to rein in the giants of the tech industry.
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Stocks dropped from a record as traders assessed corporate earnings, economic data showing potential inflation pressures and hawkish remarks from a Federal Reserve official. The dollar climbed.
The S&P 500 trimmed its biggest monthly advance since November, with energy and technology shares leading losses on Friday. Twitter Inc. sank as the social media company posted a sluggish start to the year in its advertising business. Despite living up to Wall Streetâs profit expectations, Chevron Corp. slid after disappointing investors who were anticipating a revival of buybacks.
Signs of excess risk taking in markets show itâs time to start debating a reduction in bond purchases, said Robert Kaplan, president of the Dallas Fed, breaking ranks with Chairman Jerome Powell. Data showed personal incomes soared in March by the most in monthly records back to 1946, powered by fiscal stimulus. A key measure of consumer prices that the Fed officially uses for its target had the biggest
Stocks dropped from a record as traders assessed corporate earnings, economic data showing potential inflation pressures and hawkish remarks from a Federal Reserve official. The dollar climbed.
The S&P 500 trimmed its biggest monthly advance since November, with energy and technology shares leading losses on Friday. Twitter Inc. sank as the social media company posted a sluggish start to the year in its advertising business. Despite living up to Wall Streetâs profit expectations, Chevron Corp. slid after disappointing investors who were anticipating a revival of buybacks.
Signs of excess risk taking in markets show itâs time to start debating a reduction in bond purchases, said Robert Kaplan, president of the Dallas Fed, breaking ranks with Chairman Jerome Powell. Data showed personal incomes soared in March by the most in monthly records back to 1946, powered by fiscal stimulus. A key measure of consumer prices that the Fed officially uses for its target had the biggest
Stocks dropped from a record as traders assessed corporate earnings, economic data showing potential inflation pressures and hawkish remarks from a Federal Reserve official. The dollar climbed.
The S&P 500 trimmed its biggest monthly advance since November, with energy and technology shares leading losses on Friday. Twitter Inc. sank as the social media company posted a sluggish start to the year in its advertising business. Despite living up to Wall Streetâs profit expectations, Chevron Corp. slid after disappointing investors who were anticipating a revival of buybacks.
Signs of excess risk taking in markets show itâs time to start debating a reduction in bond purchases, said Robert Kaplan, president of the Dallas Fed, breaking ranks with Chairman Jerome Powell. Data showed personal incomes soared in March by the most in monthly records back to 1946, powered by fiscal stimulus. A key measure of consumer prices that the Fed officially uses for its target had the biggest