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(Bloomberg) — The bond market rebounded from session lows, with Jerome Powell only reiterating the Federal Reserve’s wait-and-see approach before policymakers decide to embark on interest-rate cuts. While the Fed chief didn’t break any major new ground, Wall Street got some relief from his views that recent inflation figures did not “materially change” the overall…
(Bloomberg) — Stocks wiped out gains in the final 30 minutes of Wall Street trading, with investors rebalancing their portfolios after a rally that’s already topped $4 trillion this year. Equities finished lower for a third straight day, following a buying frenzy that saw the S&P 500 climb almost 10% in just three months. With…
The U.S. stock market appears more “accident prone” because of high valuations, as the S&P 500 index nears its 5,000 milestone, according to Leuthold Group.
The shares were among the biggest beneficiaries of rate-cut hopes.
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Companies are beating estimates but warning of weak demand ahead