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U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 200 points on Friday. The Dow traded up 0.19% to 38,593.49 while the NASDAQ rose 1.55% to 15,600.39. The S&P 500 also rose, gaining, 0.97% to 4,953.70.
A relaxed Federal Reserve is nudging markets to a May rather than March interest rate cut even as regional bank stocks rumble again - and investors switch attention on Thursday to the Bank of England, three more megacap updates and U.S. jobs. The takeaway from this week's Fed meeting is that rate cuts are coming, just not as soon as the most aggressive market bets. "I don't think it's likely that the committee will reach a level of confidence by the time of the March meeting," Fed boss Jerome Powell told reporters after the central bank held the policy rate in the cu...
Companies Reporting Before The Bell • ING Groep (NYSE:ING) is expected to report earnings for its fourth quarter. • Shell (NYSE:SHEL) is likely to report quarterly earnings at $1.81 per share on revenue of $75.66 billion.
A look at the day ahead in U.S. and global markets from Mike Dolan A relaxed Federal Reserve is nudging markets to a May rather than March interest rate cut even as regional bank stocks rumble again -...
Cybersecurity firm Gen Digital forecast fourth-quarter revenue below Wall Street estimates on Thursday, anticipating a sluggish demand for its antivirus software, sending its shares down more than 5%...