Harp Pullback News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The first sharp pullback for U.S. stocks in half a year is leaving investors wondering whether to buy the dip or hold out for more declines. Following several turbulent weeks, the S&P 500 is down more than 5% from its March 28 closing high, its biggest retreat since October. Many market participants believe the factors that drove the S&P 500 to a 10% gain in the first quarter - including resilient economic growth and excitement over artificial intelligence - remain in place and will support stocks over the long term.

WDAY has pulled back to a historically bullish trendline

The dollar nursed a sharp pullback against Asian currencies on Thursday, after softer-than-expected global economic data muddied the interest rate outlook and pushed down U.S. yields ahead of the Federal Reserve's Jackson Hole symposium. The Australian dollar, which has been taking a battering for a few months on signs of China's slowdown and resilience in the U.S., jumped 0.9% overnight after U.S. manufacturing and services PMIs missed expectations. "Weaker than expected ... data led markets to scale back their expectations for U.S. policy," said Commonwealth Bank of Aus...

Australia's consumer inflation slowed to a 13-month low in May, driven by a sharp pullback in fuel, while a measure of core inflation also cooled in a sign interest rates might not have to rise again in July. Data from the Australian Bureau of Statistics on Wednesday showed its monthly consumer price index (CPI) rose 5.6% in the year to May, marking the smallest increase since April last year. That was down from 6.8% the previous month and well below market forecasts of 6.1%.