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(Bloomberg) — Wall Street traders gearing up for Friday’s jobs report sent stocks higher, with some of the world’s largest technology companies driving gains. Treasuries barely budged, while the dollar fell. Just a day ahead of key payrolls data, a reading on jobless claims topped estimates — which is consistent with an uptick in job…
(Bloomberg) — Global stocks retreated and Treasury yields held near four-month highs as solid economic readings and higher commodities prices reinforced the view that interest rates will remain higher for longer. Those concerns have kept global equities from extending the previous quarter’s strong gains. The Stoxx 600 slid 0.1%, while futures pointed to further declines…
(Bloomberg) — Global stocks retreated and Treasury yields held near four-month highs as solid economic readings and higher commodities prices reinforced the view that interest rates will remain higher for longer. Those concerns have kept global equities from extending the previous quarter’s strong gains. The Stoxx 600 slid 0.1%, while futures pointed to further declines…
(Bloomberg) — The stock market rebounded as the latest set of economic data did little to alter bets the Federal Reserve will deliver rate cuts this year, following recent concern that the central bank would delay policy easing. As Wall Street awaited more clues on the Fed’s next steps from Jerome Powell, a report showing…
(Bloomberg) — The stock market remained higher after Jerome Powell reiterated 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 new ground, Wall Street got some relief from his views that recent inflation figures did not “materially change” the overall picture. Powell also reaffirmed…