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Wall Street Hit by Fed Jitters to Close Wild April: Markets Wrap

(Bloomberg) — The stock market sank in the final stretch of April and bond yields climbed on concern that stubborn inflation will force the Federal Reserve to keep interest rates higher for longer. On the eve of the Fed decision, a broad gauge of US labor costs closely watched by policymakers jumped the most in… ....

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Stock Bulls Look to Earnings With Fed in a Corner: Markets Wrap

(Bloomberg) — Stocks rose as a solid earnings season propped up the market despite bets the Federal Reserve will keep interest rates higher for longer. After pulling back for the most part in April, equities staged a rebound toward the end of the month. Early results from the reporting season suggest that over 80% of… ....

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