Here's What's Happening in Markets: April 26
Markets jump on tech earnings, Fed preferred inflation gauge rises more than expected
Source: yahoo.com
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Hot PCE Report Spooks Investors With Stock Market Crash Risk
Fears of a stock market crash are flying today as the March PCE report shows inflation continuing to trend in the wrong direction.
Source: investorplace.com
March PCE Inflation Index Forecasts Show Mixed Readings On Price Pressures
Analysts see PCE inflation readings as key to the Fed shifting to rate cuts.
Source: morningstar.com
Stocks hit by tech slump; yen flails at intervention zone
Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo. The predictable hit to Asian tech stocks took MSCI's broadest index of Asia-Pacific shares outside Japan down 0.7%. Japan's Nikkei slid 1.3%, while China stocks also fell, with the blue-chip CSI300 index down 0.3% and Hong Kong's Hang Seng Index 0.5% lower.
Source: yahoo.com
Here's why Thursday's post-GDP sell-off may be overdone
Stock benchmarks slid Thursday after slowing U.S. economic growth and stubborn inflation spurred stagflation fears.
Source: cnbc.com