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...The blue-chip S&P 500 was up 0.5 per cent in mid-afternoon trade, while the tech-heavy Nasdaq Composite was up 0.7 per cent....
...Thursday’s small gain left the S&P 500 up 10.2 per cent this year, while the Nasdaq Composite has added 9 per cent....
...Equities surged after Fed chair Jay Powell’s speech, with the benchmark index finishing 0.9 per cent higher....
...US stocks were back in record territory, buoyed by comments from Jay Powell that the Federal Reserve was “not far” from having the confidence to begin easing monetary policy....
...A combination of strong economic growth, low unemployment and falling inflation is historically rare, but Jay Powell’s Fed appears to be pulling it off, all while getting markets in line with officials’...
...The S&P 500 gained 1 per cent to reach its 16th record high of 2024, with all sectors of the index closing higher. The Nasdaq Composite rose 1.5 per cent....
...Tech stocks, which played a leading role in propelling the S&P 500 to a record high in January, fell on Wednesday....
...Wall Street’s S&P 500 index fell 0.6 per cent, with technology the worst-performing sector....
...A blowout quarter was poised to end with a whimper on Thursday as investors chose to hold off bets ahead of fresh inflation figures and comments from Fed chair Jay Powell....
...Wall Street’s S&P 500 index fell 0.6 per cent, with technology the worst performing sector....
...Wall Street’s S&P 500 fell 0.2 per cent, having shed 1.2 per cent and 1.5 per cent on Monday and Friday, respectively. The tech-dominated Nasdaq Composite lost 0.1 per cent....
...The benchmark S&P 500 was up 0.3 per cent in Wednesday afternoon trading in New York, on course for its first gain this week....
...US stocks staged a relief rally on Wednesday after Federal Reserve chair Jay Powell signalled a preference to cut rates by three-quarters of a percentage point this year. Read more here...
...Wall Street’s benchmark S&P 500 was 0.1 per cent lower shortly after the opening bell in New York, as was the tech-heavy Nasdaq Composite....
...Wall Street’s benchmark S&P 500 added 0.6 per cent, as 10 of the 11 sectors rose. International Paper was the best performer on the index, rising 11 per cent....
...Fed chair Jay Powell’s press conference will be the focus for investors, he added. “The Street really wants to hear about the potential for [interest rate] cuts.”...
...Australia’s benchmark S&P/ASX 200 rose 1.1 per cent to close the session at an all-time high of 7,847....
...Wall Street’s benchmark S&P 500 was down 0.3 per cent shortly after the opening bell in New York, pulled lower by declines for megacap technology stocks....
...And you’d have been worrying about inflation a year and a half before Jay Powell said it was “probably a good time to retire” the “transitory” label: Monetarism, the idea that changes in the quantity of...
...Wall Street’s benchmark S&P was up 0.6 per cent shortly after the opening bell in New York, while the tech-heavy Nasdaq Composite gained 0.7 per cent....
...Stocks have rallied strongly this year, with the blue-chip S&P 500 enjoying its best start to a year since 2019, having risen 10.2 per cent in the first quarter of 2024....
...The S&P 500 closed at a 20-month high, and Treasury yields fell to five- month lows, after cautious commentary by Federal Reserve chair Jay Powell failed to deter investor hopes of interest rate cuts....
...The benchmark S&P 500 was up 0.7 per cent shortly after the opening bell in New York, while the tech-heavy Nasdaq Composite gained 1 per cent....
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