At 16:00 ET, the S&P 500 increased by 1%, the Nasdaq Composite rose 1.2%, and the Dow Jones Industrial Average increased by 0.5%. Traders are betting on rate cuts starting as early as September, though probabilities remain around 44%, according to the CME Fedwatch tool. Federal Reserve officials hinted at potential rate cuts in response to slowing job growth. However, uncertainties loom over a Gaza ceasefire deal, while various companies experienced notable shifts: Spirit Airlines Inc (NYSE:SAVE) fell 10% due to wider-than-expected Q1 losses, Warren Buffett’s Berkshire Hathaway B (NYSE:BRKb) saw a 1% increase following a 40% jump in Q1 operating earnings, and Micron Technology Inc (NASDAQ:MU) received an upgrade from Baird with a higher price target citing optimistic growth prospects.
#KVB# #FlashNews# #BrokerNews# #investment##mytradingstory# #Fed# #TradingCentral# #Knowledge# #BeginnerTrader# #TradeTech# #exchangeplatforms# #forexmarket# #forextrading# #HotForex热汇# #BrandNewInvestment#
Edited 07 May 2024, 10:46
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now