MW: Stock-market investors bank on earnings growth running triple the norm – economist
MARKETWATCH reports: Earnings growth expectations have been running hot, fueled by optimism around artificial intelligence. But ...
CHRW: RUNNING HIGHMAERSK: STRONG HON: BREAK-UP APPEALCHRW: CLOSING QUESTIONSCHRW: HEADCOUNT RISK MID-TERM CHRW: SHOOTING UPCHRW: OPPORTUNISTIC CHRW: CFO REMARKSCHRW: GETTING THERE CHRW: SEEKING VALUABLE INSIGHTCHRW: 'FIT FAST AND FOCUSED' CHRW: INVESTOR DAY AMZN: NASDAQ RALLYKNIN: LOOKING DOWNPLD: FLIPPING ASSETSWTC: BOLT-ON DEAL
CHRW: RUNNING HIGHMAERSK: STRONG HON: BREAK-UP APPEALCHRW: CLOSING QUESTIONSCHRW: HEADCOUNT RISK MID-TERM CHRW: SHOOTING UPCHRW: OPPORTUNISTIC CHRW: CFO REMARKSCHRW: GETTING THERE CHRW: SEEKING VALUABLE INSIGHTCHRW: 'FIT FAST AND FOCUSED' CHRW: INVESTOR DAY AMZN: NASDAQ RALLYKNIN: LOOKING DOWNPLD: FLIPPING ASSETSWTC: BOLT-ON DEAL
MARKETWATCH reports:
April’s sudden selloff in stocks intensified on Thursday, as investors worried about the Federal Reserve’s ability to cut interest rates this year and as oil prices spiked on tensions in the Middle East.
The Dow Jones Industrial Average DJIA skid more than 500 points, or 1.4% — posting its worst day since March 2023, when the regional-bank crisis erupted.
Minneapolis Fed President Neel Kashkari said Thursday that progress on inflation has stalled, which could leave the central bank unable to cut rates this year if the trend continues.
While Kashkari also said he still has two rate cuts penciled in for 2024, investors were alarmed by potential delays in the Fed’s pivot to lower interest rates.
“It’s just a lot of nervousness right now,” said Kent Engelke, chief economic strategist at Capitol Securities Management, in an interview with MarketWatch. “Obviously, the reason why oil rallied was tensions in the Middle East.”
The full post is here.
Comment on this article