Fed pause baked in after "dovish" hike
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/4/2026
- Dow jumps to record closing high after soft US jobs data, Nasdaq down with chip shares
- Goldman's Garrett sees investors dialing back tech exposure into H2
- AI chip winners may face tougher road ahead as hyperscalers catch up: JPM
- Oil gains on short-covering buys ahead of US holiday
- Rivian stock jumps 5% on raised delivery outlook
JPMorgan Strategist Marko Kolanovic: 'stocks are set to weaken for the remainder of the year'
May 8, 2023 12:47 PM EDTJPMorgan Strategist Marko Kolanovic: "stocks are set to weaken for the remainder of the year"
The strategist comments "Leadership is turning Defensive and we think this rotation continues into/around the last hike on the back of our view that US bond yields will be flat/down,... More
Citi sees 2 more rate hikes in June and July
May 4, 2023 9:25 AM EDTCiti continues to expect two more 25bps rate hikes, analyst Andrew Hollenhorst said Thursday after the US Federal Reserve voted to raise rates to a 16-year high on Wednesday.
The Fed increased its key interest rate by 0.25 percentage points to between 5% and 5.25%.
Hollenhorst said in a... More
What will Fed do next? JPMorgan warns first rate cut may come as early as September
May 4, 2023 4:42 AM EDTS&P 500 futures are trading modestly higher in pre-market Thursday trading following a Fed-linked selloff on Wednesday.
The benchmark U.S. stock market index fell 0.7% yesterday while Dow Jones Industrial Average and Nasdaq Composite lost 0.8% and 0.46%, respectively, after the Federal Reserve raised rates by another 25 basis points.
Investors are still digesting the FOMC statement as the Fed took out prior language that pointed toward more hikes and said it will remain data-dependent before deciding on its next steps. The latest increase pushed the benchmark federal funds rate to a target range of 5-5.25%, the highest level since... More
