- Wall Street’s S&P 500 and Dow Jones indexes fell on Tuesday, while the tech-heavy Nasdaq hit a record high for the third straight session, as investors eyed this week’s Federal Reserve meeting for signs on how it views a restarting economy.
Financial, industrial and energy stocks which have surged in recent weeks on hopes of an improved economic outlook dragged on the benchmark S&P 500.The Nasdaq became the first of Wall Street’s main indexes to confirm a new bull market after hitting a low on March 23. The rally in U.S. stocks accelerated last week after strikingly upbeat May jobs data strengthened views the worst of the economic fallout from the pandemic was over.
While no major policy announcements are expected when the U.S. central bank wraps up its two-day meeting on Wednesday, investors will be keen to know its remarks on the health of the economy.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow retreats 330 points at the open a day after Nasdaq closes at recordU.S. stocks fell at the start of Tuesday's trade as major equity benchmarks took a breather from their rally after racking up significant gains in the past... The FED will hand more money to the PPT. No worries as Satan's bookkeepers are meeting so no down days can be allowed or the questions might get tough. Or will they allow a few down days to prevent those hard questions on wealth inequality getting worse.
Source: MarketWatch - 🏆 3. / 97 Read more »
Dow futures rise 100 points as Wall Street tries to add to last week's rallyU.S. stock futures rose slightly on Sunday night following last week's sharp gains amid optimism over the economy reopening. RampCapitalLLC Follow TheNAJournal for non-partisan journalism. No bias... just the news. Not the mainstream media. Wall Street euphoria has become completely disconnected from Main Street despair.
Source: CNBC - 🏆 12. / 72 Read more »
S&P 500 erases its loss for the year as stocks rally on reopening optimismStocks rose broadly on Monday as traders grew more optimistic about the prospects of an economic recovery while states continue to reopen. Craziest market ever 🤯 👍🏻👍🏻
Source: CNBC - 🏆 12. / 72 Read more »