U.S. stock futures fell Friday after three gains in four days for the S&P 500, with investors still focused on the fragile banking sector as data showed declining use of Federal Reserve lending.
What’s driving markets Data... U.S. stock futures fell Friday after three gains in four days for the S&P 500, with investors still focused on the fragile banking sector as data showed declining use of Federal Reserve lending. What’s driving markets Data released after the close on Thursday showed that banks slightly reduced their emergency borrowing from the Fed, to $163.9 billion from $164.7 billion in the latest week.
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Source: Reuters - 🏆 2. / 97 Read more »
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Fed Meeting Today: Dow, S&P 500 Close Lower After Interest Rate HikeThe Dow lost more than 500 points and Treasury yields dropped after Fed Chair Jerome Powell's remarks following the Fed's rate increase Whoops a daisy. Even the slightest breeze will topple a house of cards. I’m sure this is fine Powell chose the CPI over the banking system today!
Source: WSJ - 🏆 98. / 63 Read more »
QQQ ETF outperforms S&P 500 after Fed decisionThe Invesco QQQ Trust, which tracks the technology-heavy Nasdaq-100 index, holds near unchanged in choppy trading after the Fed announced its rate hike.
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Stocks slide following Fed’s rate hike, Dow sheds more than 500 points: Live updatesStocks tumbled on Wednesday as the Federal Reserve continued hiking rates, while at the same time acknowledging turmoil in the banking sector could slow the already fragile economy. The Dow shed 1.63%. The S&P 500 fell 1.65%. The Nasdaq lost 1.60%. DIDN'T JIM CRAMER JUST SAY DON'T SHORT THE NASDAQ. LMAO HE IS THE BEST INDICATOR IN THE WRONG DIRECTION. jimcramer And also kind of indicated said no pause on rate hikes this year SenWarren POTUS federalreserve WSJ business SquawkCNBC steveliesman Fed chair Powell is the destroyer of wealth keeping interest rates too low, too long. Now he’s running scared. The tougher he talks the weaker he appears. Financial calamity coming. Fire him.
Source: CNBC - 🏆 12. / 72 Read more »