Markets today: ‘Magnificent 7’ hit stocks in final stretch of May

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 50%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

A rout in the world’s largest technology companies dragged down stocks, with the market trimming a monthly rally that was fueled by hopes that an inflation cooldown would lead to Federal Reserve rate cuts.

Markets today: ‘Magnificent 7’ hit stocks in final stretch of MayTexas Utility Stock Powers Past Nvidia in 300% AI-Fueled RallyCopper Leader Chile Posts Worst Monthly Output in Over a YearBank of America Eases Pledge to Stop Lending to Some GunmakersWall Street Trade Failures Tick Higher as Next T+1 Test ArrivesAdani Enters Africa With Acquisition of Tanzania Container FirmANC Support Slips Again With 76% of South Africa Voting Districts inMortgage lending among top risks facing financial...

Here's how to reduce your premiumsBenefits await gig workers who come clean with CRASick of extra fees online? It's drip pricing, and Canadian shoppers are fighting backHome ownership essential for a workable retirement plan: Dale JacksonDon't let the new car smell go to your head when borrowing to buy a carLaurentian Bucks Banking Trend by Slashing Toronto Office SpaceUS Risks a ‘Forever’ Trade War With China, Economist Stephen Roach SaysChina Vows Further Probes on Parties in...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 83. in FİNANCE

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.

Analysis-Powell's soothing tone may not be enough for inflation-spooked marketsFederal Reserve Chairman Jerome Powell's reassuring message following the central bank’s monetary policy meeting may not calm frazzled U.S. stock and bond...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Analysis-Powell's soothing tone may not be enough for inflation-spooked marketsExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

The Metals, Money, and Markets Weekly: May 3 Sweet Neo ConThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Why markets may turn to the downside amid Q1 earningsAs the first quarter earnings season continues, this week will see the financial performance of companies that will shed light on consumer health. With...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Bailey Signals BOE May Cut UK Rates Sharper Than Markets ExpectThe Bank of England sent its clearest signal yet that it was closing in on interest rate cuts, with Governor Andrew Bailey indicating markets were underpricing the pace of easing in the months ahead.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

The Metals, Money, and Markets Weekly May 10,2024: Dear doctorThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »