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2024-05-06 17:07:18

Wall Street Stumbles as US Economic Growth Slows and Inflation Persists on Nostr: US stocks rise after last week's gains =============== #6e7e7fa5 ver:0.5 US stocks ...

US stocks rise after last week's gains
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#6e7e7fa5 ver:0.5

US stocks rebound after worst month of 2024, with S&P 500 and Nasdaq Composite falling 1.6% and 2% respectively. Concerns about inflation and Fed's interest rate decision persist. Amazon beats estimates, pot stocks surge, and generative AI predicted to boost world economy. Consumer confidence declines, wage growth increases, and home prices rise. Burger King outperforms McDonald's, Coca-Cola and Molson Coors report strong quarters. Dow futures edge higher, S&P 500 up 0.6%, and Nasdaq composite 0.7% higher. Berkshire Hathaway and Freshpet report better results, while Spirit Airlines and Apple slide. Markets find optimism after cooler-than-expected jobs report. Fed officials' speeches and consumer sentiment report expected this week. Traders bet on Fed rate cut. Global earnings growth on track for second straight quarter of growth. #StockMarket #Economy #Inflation #Fed #AI #ConsumerConfidence #WageGrowth #HomePrices #Earnings...

#newstr #UsStockMarket #FederalReserve #InterestRates #EarningsReports #Inflation

https://here.news/story/6e7e7fa5?ver=0.5
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