March 18 - Futures for the S&P 500 and the Nasdaq gained on Monday ahead of the U.S. Federal Reserve's meeting this week, where the central bank is expected to keep borrowing costs steady and provide cues on its monetary policy path for the year.
A hawkish tilt by the Fed in its policy meeting that concludes on Wednesday could further pressure the high-flying indexes. Peers Micron Technology , opens new tab and Advanced Micro Devices , opens new tab added 2.8% and 1.3%, respectively. Tesla, opens new tab rose 2.8% after the electric carmaker said it would increase the price of its Model Y EVs in some European countries on March 22, by approximately 2,000 euros or its equivalent in local currencies.
Source: Financial Digest (financialdigest.net)
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:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500, Nasdaq futures tick up ahead of Fed meeting, AI conferenceA hawkish tilt by the Fed in its policy meeting that concludes on Wednesday could further pressure the high-flying shares. 'While the recent pullback in...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
S&P 500, Nasdaq futures tick up ahead of U.S. Fed meetingStronger-than-expected inflation figures last week have prompted investors to rethink when and by how much policymakers will lower rates this year
Source: globebusiness - 🏆 31. / 66 Read more »
Stock market today: S&P 500, Nasdaq futures rise as Fed rate call loomsInvestors are starting the week in an upbeat mood as techs shine ahead of a pivotal Fed policy call.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
S&P 500, Nasdaq futures edge higher ahead of key inflation testThe data, due at 8:30 am ET, is expected to show the consumer price index (CPI) increased 0.4% last month after gaining 0.3% in January. In the 12 months...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
BofA lifts 2024 S&P 500 profit forecast as AI enters 'virtuous cycle'The brokerage raised its 2024 earnings per share (EPS) forecast for the index companies to $250 from the previously expected $235. BofA strategists said...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
US Stock Futures Steady After S&P 500 Hits All-Time HighUS stock futures remain steady as investors focus on fresh economic updates despite sticky inflation data. The S&P 500 and Dow Jones Industrial Average hover just above the flatline, while the Nasdaq 100 contracts are little changed. Optimism persists that the Federal Reserve will cut interest rates within months, despite higher-than-expected core consumer inflation. Investors await wholesale inflation and retail sales data on Thursday. Bitcoin continues its rally, trading at around $73,290.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »