U.S. stocks opened lower on Monday as traders took profits ahead of a meeting of the Federal Reserve where the central bank is expected to hike interest rates by 25 basis points. The S&P 500 SPX, -0.23% fell by 23 points, or 0.6%, to 4,048. The Nasdaq Composite COMP, -0.70% shed 103 points, or 0.9%, to 11,518. The Dow Jones Industrial Average DJIA, +0.20% retreated by 75 points, or 0.2%, to 33,903.
Stocks have risen sharply in January, paring last year’s losses, but investors are anxious to see whether Fed Chairman Jerome Powell will undermine the rally with hawkish commentary on Wednesday, like he did in August. What’s more, investors are gearing up for the busiest week of earnings season this quarter, with 35% of S&P 500 companies set to release quarterly results this week, according to data from Bank of America Global Research.
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Federal Reserve Board Issues Policy Statement That Limits Banks' Crypto Related Activities – Regulation Bitcoin NewsThe board is not only attempting to 'promote a level playing field' but is also seeking to 'limit regulatory arbitrage.' digitalassets regulation The tyrannical banking cartel strikes again. they should still be able to connect your blockchain native wallet via apin system and buy and sell coins and i would think be able to connect it to your debit card ERTHA
Source: BTCTN - 🏆 531. / 51 Read more »
Crypto Bank Custodia Denied Membership in US Federal Reserve System – Finance Bitcoin NewsThe U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. Nice, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals! Save a young man's life. Please buy DAR coins. I beg you....😭
Source: BTCTN - 🏆 531. / 51 Read more »
Oil falls ahead of OPEC+, U.S. Federal Reserve meetingsOil prices fell on Monday, giving up earlier gains, as global producers will likely keep output unchanged during a meeting this week and investors are cautious ahead of a U.S. Federal Reserve meeting that may spur market volatility.
Source: Reuters - 🏆 2. / 97 Read more »
US inflation and consumer spending cooled in DecemberThe Federal Reserve’s preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed’s series of interest rate hikes are slowing the economy.
Source: chicagotribune - 🏆 8. / 91 Read more »
Why this week's Fed vs. markets showdown could decide fate of early 2023 stock rallyThe Federal Reserve and investors appear to be locked in a stare-down. What Fed Chair Jerome Powell says Wednesday could determine the winner. It will depend on how much Fed errors there will be and for how long Hard to tell for short term, but for long term, Fed has to follow the market Wish the Fed understood macroeconomics mrtgr Why doomsayers in our corporate media cannot wait till we have an oligarchy like Putin's Russia?
Source: MarketWatch - 🏆 3. / 97 Read more »
The Fed and the stock market are set for a showdown this week. What's at stake.The Federal Reserve and investors appear to be locked in a stare-down. What Fed Chair Jerome Powell says Wednesday could determine the winner. There’s no showdown lol. Feds always win. Nationalise the federal reserve ! Liberate the Fed liberate the US!
Source: MarketWatch - 🏆 3. / 97 Read more »