From Mike Hammer: The market is all set for the Fed to raise its base interest rate today. Recently Fed Chair Jerome Powell cited ‘crosscurrents’ acting on the economy, including inflation running below 2% and business investments slowing in recent months.
From Mike Hammer: Some technical traders took victory laps over the weekend, while others were checking central bank plans. Here at Gold Enthusiast HQ the weekend was more about relaxing after 4 fast-paced weeks, and now we’re back to looking at charts, reading the news, and seeing which way the collective wind is blowing.
From Shreyashi Sanyal: U.S. stocks rose on Friday as shares of big banks gained after clearing the Federal Reserve’s stress test, with investors closely tracking the G20 summit where President Donald Trump and his Chinese counterpart, Xi Jinping, could lay the groundwork to resolve a trade dispute that has weighed on global growth.
From Brian Sozzi: One thing many of Wall Street’s top minds could agree on is that if President Donald Trump walks away from this week’s G20 summit with no progress on the U.S.-China trade front, a good bit of air could come out of the red-hot stock market.
From Yun Li: KEY POINTS
From Emily McCormick: Domestic stocks rose after U.S. Treasury Secretary Steven Mnuchin stoked hopes of a near-term trade deal with China.
From Stephen Culp: NEW YORK (Reuters) – Wall Street stock indexes fell on Tuesday, led by a sharp selloff in technology shares, as simmering trade concerns and disappointing economic data sent buyers to the sidelines, while the Federal Reserve chairman pushed back on pressure from President Donald Trump to cut interest rates.
From Stephanie Landsman: Wilmington Trust’s chief economist believes the market rally’s foundation is on shaky ground.
From Wayne Cole:
From Jeff Cox : The corporate earnings picture continues to deteriorate, with companies exposed to tariffs taking a particularly strong hit.
From Fred Imbert : Stocks held steady on Monday as investors looked ahead to a key meeting between President Donald Trump and Chinese President Xi Jinping at this week’s G-20 summit.
From Ameya Pendse: The S&P 500 closed at a record on Thursday — its first all-time high in seven weeks — after the Federal Reserve signaled that an interest-rate cut may be on the horizon.
From Jessica Bursztynsky: KEY POINTS
From Shirley Tay: KEY POINTS
From Shreyashi Sanyal: (Reuters) – A rally on Wall Street lost strength on Thursday after the S&P 500 index touched a record high, powered by the Federal Reserve’s signals that it could cut interest rates as early as July to combat growing risks to global and domestic growth.