2024-07-10 05:56:06
Markets
Stocks
Economy

Stock Market Focus: Powell's Testimony, Earnings Season, and CPI Influence Market Sentiment

Investors are closely monitoring Federal Reserve Chairman Jerome Powell's testimony, the ongoing earnings season, and the upcoming CPI data, which are key factors driving market sentiment. With record highs in major indices like the S&P 500 and Nasdaq Composite, questions about interest rate policies and economic indicators loom large.

Concerns about overbought stocks and potential corrections, particularly in tech giants, add to the market's volatility. Analyst sentiments vary, with some revising S&P 500 targets upwards on strong earnings and economic data, while others warn of increased volatility tied to the CPI report.

The market remains on edge as investors navigate uncertainties and seek direction amidst a dynamic economic landscape.

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Stock Market Breaking News by Wall Street Experts - TheStreet
10. Juli 2024 um 17:07

Stock Market Today: Stocks dip with Powell, earnings, CPI in focus TheStreet Daily Newsletter

Finance
Economy
U.S. equity futures edged lower on Monday as investors await a busy week on Wall Street, including testimony from Federal Reserve Chairman Jerome Powell, the release of June inflation data, and the start of the second-quarter earnings season. Stocks ended higher last week, with record closing levels for the S&P 500 and Nasdaq Composite. Investors are looking for clues on the Fed's interest rate policy and the state of the economy.
INVESTING - TheStreet
9. Juli 2024 um 22:08

Stock Market Today: Stocks higher into jobs data; Tesla extends run TheStreet Daily Newsletter

Finance
Economy
Technology
U.S. equity futures rose slightly ahead of the June jobs report, which is expected to show a modest decline in job growth and slower wage gains. Stocks extended gains earlier this week, with the S&P 500 reaching a new record high. Chip stocks could see early momentum following an update from Samsung forecasting a surge in operating profits. Investors are closely watching the jobs data for signs of cooling inflation that could influence the Federal Reserve's rate decisions.
INVESTING - TheStreet
10. Juli 2024 um 12:09

Something's gotta give in this summer's whackadoodle market TheStreet Daily Newsletter

Finance
Economy
Technology
The stock market has been on a record-breaking run, with the S&P 500, Nasdaq Composite, and Nasdaq-100 indexes all closing at new highs. However, the higher prices rise, the greater the risks to the market. Indicators like the relative strength index (RSI) suggest that many stocks, including tech giants like Apple, Alphabet, and Microsoft, are overbought and due for a pullback. The market's heavy reliance on a few large tech companies is a concern, and a correction could hit the most vulnerable stocks and companies hard. While a recession is not likely, the market frenzy and economic worries will be on the mind of Federal Reserve Chairman Jerome Powell as he testifies before Congress this week.
n-tv.de
9. Juli 2024 um 20:51

AI Stocks in Demand: Powell Keeps Wall Street in Limbo - n-tv.de

Finance
Technology
Economy
Politics
The Wall Street is in search of direction after the recent statements by US Federal Reserve Chairman Jerome Powell. Powell did not reveal his cards during a hearing before the US Congress and kept the options for the timing of a possible interest rate cut open. Nevertheless, investors continue to increasingly buy AI stocks, which are among the main drivers of the recent index increases.
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