Governor Michele Bullock
Market Caution as Fed Meeting Begins; Treasury Yields and Apple Influence Gains | Daily Market Analysis
Key events: UK - GDP (MoM) (Apr) USA - Core CPI (MoM) (May) USA - Crude Oil Inventories USA - FOMC Economic Projections USA - FOMC Statement USA - Fed Interest Rate Decision USA - FOMC Press Conference The S&P 500 was poised for a record close on Tuesday after paring losses due to falling Treasury yields and a surge in Apple stock to a new high. However, gains were tempered by caution as the Federal Reserve began its two-day meeting.
Record Highs for S&P 500 and Nasdaq Amid Nvidia Surge and Lower Treasury Yields | Daily Market Analysis
Key events: Eurozone - Deposit Facility Rate (Jun) Eurozone - ECB Interest Rate Decision (Jun) USA - Initial Jobless Claims Eurozone - ECB Press Conference The S&P 500 and Nasdaq reached new record highs on Wednesday, driven by Nvidia's strong performance in the tech sector and declining Treasury yields. These market movements were influenced by further signs of a cooling labor market, which boosted hopes for a potential interest rate cut by the Federal Reserve later this year.
Stocks Surge to New Peaks as S&P 500 Hits Record High; GBP/USD Dips in Anticipation of UK CPI Figures | Daily Market Analysis
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