Technology stocks led Wall Street slightly higher on Wednesday, as U.S. inflatio...
NEW YORK - Technology stocks led Wall Street slightly higher on Wednesday, as U.S. inflation data proved to be benign and the minutes from the Federal Reserve’s March meeting were unsurprising.
The three major U.S. indexes were relatively unchanged following the release of the Fed’s minutes, which reaffirmed the central bank’s patience regarding future interest rate hikes. “The core number shows no inflation and the headline reflects higher gasoline prices, which is a headwind for growth, a tax on consumers,” said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.
The earnings season began in earnest as Delta Air Lines raised its revenue forecast and posted better-than-expected profits, lifting the airliner’s stock by 1.6%. Tesla Inc got a boost after U.S. lawmakers introduced legislation that would expand the electric vehicle tax credit. The company’s stock advanced 1.4%.First Solar Inc jumped 8.3% after Goldman Sachs added the stock to its conviction list.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Stock markets open with slight gains as Wall Street awaits Fed minutesU.S. stock indexes opened with modest gains Wednesday as investors took an important reading of inflation, and updates from European and U.S. central banks....
Weiterlesen »
Trading Firm Jane Street Challenges Wall StreetHigh-tech trading firm Jane Street Capital, known for its dominance of the exchange-traded fund market, is pushing into territory long controlled by Wall Street banks: corporate bonds.
Weiterlesen »
Tech in driver's seat as S&P 500 flirts with recordTechnology stocks are extending their leadership on Wall Street as the S&P 500 t...
Weiterlesen »
Widely followed Wall Street short seller says Boeing is 'putting short-term profit above all else'Carson Block's firm believes that recent Boeing crashes show that the company is more concerned with short-term profit than anything else.
Weiterlesen »
70% of Wall Street thinks Trump will be reelected in 2020A new poll of Wall Street insiders shows that a vast majority expect President Donald Trump to win reelection in 2020.
Weiterlesen »
Disney draws second upgrade in two days as Wall Street eagerly awaits streaming service launchBMO Capital Markets upgraded Walt Disney Company stock Wednesday as the media content giant prepares to launch its streaming service.
Weiterlesen »
Gender pay gaps persist at Wall Street banks in the UKOf the big four Wall Street banks, Bank of America Merrill Lynch and Wells Fargo were the only two to report improvements in both the median hourly and median bonus pay gaps in 2018.
Weiterlesen »
Delta's first-quarter earnings, revenue beat Wall Street expectationsInvestors were expecting a strong quarter from Delta, especially after it raised its earnings and revenue guidance last week.
Weiterlesen »
Warren Buffett on search for Wells Fargo CEO: 'They shouldn't come from JP Morgan or Goldman Sachs'Buffett warned that candidates from Wall Street would draw too much scrutiny from Congress.
Weiterlesen »
Pinterest gets its first recommendation from Wall Street before it goes publicPinterest has already earned a recommendation from Wall Street and it's not even listed on public exchanges yet.
Weiterlesen »