U.S. stocks ended mixed as investors await a speech clarifying policy outlook from Federal Reserve Chair Jerome Powell
Indexes: Dow down 0.3%, S&P 500 down 0.1%, Nasdaq up 0.6%erased early gains to close nearly flat on Monday as expectations that the Federal Reserve will become less aggressive with its interest rate hikes were offset by lingering worries about inflation.Investors are awaiting comments Tuesday from Fed Chair Jerome Powell, who some strategists expect could say more time is needed to show inflation is under control.
Money market bets were showing 77% odds of a 25-basis point hike in the Fed's February policy meeting. A consumer prices report due Thursday could be key for rate expectations, said Quincy Krosby, chief global strategist, LPL Financial in Charlotte, North Carolina. "The CPI report this week is going to be essential for fine-tuning the Fed funds futures market."
Investors also may have sold some shares after recent strong market gains, said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago. "You're seeing a little bit of profit-taking ahead of the CPI number due out this week."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Uncertainty Surrounds Federal Reserve's Future Plans for Rate Hikes – Bitcoin NewsZoltan Pozsar, a macroeconomist and Fed watcher, predicts that the U.S. central bank will start QE again by the summer of 2023.
Consulte Mais informação »
Gold Price Forecast: XAU/USD struggles below $1,900 on mixed Federal Reserve talksGold price (XAU/USD) seems running out of upside momentum as it retreats to $1,871, after renewing the multi-day high amid the mostly quiet week-start
Consulte Mais informação »
How the 1976 Daytona 500 Drama Left Pearson, Petty and ABC TV ScramblingNASCAR 75: No. 32 in a series of 75 stories that helped define the first three quarters of a century of NASCAR.
Consulte Mais informação »
Not For Sale: Man to walk 500 miles through Phoenix for sex trafficking awarenessRespect Our Daughters President Frantz Beasley has started a 500-mile walk through the city of Phoenix to raise awareness about sex trafficking.
Consulte Mais informação »
How the 1976 Daytona 500 Drama Left Pearson, Petty and ABC TV ScramblingNASCAR 75: No. 32 in a series of 75 stories that helped define the first three quarters of a century of NASCAR.
Consulte Mais informação »