Wall Street's main indexes slipped on Friday as investors digested a mixed bag of earnings reports, while uncertainty around the outlook for U.S. interest rates and the economy kept them on edge.
"There's still probably a lot of room for earnings to decline," said Joshua Chastant, senior investment analyst at GuideStone Funds.
"We think that maybe the market is not quite ready for that or it's not priced in. Multiples are still at 18 times earnings. There is lots of excess in equity markets that needs to be unwound." U.S. stock indexes have been rangebound this week with investors seeking clues on how far the Fed could hike interest rates, while earnings have signaled resilience in big banks though most regional lendersA slate of Fed speakers this week voiced support for another 25-basis-point rate hike by the U.S. central bank at its May 2-3 meeting. Traders have priced in an 82% chance of such a move, with many expecting the Fed to hold rates before cutting them by the end of 2023.
Fed Board Governor Lisa Cook is set to take the stage on Friday before the central bank's policymakers enter a blackout period until the next policy meeting.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Here are Friday's biggest analyst calls: Amazon, Tesla, CVS, Microsoft, XPO, AT&T, Spotify & moreHere are Friday’s biggest analyst calls: Amazon, Tesla, CVS, Microsoft, XPO, AT&T, Spotify & more
Consulte Mais informação »
Fed's Williams: Inflation still 'too high,' Fed will act to lower itFederal Reserve Bank of New York President John Williams said Wednesday that inflation is still at problematic levels and the U.S. central bank will act to lower it, in comments that noted recent stress in the banking sector will likely weigh on economic activity.
Consulte Mais informação »
Fed's Harker: Fed is not changing inflation target right now, is committed to 2%Looking ahead, the Federal Open Market Committee will enter a blackout this weekend ahead of the 2/3 May meeting. The latest guidance is very much in
Consulte Mais informação »
Magnitude Of Fox Settlement Takes Wall Street By Surprise – But It Is Tax Deductible?Fox looks set to weather a massive payout to settle its case with Dominion Voting System. It has $4 billion in cash and generates significant free cash flow annually. The $787.5 million hit, one of…
Consulte Mais informação »
Wall Street sees 'big opportunities' in Neflix's password sharing crackdownWall Street has high hopes for Netflix as it sees 'big opportunities' in the coming crackdown on password sharing
Consulte Mais informação »
The Lasting Power of “The Wolf of Wall Street”Martin Scorsese’s “understanding of wealth isn’t just luxurious and carnal, it’s also excremental, sanguinary, emetic, carnivalesque, and violent,” tnyfrontrow writes.
Consulte Mais informação »