⚠️BREAKING: *U.S. STOCKS RISE AFTER UPBEAT ECONOMIC DATA AS MEGACAP TECH SHARES RALLY, VIX DROPS $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
- U.S. stock indexes rose on Tuesday, as megacap stocks recovered and upbeat capital goods orders data allayed concerns about a slowing U.S. economy in the face of Federal Reserve's aggressive interest rate hikes.
A Commerce Department report showed orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, increased 0.7% in May, while economists polled by Reuters had forecast orders would remain unchanged.
Market participants are also focusing on the European Central Bank Forum in Sintra, Portugal where several key policymakers including Fed Chair Jerome Powell will speak this week. A winning run on Wall Street came to a halt last week after Powell said there were more rate hikes on the cards. Traders have baked in a 76.9% chance the Fed will raise interest rates by 25 bps to 5.25%-5.50% range at its July meeting, according to CME Group's Fedwatch tool.
Despite the recent market weakness, the main U.S. stock indexes are set to record second-quarter gains, powered by a rally in growth stocks, upbeat earnings reports and hopes that the Fed will soon end its monetary tightening campaign.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
US retailers targeted with bomb threats, seeking bitcoin and gift cards, Wall Street Journal reportsLaw-enforcement officials and retailers are investigating a recent wave of bomb threats across the United States, targeting grocery operators and other stores, the Wall Street Journal reported on Sunday.
Consulte Mais informação »
Asia markets set for weak open as Wall Street rally fadesAsian markets trade lower as all three major U.S. indexes snapped multi-week winning streaks
Consulte Mais informação »
Pill for Obesity Has Wall Street SalivatingHeard on the Street: Obesity treatments are currently limited to injections, but pills could expand the market and lower costs
Consulte Mais informação »
Tesla stock drops again after Goldman Sachs downgrades, as yet another Wall Street firm slashes ratingWall Street continues to grow cautious on an astronomical surge in shares of Tesla this year, with Goldman Sachs cutting the stock to the equivalent of a...
Consulte Mais informação »
Stock market news today: Wall Street weighs mutiny attempt in RussiaUS stocks trade mixed as Wall Street weighs mutiny attempt in Russia
Consulte Mais informação »