05/04/2024 – Morning Note

Key News Overnight: Wall Street pulled back on Thursday as investors evaluated key economic indicators ahead of the Federal Reserve’s meeting next week. A Thursday Labor Department report showed U.S. producer prices rose more thanRead more

Key News Overnight: Wall Street’s benchmark S&P 500 index rose on Wednesday and a rally in tech stocks lifted the Nasdaq above the 20,000-point milestone for the first time, after a U.S. inflation report boostedRead more

Key News Overnight: Wall Street’s main indexes closed lower on Tuesday as investors anxiously awaited key inflation reports that could influence the Federal Reserve’s interest rate decision next week. Among the S&P 500’s 11 majorRead more

Key News Overnight: Citigroup, previously the only Wall Street brokerage forecasting a 50 basis point rate cut by the U.S. Federal Reserve, has now aligned with its peers in expecting a quarter point reduction atRead more

Key News Overnight: An inflation report in the coming week will test the strength of the record-setting U.S. stocks rally and provide a crucial piece of data that could factor into the Federal Reserve’s plansRead more