Dow Jones stocks edged higher in the stock market today as investors awaited Powell's remarks and earnings from three tech titans.
Nasdaq 100 dips as Powell’s Fed decision, Nvidia’s AI battle, and key earnings from Microsoft, Tesla, and Meta set the market tone. Volatility ahead!
Federal Reserve Chair Jerome Powell on Wednesday said asset prices appear "elevated by many metrics right now," driven in part by "this thing around tech and AI." In his news conference following the Fed's policy decision,
Federal Reserve Chair Jerome Powell told reporters that bank reserves appear to remain abundant, leaving room for the central bank to continue shrinking its balance sheet, a process widely known as quantitative tightening,
Federal Reserve Chair Jerome Powell defended the central bank’s allocation of resources in the face of calls to slim down government agencies. Last month, the billionaire Elon Musk, who has been tasked with cutting costs in the federal government,
Federal Reserve interest rate decision, Jerome Powell comments, PCE inflation, U.S. GDP, and earnings from Tesla, Meta, Microsoft, Apple and more.
The Federal Reserve announces its decision on interest rates at 2 p.m. Fed Chair Jerome Powell speaks shortly thereafter. Live updates on stocks, bonds and markets, including the Dow Jones Industrial Average,
The Federal Reserve announces its decision on interest rates at 2 p.m. Fed Chair Jerome Powell speaks shortly thereafter. Live updates on stocks, bonds and markets, including the Dow Jones Industrial Average,
IBM projected constant currency revenue to grow 5% in the full year, above estimates for 4.81% growth. Meanwhile, the company forecasted free cash flow of $13.5 billion for the full year, above the $12.92 billion Wall Street had expected. IBM also said its generative AI book business now stands at more than $5 billion.
The US Federal Reserve decided to hold its key interest rate steady on Wednesday (January 29), maintaining it in the range of 4.25%-4.5%. The decision by the central bank’s Federal Open Market Committee (FOMC) came as anticipated,