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SPDR S&P 500 ETF Trust (SPY.AX)
- Yahoo Finance
Fed's Powell: 'We'll need to be patient' on rates
Fed Chair Jerome Powell reiterated his stance that the central bank will need to remain patient and see further progress on inflation before reducing interest rates.
- Yahoo Finance
Inflation and consumer spending updates ahead: What to know this week
A crucial reading of inflation faces investors in the week ahead after a string of disappointing reports to start the year dampened investors' interest rate cut hopes.
- Benzinga
Stocks Rebound As Rising Jobless Claims Sustain Rate-Cut Hopes, Dollar Falls, Gold Rallies: What's Driving Markets Thursday?
Wall Street is seeing a day of gains as all major indices traded in the green around noon in New York, driven by a surprising uptick in unemployment claims prompting speculation over Federal Reserve interest rate cuts. Jobless benefits rose from 209,000 to 231,000 in the week ending May 4, surpassing market expectations of 210,000 and reaching the highest level in eight months. Consequently, the U.S. dollar Index (DXY), tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), declined by
