Let's turn to the broader market action this morning. Joining us here at Post 9 is DWS Group America's CIO David Biano. Welcome, David.It's good to have you. And today we we've got a nice broad rally, although NASDAQ is actually lagging for a change. Do you buy into the the broadening trend that this rally continues and it doesn't have to be led by big tech.>> It's a Friday morning and and not too bad. It's been a bit of a tough week though for those arguing for the the broadening of uh the equity market. U ...

Stronger-than-expected U.S. economic data is complicating Wall Street’s hopes for rapid Fed rate cuts. Weekly jobless claims fell, and Q2 GDP grew 3.8%, suggesting resilience even as inflation hovers near 3%, above the Fed’s 2% target. That has pushed Treasury yields higher and weighed on tech stocks, with Vanguard’s Kevin Khang warning the path to sustained cuts remains “narrow.” U.S. economic data keeps coming back stronger than expected, and frankly it’s raining on the parade for markets. For the ...

By Chibuike Oguh NEW YORK (Reuters) -The dollar fell but was still on course to notch a second straight week of gains against major peers on Friday after data continued to show U.S. economic resilience, potentially complicating the Federal Reserve's efforts to cut interest rates. The dollar was down 0.21% to 149.48 against the Japanese yen, on track for a fifth consecutive week of gains and trading near its highest level since August 1. The euro was up 0.31% to $1.1701. It was on course to finish the ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Matt Miller, taking you through to that closing bell with a global simulcast. We're joined now by Carol Massar and Tim Stenovec in the radio booth. Welcome to our audiences across all of our bloomberg platforms. Carol Massar on another down day for the markets. Fractional losses, to be sure, but when you kind of stack it up over the last few days. A lot more caution coming back into this market. Yeah, I was just r ...

Because jobless claims were better than expected, experts said the Fed might not cut interest rates in October and could wait until December, as per Sam Stovall, CFRA Research. Investors now think there is an 83.4% chance of a 25-basis-point Fed rate cut concerns and tech stocksChicago Fed President Austan Goolsbee said he is worried about cutting rates too quickly because inflation could rise again. The stock indexes fell: Dow Jones dropped 195.89 points to 45,926.27, S&P 500 lost 56.81 points to 6,581, a ...

Uh let's turn to the broader market now with stocks trading right around record levels. Joining us here on set is Gabriella Santos, chief market strategist for the Americas at JP Morgan Asset Management. So you're looking at a lot of the cross asset moves and you say that the focus has now been more by monetary policy versus the the fiscal and trade uh and other immigration policies coming out of Washington.uh how do you expect stocks and bonds to perform with monetary policy at front and center right now. ...

US stocks held steady on Tuesday after another record-setting day, as Wall Street waited for the first speech from Chair Jerome Powell since the Federal Reserve started cutting interest rates again. The Dow Jones Industrial Average (^DJI) nudged up nearly 0.3%. The S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) both hovered around the flatline. Stocks jumped on Monday to clinch a third straight day of record-high closes, lifted by optimism that the AI trade and further Fed policy easing wil ...

US stocks diverged Tuesday after another record-setting day, as Wall Street waited for the first speech from Chair Jerome Powell since the Federal Reserve started cutting interest rates again. The Dow Jones Industrial Average (^DJI) jumped around 0.7%. The S&P 500 (^GSPC) hovered around the flatline, and the tech-heavy Nasdaq Composite (^IXIC) lost 0.3%. Stocks jumped on Monday to clinch a third straight day of record-high closes, lifted by optimism that the AI trade and further Fed policy easing will c ...

A few things are happening here. So since September of last year, one year later, the Fed has now reduced rates by 125 basis points. Yep.And that brings us to 4 and a quarter 4 to 4 and a quarter. The Fed no doubt will go to a neutral rate, which is 3%. So they have 125 basis points to go.So only at the halfway mark. So that's the first thing. It's only eased one time this year.But they have a lot more to go because jobs are slowing. And more importantly, the neutral rate is much lower than the rate we have ...

By Isla Binnie and Stephen Culp NEW YORK (Reuters) -Wall Street stock indexes broke a three-day string of artificial intelligence-fuelled records on Tuesday, and U.S. Treasury yields slid after Federal Reserve Chair Jerome Powell indicated a cautious approach to the next U.S. interest rate decision. The central bank head offered few hints as to when the Fed might repeat last week's move to cut interest rates, and emphasised how delicate the balance is between balancing the threat of inflation with signs ...