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Stock market today: Dow, S&P 500, Nasdaq tip higher after weak retail sales fuel Fed cut bets
Yahoo Finance· 2026-02-10 14:34
US stocks mostly rose on Tuesday, with the Dow building on its latest record close, as a slowdown in retail sales figures led out a flood of crucial data highlighted by the looming release of the monthly jobs report. The blue chip-heavy Dow Jones Industrial Average (^DJI) forged ahead, picking up around 0.4%, while the S&P 500 (^GSPC) gained 0.1%. The Nasdaq Composite (^IXIC) hovered near the flatline as Big Tech titans Nvidia (NVDA) and Alphabet (GOOG) turned downward. December's retail sales data led ...
Retail Sales Unchanged, Previewing Nonfarm Payrolls & GOOGL $100B Bond Sale
Youtube· 2026-02-10 14:30
Right. Uh that's going to help us set up our trading day. Let's welcome in our first guest.[music] That's going to be Kevin Hanks, co-host of Fast Market with me. Kv, uh give me your take here. Relatively flat.Um but we've had two straight days of gains. Dow at record highs. S&P about a half percent off of its record highs.Uh what's your takeaway here. >> Yeah, very hesitant start to the trading day. I think that retail sales data kind of caught the the market offguard here.They were looking for numbers muc ...
Euro zone inflation to take hit from tariffs but rate cuts could offset, ECB economists find
Yahoo Finance· 2026-02-10 10:05
Group 1 - U.S. tariffs are negatively impacting euro zone growth and inflation, with the most affected sectors being sensitive to interest rates, suggesting that lower borrowing costs could mitigate price pressures [1][3] - A study by ECB economists indicates that the decline in demand due to tariffs outweighs any inflationary supply effects, resulting in a price drag, with consumer price levels potentially being 0.1% lower 1.5 years after a 1% drop in euro zone exports to the U.S. [2] - Euro zone exports to the U.S. have decreased by approximately 6.5% in the latest three months compared to the same period last year, coinciding with a drop in euro zone inflation to 1.7%, below the ECB's 2% target [3] Group 2 - The sectors most affected by tariffs, such as machinery, autos, and chemicals, are also those that respond strongly to interest rate changes, indicating that output may decline due to tariffs but could increase significantly with lower borrowing costs [4] - This pattern of sensitivity to interest rates holds for about 60% of the sectors studied, which represent roughly 50% of total average euro zone industrial output and total goods exports to the U.S. [5]
ICAEW sees slow path to further BoE rate cuts
Yahoo Finance· 2026-02-09 12:17
The Institute of Chartered Accountants in England and Wales (ICAEW) has said the Bank of England’s (BoE) decision to hold rates at 3.75% points to a slow route to lower borrowing costs, despite a more dovish inflation outlook. The central bank kept the rate unchanged after inflation rose to 3.4% in December. The Monetary Policy Committee backed the decision by a 5–4 margin. Four members supported a 0.25 percentage-point reduction, which would have taken the rate to 3.5%. The decision comes after the B ...
Falling tech stocks and a plunge for bitcoin hit Wall Street
Yahoo Finance· 2026-02-05 03:00
NEW YORK (AP) — Sharp drops hit Wall Street on Thursday as technology stocks fell and bitcoin plunged again to roughly half its record price set last fall. Several discouraging reports on the U.S. job market also knocked down yields in the bond market. The S&P 500 fell 1.2% for its sixth loss in the seven days since it set an all-time high. The Dow Jones Industrial Average dropped 592 points, or 1.2%, and the Nasdaq composite sank 1.6%. Qualcomm fell 8.5% for one of the market’s bigger losses even thoug ...
Stephen Miran Steps Down From White House Role, Stays at Fed
Youtube· 2026-02-04 16:05
Maybe making a decision that he doesn't want to go back into the administration. Given what's going on with the administration. I have no inside information on that, although I talked to Steve on Friday and he said he had a lot of questions running through his mind about what he wanted to do next.He is going to be staying on the Fed until a successor to that seat is confirmed, which is likely going to be Kevin Warsh. But I don't think he knows what he's going to do after that. Now, if you've been chairman o ...
European Shares Seen Mixed With Earnings In Focus
RTTNews· 2026-02-04 05:39
European stocks are seen opening mixed on Wednesday after major U.S. stock averages sold off overnight on fears over AI-led disruption.U.S. equity futures were little changed as investors look ahead to Alphabet earnings later in the day and Amazon earnings due Thursday.Shares of Advanced Micro Devices fell 8 percent in the extended session after the company forecast a slight decline in first-quarter revenue despite an unexpected boost from sales of its AI chips to China.Restaurant owner Chipotle projected ...
Dollar Retreats and Precious Metals Rally
Yahoo Finance· 2026-02-03 20:28
The markets are discounting the odds at 9% for a -25 bp rate cut at the next policy meeting on March 17-18.The dollar sank to a 4-year low last Tuesday when President Trump said he’s comfortable with the recent weakness in the dollar. Also, the dollar remains under pressure as foreign investors pull capital from the US amid a growing budget deficit, fiscal profligacy, and widening political polarization.Richmond Fed President Tom Barkin said today that the US economic outlook is improving as uncertainty fad ...
Fed's Miran maintains call for aggressive interest rate cuts this year
Fox Business· 2026-02-03 15:51
Federal Reserve Governor Stephen Miran on Tuesday called for the central bank to make aggressive interest rate cuts this year. "I'm probably looking for a little bit more than a point of interest rate cuts over the course of the year," Miran told FOX Business Network's Maria Bartiromo on "Mornings with Maria."Miran, along with Fed Governor Christopher Waller, was a dissenter at the Federal Open Market Committee's (FOMC) latest meeting on Jan. 28. In a 10-2 vote, the central bank left rates unchanged at its ...
Gold (XAUUSD) Price Forecast: Rebound Targets $5002.31–$5143.89 Retracement Zone
FX Empire· 2026-02-03 15:24
Essentially, investors who took profits on the rally to last week’s historic high are now returning at more attractive prices. They realize that the key bullish fundamentals remain intact — central bank buying, geopolitical risks and U.S. debt issues — and prices are now cheaper than they were a week ago.Fed Policy Concerns Create HeadwindsThe next leg up won’t be easy, however, with Fed policy concerns creating headwinds. As recently as last week, bullish traders were confident the Fed would cut rates at l ...