US stocks finished sharply higher as talks on raising the debt ceiling progressed, while chip stocks surged for a second straight day on optimism about artificial intelligence
Traders work on the floor of the New York Stock Exchange in New York City, U.S., April 19, 2023. REUTERS/Brendan McDermid
Volume on U.S. exchanges was relatively light, with 9.8 billion shares traded, compared to an average of 10.5 billion shares over the previous 20 sessions.showed U.S. consumer spending increased more than expected in April and inflation picked up, which could prompt the Federal Reserve to raise interest rates again next month.
"We still have inflation, we still have higher interest rates and that will continue to be an overhang for the market until the Federal Reserve goes on the sidelines," said David Sadkin, president at Bel Air Investment Advisors. Traders now see a 60% chance of a 25-basis-point hike by the Fed in its June policy meet, up from about 40% before the data, according to the CME FedWatch tool.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Here are Friday's biggest analyst calls: Apple, Marvell, Microsoft, Target, RH, Costco, Amazon & moreHere are Friday's biggest calls on Wall Street.
Leer más »
Stock market today: AI frenzy pulls Wall Street higher despite DC debt woesA monster financial forecast from one of Wall Street’s most influential stocks is helping to support the market, even as worries worsen about political rancor in Washington.
Leer más »
Reading the Tea Leaves and Decoding Wall Street’s Take on FashionHow analysts are seeing retail today — from a turnaround effort at Vans to Mary Dillon at Foot Locker and luxury in the U.S.
Leer más »
Wall Street ends higher as Nvidia sparks rush for AI stocks By Reuters*NASDAQ JUMPS OVER 1% TO NEW 52-WEEK HIGH AS NVIDIA FORECAST SPARKS AI-DRIVEN RALLY $DIA $SPY $QQQ $IWM 🇺🇸🇺🇸
Leer más »
Wall Street reacts to Nvidia's jaw-dropping AI-boom earnings reportThe 'AI revolution has begun': Here's how Wall Street is reacting to Nvidia's jaw-dropping earnings report that added $230 billion to its market value
Leer más »
The most shorted stocks on Wall Street include Beyond Meat and this A.I. consumer lenderCNBC Pro screened for the most shorted stocks on Wall Street.
Leer más »