Stocks turn volatile as Jerome Powell hints at more rate hikes, consumer inflation expectations rise, and consumer sentiment and expectations decrease; investors await Powell's speech at the Jackson Hole Economic Symposium.
Stocks remained higher across the board as investors analyzed the impact of Fed Chair Jay Powell's speech and prepared for upcoming inflation and jobs data, with the Dow Jones, Nasdaq Composite, and S&P 500 all experiencing gains.
Stocks were mixed on Friday after the US unemployment rate rose unexpectedly, despite the economy adding more jobs than forecasted, while manufacturing data from China provided hope for its economic recovery from COVID-19.
Stock investors have been reacting positively to "bad economic news" as it may imply a slowdown in the economy and a potential halt to interest rate hikes by the Federal Reserve, however, for this trend to change, economic data would have to be much worse than it is currently.
Stocks were lower on Tuesday as September began, with oil prices reaching new highs and Treasury yields rising, putting pressure on the market, while traders awaited more economic data to determine the likelihood of another rate hike from the Federal Reserve.
Stocks remain uncertain as investors anticipate the inflation update and digest news from the tech sector, including Apple's unveiling of new iPhones, while attention also turns to the upcoming Arm IPO and Oracle's disappointing earnings results.
Stocks declined amid speculation that US inflation data will show persistent price pressures, increasing the likelihood that interest rates will remain elevated; market focus is on the US consumer price report.
Stock futures remained relatively unchanged as traders awaited the August producer price index, indicating stable wholesale inflation.
US stocks remain steady as investors anticipate the Federal Reserve's interest rate decision and closely watch negotiations in the US auto workers strike.
Stocks mostly lower as investors await Federal Reserve's interest rate decision and assess new economic data showing easing core inflation and a cooling labor market, with expectations high for the Fed to hold rates steady.
Stocks traded flat on Monday as investors focused on the upcoming Federal Reserve meeting where the central bank will issue its next interest rate decision, with expectations of a rate hold solidifying and a 99% probability that the Fed will pause its rate hikes.
The stock market weakened slightly as investors remain uncertain ahead of the Federal Reserve's meeting this week, with eyes on the tone taken by Federal Reserve Chair Jerome Powell during the post-meeting media conference.
Stocks closed relatively unchanged on Monday as investors await the upcoming Federal Reserve meeting, which will determine the central bank's next interest rate decision, amidst easing core inflation and a cooling labor market.
Stocks slipped as the Federal Reserve's policy meeting began and investors awaited an update on the IPO market, with Instacart expected to start trading, while the focus remains on the Fed's fight against inflation and future interest rate moves.
U.S. stocks were lower on Tuesday as oil prices and bond yields rose ahead of the Federal Reserve's interest rate decision, with investors watching for guidance on future rate hikes and inflation threats.
Stocks recovered slightly on Tuesday afternoon as the Federal Reserve's policy meeting began, while investors focused on the state of the IPO market and awaited updates on interest rates and economic projections.
US stocks slumped as investors prepare for the Federal Reserve's upcoming interest rate decision, with all three benchmark indexes ending the day lower.
Wall Street stocks moved lower as the Federal Reserve announced its decision to keep interest rates steady for now but forecasted one more rate hike in the near future.
Stocks are preparing for further declines as Federal Reserve Chair Jerome Powell plans to be cautious in future rate hikes, despite consumer resilience in the face of rising energy prices and student loan payments.
The stock market showed a surprising reaction to the Fed's decision to keep interest rates unchanged, with expectations of a pause in rate hikes leading to selling in the market and a potential change in mood for investors.
Summary: The stock market made minor improvements after the Federal Reserve's announcement, with the major indexes off the lows of the day, but investors remain cautious due to economic news on Thursday.