Posted 1/29/2024, 9:56:15 AM
Stocks Mixed Ahead of Fed Decision, Tech Earnings; Evergrande Ordered to Liquidate
- Premarket trading was mixed Monday ahead of Fed interest rate decision and big tech earnings from Apple, Amazon, etc.
- Fed expected to signal potential rate cuts by adjusting language in Wednesday policy statement.
- Inflation report Friday showed prices rose as expected in December.
- Hong Kong court ordered heavily indebted China Evergrande to liquidate after rejecting appeal.
- China suspended lending shares for short selling to support declining stock markets.