The stock market breathed a sigh of relief as Fed Chair Jerome Powell eased fears of interest rate hikes amid recent inflation surprises.
The Fed now plans to hold rates steady longer to ensure inflation moves toward the central bank’s 2% target.
In April, the labor market displayed some signs of cooling, with the pace of new job creation dropping compared to March, and the unemployment rate unexpectedly rising. The earnings season remains optimistic, with half of S&P 500 companies already having reported, and nearly 80% of them exceeding earnings expectations. Apple Inc. (NASDAQ:AAPL) made headlines Thursday with a double beat announcement and a record $110-billion stock buyback program.
Sell In May?
The “Sell in May and Go Away” …
Full story available on Benzinga.com
The stock market breathed a sigh of relief as Fed Chair Jerome Powell eased fears of interest rate hikes amid recent inflation surprises.
The Fed now plans to hold rates steady longer to ensure inflation moves toward the central bank’s 2% target.
In April, the labor market displayed some signs of cooling, with the pace of new job creation dropping compared to March, and the unemployment rate unexpectedly rising. The earnings season remains optimistic, with half of S&P 500 companies already having reported, and nearly 80% of them exceeding earnings expectations. Apple Inc. (NASDAQ:AAPL) made headlines Thursday with a double beat announcement and a record $110-billion stock buyback program.
Sell In May?
The “Sell in May and Go Away” …
Full story available on Benzinga.com
The stock market breathed a sigh of relief as Fed Chair Jerome Powell eased fears of interest rate hikes amid recent inflation surprises.
The Fed now plans to hold rates steady longer to ensure inflation moves toward the central bank’s 2% target.
In April, the labor market displayed some signs of cooling, with the pace of new job creation dropping compared to March, and the unemployment rate unexpectedly rising. The earnings season remains optimistic, with half of S&P 500 companies already having reported, and nearly 80% of them exceeding earnings expectations. Apple Inc. (NASDAQ:AAPL) made headlines Thursday with a double beat announcement and a record $110-billion stock buyback program.
Sell In May?
The “Sell in May and Go Away” …Full story available on Benzinga.com Read More$BTC, AAPL, Analyst Color, Consumer Tech, Cryptocurrency, EVs, Expert Ideas, Inflation, Interest Rates, Janet Yellen, labor market, Large Cap, Macro Economic Events, Macro Notification, Market Summary, retirement, Robert Kiyosaki, savings, Stories That Matter, TSLA, Top Stories, Economics, Tech, ETFs, AAPL, US0378331005, TSLA, US88160R1014, $BTC, Analyst Color, Cryptocurrency, Large Cap, Macro Economic Events, Market Summary, Macro Notification, Top Stories, Economics, Tech, ETFs, Benzinga Economics
