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All three indexes ended the session lower in a broad sell-off ahead of the Fed's interest rate announcement on Wednesday, which is expected to culminate in a decision to leave key interest rates unchanged. The Fed is also due to release its Summary Economic Projections, including its dot plot, which should provide a glimpse into the Federal Open Markets Committee's forecast trajectory of interest rates, inflation and economic growth. On the economic front, a jump in Canada's annual inflation rate due to rising gasoline prices, and a bigger-than-expected plunge in U.S. housing starts helped feed investor uncertainty. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. Starbucks (SBUX.O) lost ground following TD Cowen's decision to downgrade the coffee chain's shares to "underperform."
Persons: Bill Northey, Helena Montana, Northey, Michael Green, Brendan McDermid, Walt Disney, Stephen Culp, Ankika Biswas, Shristi, Aurora Ellis Organizations: Disney, Dow, Nasdaq, U.S . Federal Reserve, Federal Reserve, U.S, Bank Wealth Management, Federal, Management, Fed, Maplebear Inc, chipmaker, Holdings, New York Stock Exchange, REUTERS, Arm Holdings, Dow Jones, Starbucks, General Motors, Ford Motor, United Auto Workers, NYSE, Thomson Locations: Helena, Philadelphia, New York City, U.S, Bengaluru
Futures tied to the S&P 500 traded near flat Tuesday night as investors parsed a batch of corporate earnings from major technology names and geared up for Wednesday's interest rate policy decision. S&P 500 futures were little changed, while Nasdaq 100 futures slid 0.2%. Investors are counting down to the Federal Reserve's latest interest rate policy decision and subsequent press conference with Chair Jerome Powell scheduled for Wednesday afternoon. Wall Street notched a winning day on Tuesday as investors reviewed the latest earnings and made adjustments with the Fed decision on the horizon. Beyond the interest rate decision, investors will continue following the latest corporate financial releases on Wednesday.
Persons: Jerome Powell, Bill Northey, Powell, Mattel Organizations: Nasdaq, Dow Jones, Google, Microsoft, Big Tech, Federal, U.S, Bank Wealth Management, Dow, Boeing, AT, Meta
Robert confronted Winenger with the allegations that November, and within weeks Winenger denied the claims in family court. In a family court hearing in Vista, California, on October 28, 2021, Commissioner Patti Ratekin chastised Jill Montes for allegedly alienating her kids from her ex-husband. From a list provided by the Delaware Family Court, Kelly chose a psychologist, William Northey. Their father cited the report in asking a Delaware family court judge to order the boys to change schools. Family Court of the State of Delaware, New Castle CountyCiting the email and a subsequent report, Michael pressed Ostroski to order the transfer.
Persons: he'd, Robert, stepdad, Thomas Winenger, Winenger, Robert's, Jill Montes, Montes, Patti Ratekin, she'd, Ratekin, Richard Gardner, Gardner, Lynn Steinberg, she's, Maya, shrieks, Joan Meier, They'd, , Meier, Tom Brenner, Paige, Maggie Shannon, Claire, Eden, Weeks, Hester Prynne, Mitra Sarkhosh, Sarkhosh, San Diego Robert, Tom Winenger, Tamatha Clemens, Miguel Alvarez, Alvarez, overreact, Alvarez didn't, Bridges, Janell Ostroski, Linda Gottlieb, Ostroski, Michael D, Ashton, Alfield Reeves, Michael, Kelly D, Kelly, who've, Randy Rand, Chris, Rand, he's, Rand isn't, Jane Shatz of, Joann Murphey, Murphey, Steinberg, Ally Toyos, Kit R, Toyos, Emily, Richard Warshak, Elizabeth Loftus, Harvey Weinstein's, Loftus, Hannah Rodriguez, Linda Gottlieb's, Gottlieb, Rodriguez, Yvonne Parnell, Brian Ludmer, Ludmer, Parnell, aren't, Daniel Barrozo, Mom, Jean Mercer, Mercer, who'd, Michael Saini, Saini, Hannah Yoon, — Ashton, Judge Ostroski, William Northey, Northey, O, Addie Asay, mistreating Ashton, Rachel Brandenburg, Brandenburg, I've, Michael's, Gardner's, Gardner dosed, Dr, Paul Fink, Fink, Warshak, William Bernet, Patrick Clancy, doesn't, She'd, Brian Fitzpatrick, Sen, Susan Rubio, Meier's, Rebecca Connolly, didn't, Connolly, Heidi Simonson, Rubio, Theresa Manzella Organizations: Investigations, San, Business, Child Welfare, of, American Psychiatric Association, World Health Organization, American Professional Society, George Washington University, Violence Law, George Washington University Law School, Columbia University, PAS, Sarkhosh, San Diego County Sheriff's Department, California Health, Welfare Agency, Psychology, Bridges, Texas, Roane, Stockton University, University of Toronto, Families, Delaware Family Court, Family, Delaware Family, Association of Family, Conciliation, Newsday, University of Texas Southwestern Medical Center, HarperCollins, Family Bridges, Vanderbilt University, Disorders, The Justice Department, WHO, of Social Welfare, Family Law, Winenger, Montes, Superior Locations: San Diego County, Vista , California, of California, Family Bridges, United States, Santa Cruz , California, Sacramento, Los Angeles, San Diego, toddlerhood, Ratekin, San, California, Eden, New Castle County , Delaware, New York, Ashton, Delaware, Jane Shatz of California, Seattle, Southern California, Texas, Kansas, Toyos, Bozeman , Montana, Family, Tampa , Florida, New, Hudson Valley, Chino , California, Wilmington , Delaware, of Delaware, New Castle County, Denver, Washington, Pennsylvania, Susan Rubio of Los Angeles County, statehouses, Watsonville , California, Santa Cruz, Michigan , Kansas, Utah, Colorado, Montana
[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 14, 2023. "(Recession) is still out there as a pretty significant risk, but handicapping the timing of it is difficult." Upbeat earnings from Microsoft (MSFT.O), Alphabet Inc (GOOGL.O) and Boeing Co (BA.N) took the sting out of some disappointing economic data, which suggested weakening corporate expenditures on core capital goods. Emerging market stocks rose 0.23%. The dollar index fell 0.35%, with the euro up 0.57% to $1.1034.
Techs lift the S&P 500, dollar softens
  + stars: | 2023-04-26 | by ( Stephen Culp | ) www.reuters.com   time to read: +3 min
SINGAPORE, April 26 (Reuters) - The S&P 500 inched higher on Wednesday and the dollar weakened as investors weighed solid company earnings against weaker-than-expected economic data and ongoing wrangling in Washington on raising the debt ceiling. "Megacaps are doing well based on strong earnings," said Bill Northey, senior investment director at U.S. Bancorp in Helena, Montana. The Dow Jones Industrial Average (.DJI) fell 42.01 points, or 0.13%, to 33,488.82, and the S&P 500 (.SPX) gained 8.73 points, or 0.21%, to 4,080.36. The U.S. dollar softened against a basket of major world currencies as the previous session's flight to safety faded and the euro gained strengthThe dollar index fell 0.46%, with the euro up 0.68% to $1.1047. Crude prices extended their losses as weak economic data further fueled fears of an economic downturn.
Stock futures are modestly lower Wednesday night as investors appraised the latest batch of corporate earnings. S&P 500 futures shed 0.2%, while Nasdaq-100 futures slipped 0.3%. "Earnings reports have been mixed thus far, with individual stocks responding to specific company results relative to expectations rather than broad index directionality," he said. Investors will watch Thursday for more earnings reports, including releases before the bell from Alaska Air and AT&T . Beyond earnings, investors will keep an eye on morning data on jobless claims and existing home sales.
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hawkish sentiment from Federal Reserve officials weighed on stocks and buoyed Treasury yields, giving markets a disappointing start to March. Minneapolis Federal Reserve President Neel Kashkari said Wednesday he's "open-minded" about raising interest rates by either 25 or 50 basis points. Kashkari, who is a voting member on the Federal Open Market Committee, added he might hike rates even further. Subscribe here to get this report sent directly to your inbox each morning before markets open.
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hawkish sentiment from Federal Reserve officials weighed on stocks and buoyed Treasury yields, giving markets a disappointing start to March. Minneapolis Federal Reserve President Neel Kashkari said Wednesday he's "open-minded" about raising interest rates by either 25 or 50 basis points. Kashkari, who is a voting member on the Federal Open Market Committee, added he might hike rates even further. Subscribe here to get this report sent directly to your inbox each morning before markets open.
S&P 500 futures advanced modestly Wednesday night as investors parsed through the latest batch of corporate earnings that dropped after the bell. Futures tied to the broad index traded up 0.2%, while Nasdaq-100 futures gained 0.3%. Futures tied to the Dow gained 27 points, or 0.1%. Tesla and Levi Strauss were among stocks advancing after beating expectations for revenue and earnings per share. Investors will watch Thursday for earnings from airlines including Southwest, American, Alaska and JetBlue.
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