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Search resuls for: "Philip Jefferson's"


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CNBC's Jim Cramer told investors that the deadly conflict between Israel and Hamas may not be driving Monday's market action. "Let me put it this way: The market is about stocks, stocks are about companies, companies are about prospects, and there's nothing here that impacts those prospects, save the possibility of this blowing up into a war between Israel and Iran," Cramer said. Cramer wondered whether the reason could be possible investor desensitivity to Mideast conflict after Russia's invasion of Ukraine, or perhaps that investors saw no direct consequences to the U.S. economy. Jefferson said the central bank needed to "proceed carefully" when deciding whether to further hike up interest rates. "This is a situation where sadness begets more sadness, but no selling on its own," Cramer said, adding that Wall Street is currently focused on Jefferson's comments and corporate profits on the eve of earnings season.
Persons: CNBC's Jim Cramer, Cramer, desensitivity, Philip Jefferson's, Jefferson Organizations: Dow Jones, Nasdaq, Federal Reserve, Fed Locations: Israel, Iran, Ukraine, U.S
Morning Bid: Powell patter, UK shock, FedEx warning
  + stars: | 2023-06-21 | by ( ) www.reuters.com   time to read: +4 min
A look at the day ahead in U.S. and global markets from Mike DolanThe Fed chair has a tricky message to communicate. Powell's colleagues on Tuesday stressed again they would stay the course until inflation is back to its 2% target. UK inflation defied expectations of a slowdown and held at 8.7% in May, while 'core' inflation jumped above 7% for the first time since 1992. In corporate news, FedEx FDX.N shares dropped almost 3% overnight after a profit warning. Events to watch for later on Wednesday:* Federal Reserve Chair Jerome Powell testifies to House Financial Affairs Committee.
Persons: Mike Dolan, Jerome Powell's, rationalises, Powell's, Treasuries, BoE, Sterling recoiled, Rivian, Jerome Powell, Adrian Kugler, Philip Jefferson's, Lisa Cook, Austan Goolsbee, Loretta Mester, Christina Fincher Organizations: Federal Reserve, National Association of Home Builders, Bank of, FedEx FDX.N, Rivals Rivian, European, Financial, Fed Board, Chicago Fed, Cleveland Fed, Treasury, Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Wells Fargo, Britain, Bank of England, China
Wall Street climbs after worst weekly selloff of 2023
  + stars: | 2023-02-27 | by ( Sruthi Shankar | ) www.reuters.com   time to read: +4 min
"February historically is the second worst month of the year for the stock market. So investors are concluding from a seasonal perspective that maybe stocks could rally at least in the near term." The yield on two-year notes , the most sensitive to short-term rate expectations, slipped after touching a near four-month high earlier in the session. After last week's hawkish comments from the Fed policymakers, investors will turn to Fed Governor Philip Jefferson's speech later in the day. Seagen Inc (SGEN.O) surged 12.2% after the Wall Street Journal reported that Pfizer (PFE.N) was in early talks to acquire the biotech firm.
Futures pointed to a recovery in sentiment on Monday as U.S. Treasury yields slipped after a strong rally. Rate-sensitive growth stocks such as Apple Inc (AAPL.O) and Amazon.com Inc (AMZN.O) climbed in premarket trading. So investors are concluding from a seasonal perspective that maybe stocks could rally at least in the near term." After last week's hawkish comments from the Fed policymakers, investors will turn to Fed Governor Philip Jefferson's speech later in the day. Seagen Inc (SGEN.O) surged 13.2% after the Wall Street Journal reported that Pfizer (PFE.N) was in early talks to acquire the biotech firm.
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