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Search resuls for: "Shreyashi Sanyal Noel Randewich"


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☆ S&P 500 ends down as Apple dips and traders eye Powell speech
  + stars: | 2022-11-29 | by ( Shreyashi Sanyal Noel Randewich | Shreyashi Sanyal | Noel Randewich | ) www.reuters.com   time to read: +3 min
SummarySummary Companies Investors look to Powell speech for interest rate cluesU.S. consumer confidence slips in NovemberS&P 500 -0.16%, Nasdaq -0.59%, Dow +0.01%Nov 29 (Reuters) - The S&P 500 ended down on Tuesday, with losses in Apple and Amazon ahead of an upcoming speech by U.S. Federal Reserve Chair Jerome Powell that could provide hints about magnitude of future interest rate hikes. Investors will be looking for clues about when the Fed will slow the pace of its aggressive interest rate hikes. The S&P 500 energy sector index (.SPNY) rallied 1.3%, while gains in oil prices on expectations of a loosening of China's strict COVID controls were later offset by concerns that OPEC+ would keep its output unchanged at its upcoming meeting. The S&P 500 declined 0.16% to end the session at 3,957.60 points. The S&P 500 posted three new highs and two new lows; the Nasdaq recorded 68 new highs and 183 new lows.
☆ Wall Street mixed as Apple dips and traders eye Powell speech
  + stars: | 2022-11-29 | by ( Shreyashi Sanyal Noel Randewich | Shreyashi Sanyal | Noel Randewich | ) www.reuters.com   time to read: +3 min
Powell is due to speak at a Brookings Institution event on Wednesday about the outlook for the U.S. economy and the labor market. Investors will be looking for clues about when the Fed will slow the pace of its aggressive interest rate hikes. In afternoon trading, the S&P 500 was down 0.03% at 3,962.83 points. Advancing issues outnumbered falling ones within the S&P 500 (.AD.SPX) by a 1.1-to-one ratio. The S&P 500 posted one new high and two new lows; the Nasdaq recorded 46 new highs and 149 new lows.
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