(Wednesday Market Open) After several days of tumbling amid trade war fears, markets look like they’re ready to possibly rebound a little Wednesday. Strength in European and Asian indices overnight could help provide some traction, and a slight pullback in bond prices might indicate more willingness among investors to embrace risk.
At the same time, volatility faded a bit, with the Cboe VIX falling back below 13 after rising above 14 earlier this week.
Despite these positive developments and a rally in pre-market trading, there’s no major change on the trade front that’s helped pin down stocks over the last few days. Maybe after a six-day losing streak for the Dow Jones Industrial Average ($DJI), people are simply engaged in some bargain hunting. Whether this can give the market a lift that lasts is unclear. We shall see.
In a major development r
Momentum is a key word as the week begins. Investors seem to be watching the market closely to see if stocks can build on the fierce rally that carried them higher Friday.
Job and wage growth continued to grow a little more slowly than expected in April, but the silver lining might be an ease in fears of inflation.
Trade tensions appear to be back on Wall Street early Thursday as a U.S. delegation meets in China. Key jobs data tomorrow also in focus.
China e-commerce giant Alibaba (BABA) reports earnings before market open on Friday, May 4. Here’s a look at what’s been going on at the company recently.
The Fed kept rates unchanged Wednesday but also sees inflation nearing its 2% target. The Fed also refrained from any hawkish inflation language and seemed positive about the economy.
Investors are digesting the latest quarterly results while awaiting the Fed meeting conclusion later today along with more earnings.
U.S. stock futures were subdued Tuesday as investors looked toward Apple results, a Fed decision, and the monthly jobs report. Merck and Pfizer reported mixed results.
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