:max_bytes(150000):strip_icc()/Term-Definitions_Index-665572b2712d4a6ca49b3f49179e3733.jpg)
Hello readers,
It's been an eventful day in the stock market, with investors focusing on signals that point to the Federal Reserve cutting interest rates. The Nasdaq Composite led the way, gaining 0.8%, while the S&P 500 rose 0.5%, and the Dow Jones Industrial Average closed up 0.3%. Tomorrow, we'll be keeping an eye on the consumer-price index, so stay tuned for more updates.
The meme-stock mania continued as GameStop rose another 60% and AMC surged 31%, triggering increased trading from retail investors. This activity has also lifted the shares of brokers like Robinhood.
Meanwhile, copper prices have been rallying, nearing $4.90 per pound as countries rush to buy up supplies of this crucial metal for the energy transition.
On the flip side, Paramount was Tuesday's worst performer on the S&P 500, shedding 5.2%. Reports suggest that Sony could be rethinking its bid for the company.
In other news, Home Depot reported a decline in comparable-store sales, citing high interest rates and their impact on home buying and selling.
For more market insights, don't miss the latest readings of the consumer-price index and retail sales coming up tomorrow. Cisco Systems is also scheduled to report earnings after market close.
Best regards,
Daniel Silva
Comments
Post a Comment