- U.S. stocks rose slightly on Tuesday after Wall Street's main indexes snatched win streaks from the previous session.
- President of St. Louis Fed's James Bullard reiterated his call for the supply chain to be up 3% this year.
- The selloff in the bond market has reduced Treasury's 10-year yield to a record high in 2019.
Shares rose modestly on Tuesday, retaining some of the losses in the previous session after the US Federal Reserve Chairman Jerome Powell said it was open to higher inflation as the central bank looked to combat inflation.
The Dow Jones Industrial Average rose after winning five seasons on Monday. In Tuesday’s session, the Dow Nike segment increased after earnings from sportswear manufacturer in the third quarter of sales and sales exceeded expectations.
The S&P 500 and Nasdaq Composite also went up after Monday's session broke four specific days of profits. Investors on Tuesday appeared to echo Powell's comments on Monday to the National Association for Business Economics that a 50-point increase is likely to rise and that "inflation is too high."
Goldman Sachs said on Tuesday he now expects the Fed to raise interest rates by 50 points in both May and June meetings.
This is where US indicators stand at 9:30 a.m. Tuesday:
- Dow Jones Industrial Average: 34,725.97, up 0.5% (172.98 points)
The President of St. Louis Federal Reserve spokesman James Bullard in a interview on Tuesday reiterated his call for the government to raise more than 3% this year as lower prices put increasing pressure on inflation. The decline in consumer prices reached a new 40-year high of 7.9% in February.
Market betting has suggested that investors expect a half-point increase in possible Fed meeting in May. As investors set higher inflation rates, sales in the bond market continued and pressured Treasury's 10-year yield of up to 2019 by 2.359%. The yield 10 years later measured its profit, increasing five basic points to 2.343%.
JPMorgan analyst Marko Kolanovic eased his stock market downturn on Monday, lowering his S&P 500 year-end price to $ 4,900 from $ 5,050 in the face of national and major risks.
Oil prices have dropped. West Texas Intermediate crude spent 0.2% to $ 111.92 per barrel. Brent crude, an international benchmark, fell 0.2% to $ 115.36.
Gold prices dropped 0.1% to $ 1,927.10 per ounce. Bitcoin gained 4.2% to $ 42,928.34
They just revealed what they believe are the ten best stocks for investors to buy right now…
Courtesy Grizler.com
#grizler #stock #trade
