Wall Street week ahead: Spotlight on Fed minutes, Nvidia Q1 earnings

Wall Street week ahead: Spotlight on Fed minutes, Nvidia Q1 earnings

On Wall Street in the week ahead, the spotlight will be on the minutes of the Federal Reserve’s last monetary policy meeting and first quarter earnings from the chip giant Nvidia. Both the events are scheduled for Wednesday. In other economic developments, investors will closely watch for Fed chair Jerome Powell’s commencement remarks and home … Read more

Wall Street week ahead: Investors’ focus on inflation & retail sales data, Walmart earnings

Wall Street week ahead: Investors’ focus on inflation & retail sales data, Walmart earnings

Investors on Wall Street in the week ahead will look for two major economic data – consumer price inflation and US retail sales – apart from other reports and corporate earnings. Both, inflation and retail sales data have the potential to influence the Federal Reserve’s monetary policy. In earnings, retail giant Walmart and Home Depot … Read more

Gold hits two-week high on US rate cut speculation; silver surges marginally

Gold hits two-week high on US rate cut speculation; silver surges marginally

Gold prices surged on Friday, marking their most substantial weekly gain since early April, driven by pessimism surrounding the weak U.S. employment data, which bolstered expectations of interest rate cuts by the Federal Reserve in the coming months. Spot gold saw an impressive 1.1% increase, reaching $2,372.46 per ounce by 1203 GMT, achieving its highest … Read more

Stocks, Bonds Gain After $25 Billion Treasury Sale: Markets Wrap

Equities rose as a jump in jobless claims reinforced bets on Fed policy easing — and extended gains after a $25 billion sale of 30-year bonds saw decent demand. The S&P 500 topped 5,200 — though trading volume was 20% below the average of the past 30 days. Gains in stocks have also been attributed … Read more