메뉴 건너뛰기

XEDITION

등업게시판

US moves towards faster stock settlement



Apple gains on strong iPhone sales in China



UBS lifts S&P 500's year-end target to Street high of 5,600

*

Futures: Dow down 0.08%, memek S&P up 0.15%, Nasdaq up 0.24%

(Updated at 8:35 a.m. ET/ 1235 GMT)

By Johann M Cherian and Lisa Pauline Mattackal

May 28 (Reuters) - The S&P 500 and the Nasdaq were on track for a higher open on Tuesday after a holiday-extended weekend, as investors awaited key inflation data later in the week that could influence expectations for the Federal Reserve's policy trajectory.H2IJwhqdSJCfIgPUqMK0cxr74.png

The possibility that the world's most influential central bank could kick off interest-rate cuts this year has sent Wall Street on a record-breaking rally since late 2023, with the tech-heavy Nasdaq and the benchmark S&P 500 notching their fifth straight week of gains on Friday.

However, expectations of when the first rate reduction could come have see-sawed as Fed policymakers continue to dismiss the imminent need for one, given data reflecting a still-resilient economy and sticky inflation.

Market attention now shifts to the U.S. core Personal Consumption Expenditures Price Index report for April, due later in the week. The Fed's preferred inflation barometer is expected to hold steady on a monthly basis.

Traders see a 51.2% chance that the first rate cut of at-least 25 basis points could be delivered in September, according to the CME FedWatch Tool.

"The Fed is still in play... real interest rates need to come down. There's a lot of sourness out there at the price of things like food and energy. Overall, inflation is trending down and slowing inflation will give the Fed cover to lower rates," said Kim Forrest, chief investment officer at Bokeh Capital Partners.

U.S. trading moves to a shorter settlement on Tuesday, which regulators hope will reduce risk and improve efficiency in the world's largest financial markets, but is expected to temporarily increase transaction failure for investors.

Among other data, the U.S. consumer confidence report for May is due at 10 a.m. ET, while the second estimate for first-quarter gross domestic product and the Fed's Beige Book, along with remarks from a number of central bankers, are expected through the week.

Minneapolis Fed President Neel Kashkari said in an interview with CNBC broadcast that the U.S. central bank should wait before cutting interest rates, adding that it could potentially even hike rates if inflation fails to fall further.

At 8:35 a.m. ET, Dow e-minis were down 32 points, or 0.08%, S&P 500 e-minis were up 8 points, or 0.15%, and Nasdaq 100 e-minis were up 45.5 points, or 0.24%.

UBS Global Research raised its year-end target for the benchmark index to 5,600 from an earlier projection of 5,400, marking the highest forecast among major brokerages.

Nasdaq futures rose, led by a

3

% rise in AI darling Nvidia, after closing at a record high on Friday.

Apple jumped, up 1.7% after iPhone sales in China surged 52% in April from a year earlier, Reuters calculations based on industry data showed. Apple supplier Qualcomm also rose 2.9%.

Meme stock GameStop shot up 22% after the videogame retailer said late on Friday it had raised $933 million by selling 45 million shares, as part of an "at-the-market" offering.

Norwegian Cruise Line added 3.4% after brokerage Mizuho upgraded the stock to "buy" from "neutral". (Reporting by Johann M Cherian, Lisa Pauline Mattackal and Shubham Batra in Bengaluru; Editing by Pooja Desai)

번호 제목 글쓴이 날짜 조회 수
공지 esky에 오신걸 환영합니다. 관리자 2024.12.09 33
1718 Exploring Gold IRAs: A Comprehensive Look Into Valuable Metallic Investments StormyBoudreaux9228 2025.07.10 2
1717 The Most Effective Places To Buy Gold And Silver Online MavisNgo014645584 2025.07.10 2
1716 KEONHACAI Keo Nha Cai CCDBrandon4143995 2025.07.10 0
1715 US STOCKS-Wall St Set For Gains On China Trade De-escalation Hopes;... ClaribelWeathers07 2025.07.10 0
1714 US STOCKS-Wall St Slides As Treasury Yields Firm Ahead Of Fed... DanutaEdgar517216987 2025.07.10 0
1713 US STOCKS-Nvidia, Other Chips Drag Nasdaq; Markets Eye Inflation Data GeneFogarty118565831 2025.07.10 0
1712 While AI Takes The Spotlight, Infrastructure Stocks Shine CurtRust3357812949 2025.07.10 0
1711 Evaluating The Best Gold IRA Companies: A Complete Information To Safe Your Retirement NydiaKulakowski6010 2025.07.10 2
1710 The Function Of IRA Gold In Diversifying Funding Portfolios BillyDibble2942842 2025.07.10 2
1709 KEONHACAI Keo Nha Cai LornaMcKenny1092158 2025.07.10 0
1708 US STOCKS-Nvidia, Other Chips Drag Nasdaq; Markets Eye Inflation Data FannieTrimm7055 2025.07.10 0
1707 US STOCKS-Wall St Advances As Softer PCE Data Supports Rate-pause... YPSCandra851988824 2025.07.10 0
1706 US STOCKS-Wall St Edges Up With Earnings, Rate-cut Expectations In... MonteWaterworth 2025.07.10 0
1705 Website Development For Seo - Ftp Set Up Guide ColettePellegrino416 2025.07.10 150
1704 German, French And Italian Bond Yields Fall After Cooler US... RandallLamarr56 2025.07.10 0
1703 US STOCKS-Dow Hits Two-week Low As Boeing Plummets; Megacaps Lift... LorettaZepps23272124 2025.07.10 0
» US STOCKS-S&P 500, Nasdaq Poised For Higher Open As Investors Await... FawnCushman52067 2025.07.10 0
1701 188BET – Thiên Đường Cá Cược Trực Tuyến MelbaCouture643 2025.07.10 0
1700 US STOCKS-Wall St Set To Rebound At Open After Retreating On... CarmenNarvaez0557 2025.07.10 0
1699 Stocks Gain As Wall Street Rallies, US Yields Slip JeanaA83778898753971 2025.07.10 0
위로