US stocks open higher as Fed governor calls for rate cuts on Triple Witching Day
The post US stocks open higher as Fed governor calls for rate cuts on Triple Witching Day appeared on BitcoinEthereumNews.com. S&P 500 rises 0.5% then pulls back to even on a volatile Friday session. About $6.5 billion in notional options trades expire on Friday. Accenture stock slips after quarterly bookings decline. Kroger stock gains over 7% as gross margin rises to multiyear highs. Fed’s Waller says he could see rate cuts at the July meeting. US stock indices rose half a percentage point in unison at the open on Friday before quickly losing much of their gains to trade mixed. Friday marks the second Triple Witching Day of the year, when about $6.5 billion in notional options tied to the indices and other assets expire, and these sessions usually allow for heavier volatility than usual. Investors are excited by Federal Reserve (Fed) Governor Christopher Waller telling CNBC broadcasters that he could see the central bank cutting interest rates as soon as July. While even Waller said he wasn’t sure the other governors would go along with this, investors viewed his statements as evidence that the two cuts predicted in Wednesday’s dot plot could arrive sooner than expected. At the time of writing, the Dow Jones Industrial Average (DJIA) has gained 0.26%, while the NASDAQ’s advance sank to a 0.1% loss and the S&P 500 is largely flat. A general unease hangs over the market as the Trump administration considers whether to join Israel in its war against Iran after news emerged that the US military is considering dropping a tactical nuke to destroy one of Iran’s uranium enrichment facilities. S&P 500 news The largest grocery chain, Kroger (KR), reported fiscal Q1 results on Friday that missed Wall Street’s revenue forecast but beat the adjusted earnings per share (EPS) consensus. Identical sales excluding fuel rose 3.2% YoY, the fifth straight quarterly advance, and gross margin rose to a multiyear high of…
The post US stocks open higher as Fed governor calls for rate cuts on Triple Witching Day appeared on BitcoinEthereumNews.com.
S&P 500 rises 0.5% then pulls back to even on a volatile Friday session. About $6.5 billion in notional options trades expire on Friday. Accenture stock slips after quarterly bookings decline. Kroger stock gains over 7% as gross margin rises to multiyear highs. Fed’s Waller says he could see rate cuts at the July meeting. US stock indices rose half a percentage point in unison at the open on Friday before quickly losing much of their gains to trade mixed. Friday marks the second Triple Witching Day of the year, when about $6.5 billion in notional options tied to the indices and other assets expire, and these sessions usually allow for heavier volatility than usual. Investors are excited by Federal Reserve (Fed) Governor Christopher Waller telling CNBC broadcasters that he could see the central bank cutting interest rates as soon as July. While even Waller said he wasn’t sure the other governors would go along with this, investors viewed his statements as evidence that the two cuts predicted in Wednesday’s dot plot could arrive sooner than expected. At the time of writing, the Dow Jones Industrial Average (DJIA) has gained 0.26%, while the NASDAQ’s advance sank to a 0.1% loss and the S&P 500 is largely flat. A general unease hangs over the market as the Trump administration considers whether to join Israel in its war against Iran after news emerged that the US military is considering dropping a tactical nuke to destroy one of Iran’s uranium enrichment facilities. S&P 500 news The largest grocery chain, Kroger (KR), reported fiscal Q1 results on Friday that missed Wall Street’s revenue forecast but beat the adjusted earnings per share (EPS) consensus. Identical sales excluding fuel rose 3.2% YoY, the fifth straight quarterly advance, and gross margin rose to a multiyear high of…
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