Dow falls 300 points to start second quarter as Treasury yields jump: Live updates
Publishing timestamp: 2024-04-01 13:39:12
Summary
The Dow Jones Industrial Average dipped at the start of the second quarter as traders weighed fresh U.S. inflation data. Federal Reserve Chair Jerome Powell stated that the economy remains strong and inflation is above target, indicating no rush to cut rates. Major averages are coming off a winning first quarter, but the market is considered overbought. Communication services and energy sectors outperformed, while companies like Micron Technology, Cameco, and Semtech made headlines. Gold prices hit a new record, and Japan's Nikkei 225 index fell below the 40000 mark. China's factory activity expanded in March, surprising expectations. Wall Street is ready for the start of the Federal Reserve cutting cycle later this year.
Sentiment: NEUTRAL
Tickers: @DJ.1, SMTC, EA, .DJI, GOOG, GOOGL, AMZN, @GC.1, TSLA, NVDA, MMM, HAL, .DXY, OXY, SOLV?QSEARCHTERM=SOLVENTUM, XAU=, .SPX, APA, HES, DJT, .IXIC, META, DVN, JPY=, @SP.1, CCJ, TTWO, MU, @ND.1, NFLX,
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Source: https://www.cnbc.com/2024/03/31/stock-market-today-live-updates.html