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Stocks rise to start the week on hope of Fed rate cuts: Live updates - TL;DR CNBC

Stocks rise to start the week on hope of Fed rate cuts: Live updates

Publishing timestamp: 2024-05-06 13:52:15


Summary

U.S. stock indexes advanced on Monday as traders lift Federal Reserve rate cut expectations. Micron shares gained after an upgrade, while Spirit Airlines and Medical Properties Trust saw declines. Warren Buffett's Berkshire Hathaway reported strong earnings, while former Starbucks CEO Howard Schultz criticized the company's performance. Churchill Downs had a strong Kentucky Derby, and silver-related ETFs jumped. Japanese yen faces resistance against the U.S. dollar, and private surveys showed mixed results for China and Hong Kong's business activity. Warren Buffett revealed that Berkshire Hathaway dumped its entire Paramount stake at a loss.


Sentiment: MIXED

Tickers: MUAAPLTSN.SPX@DJ.1BRK.BSBUX.IXICUBERCHDN.DJI@CL.1SAVE2317-TWSIL@ND.1SLV@SP.1MPWBRK.ACDE@LCO.1DIS

Keywords: nasdaq 100 fut (mar'23)marketsuber technologies incwalt disney coeconomic eventsunited statesbreaking news: marketsberkshire hathaway incdow jones fut (mar'23)micron technology incpriceswarren buffettbusiness newsnasdaq composites&p 500 fut (mar'23)s&p 500 indexdow jones industrial averageapple inc

Source: https://www.cnbc.com/2024/05/05/stock-futures-inch-higher-sunday-after-weaker-than-expected-jobs-report-left-investors-looking-up-live-updates.html


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