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: MU, AAPL, TSN, .SPX, @DJ.1, BRK.B, SBUX, .IXIC, UBER, CHDN, .DJI, @CL.1, SAVE, 2317-TW, SIL, @ND.1, SLV, @SP.1, MPW, BRK.A, CDE, @LCO.1, DIS,
Keywords: nasdaq 100 fut (mar'23), markets, uber technologies inc, walt disney co, economic events, united states, breaking news: markets, berkshire hathaway inc, dow jones fut (mar'23), micron technology inc, prices, warren buffett, business news, nasdaq composite, s&p 500 fut (mar'23), s&p 500 index, dow jones industrial average, apple inc,