Dow rises for a fifth straight day as Treasury yields tick lower: Live updates
Publishing timestamp: 2024-05-07 13:50:01
Summary
Stocks rose on Tuesday as traders looked for clues on when the Federal Reserve may start cutting rates. Disney shares fell after posting a revenue miss but exceeding earnings expectations. Palantir's stock plunged on weaker-than-expected guidance. Peloton's stock price jumped on news of a potential buyout. Private equity market is starting to thaw after interest rates stabilized. U.S.-traded shares of Ferrari headed for their worst day since 2022. Minneapolis Federal Reserve President Neel Kashkari expects central bank to sit tight on interest rates. Stanley Druckenmiller revealed he slashed his stake in Nvidia. Australia's central bank held its benchmark lending rate. Japan's service sector activity expanded in April. European Union approved a deal for Japan's Nippon Steel to buy U.S. Steel. Carson Group chief market strategist believes stock correction in April is behind markets. Palantir and Lucid Group shares declined after issuing guidance, while Hims & Hers Health jumped after surpassing revenue estimates.
Sentiment: MIXED
Tickers: PLTR, LCID, X, PTON, DIS, .DJI, @SP.1, HIMS, NVDA, RACE, @DJ.1, .SPX, UBSG-CH, BP.-GB, BP, .IXIC, UBS, @ND.1, 5401.T-JP,
Keywords: peloton interactive inc, s&p 500 fut (mar'23), markets, kenvue inc, palantir technologies inc, s&p 500 index, business news, dow jones industrial average, economic events, nasdaq 100 fut (mar'23), nasdaq composite, united states, breaking news: markets, walt disney co, ubs group ag, bp plc, dow jones fut (mar'23),
Source: https://www.cnbc.com/2024/05/06/stock-market-today-live-updates.html