Yahoo Finance Reporter Josh Schafer joins Asking for a Trend to discuss his key takeaways from the trading day. The Nasdaq Composite (^IXIC) hit a record high in Monday’s session despite a higher move in the ten-year Treasury yield. Meanwhile, the GDP forecasts keep falling. The Atlanta Fed’s GDPNow forecast is below 2% for the […]
Tag: GDP
Stock Market Today: Dow Jones Falls On GDP, Jobless Claims; Micron Dives On Earnings
Dow Jones futures dropped, as did the other major stock indexes Thursday, as Wall Street reacted to the Labor Department’s GDP report and weekly unemployment claims. One of the losers on the stock market today was memory-chip maker Micron Technology (MU), plunging a day after it reported earnings. ↑ X NOW PLAYING Nasdaq Edges Higher, […]
Spending 2% of GDP on defence is ‘not enough,’ Estonian minister says
Spending the NATO target of 2% of national gross domestic product (GDP) on defence is “not enough,” Estonia’s defence minister told reporters in Brussels on Friday. “Two per cent is not enough” Hanno Pevkur said, arriving for the second day of talks with fellow NATO defence ministers. “We need to go further from here.” He […]
India’s GDP tops 8% as mammoth election wraps up
Insights from The Wall Street Journal, Bloomberg, and India Development Review The News India’s GDP grew by 8.2% in the fiscal year that ended in March, according to data published Friday, in a boost to Prime Minister Narendra Modi just hours before polls close in the country’s six-week-long election that he is expected to win. […]
IMF upgrades China’s 2024, 2025 GDP growth forecasts after ‘strong’ Q1
By Joe Cash BEIJING (Reuters) -China’s economy is set to grow 5% this year, after a “strong” first quarter, the International Monetary Fund said on Wednesday, upgrading its earlier forecast of 4.6% expansion though it expects slower growth in the years ahead. The IMF said it had revised up both its 2024 and 2025 GDP […]
Brazil’s government hikes 2024 GDP forecast, sees higher inflation
BRASILIA (Reuters) – Brazil’s Finance Ministry on Thursday hiked its projection for the country’s economic growth this year but also raised inflation estimates for 2024 and 2025, underlining price impacts from recent floods in Rio Grande do Sul state. Gross domestic product (GDP) in Latin America’s largest economy is now expected to grow 2.5% in […]
Dow falls 375 points as traders brace for new inflation data after weak GDP
Traders work the floor of the New York Stock Exchange on July 25, 2023, in New York City. Wall Street stocks were mixed early July 25 following a round of generally positive earnings as markets looked ahead to a Federal Reserve interest rate decision.Photo by Angela Weis/AFP via Getty Images US stocks tumbled after the […]
Stocks slide after GDP report prompts inflation, growth concerns
Stocks fell on Thursday after a sharply lower-than-expected reading on US GDP for the first quarter ratcheted up questions about the health of the US economy in the face of persistently high interest rates. Meanwhile, Meta’s (META) revenue forecast rattled tech investors eyeing the next high-stakes megacap earnings. The Nasdaq Composite (^IXIC) fell about 0.6%. […]
Wall Street plunges after US inflation shock
US stocks have fallen heavily on Wall Street amid worries about the timing of interest rate cuts – AP Photo/Mary Altaffer US stock markets plunged amid fears of stagflation in the American economy, which grew at its slowest pace in nearly two years just as inflation jumped. Shares on Wall Street plummeted as official figures […]
Weak GDP, strong prices, highlight Fed dilemma
By Howard Schneider WASHINGTON (Reuters) – U.S. economic growth in the first quarter fell below the Federal Reserve’s estimates of the economy’s long-run potential for the first time in nearly two years, but the signs of slowing were accompanied with fast inflation that, if sustained, would pose a particular dilemma for the central bank. Fed […]
Q1 US GDP shows surprise slowing and uncomfortable inflation
NEW YORK (Reuters) – U.S. economic growth slowed more than expected in the first quarter, but a surprisingly hot quarterly Personal Consumption Expenditure inflation component suggested that the Federal Reserve would not cut interest rates before September. Gross domestic product increased at a 1.6% annualized rate last quarter, the Commerce Department said in its advance […]
US stocks tumble after Meta’s reality check, soft GDP print
Techs led a retreat in US stocks on Thursday as Meta’s (META) revenue forecast rattled investors eyeing the next high-stakes megacap earnings. Meanwhile, a sharply lower-than-expected reading on US GDP for the first quarter ratcheted up questions about the health of the US economy in the face of persistently high interest rates. The Nasdaq Composite […]