Rising oil prices stoked concerns about more interest rate hikes from the Fed.
Bets by traders were largely tilted toward a 25-basis point rate hike in May, with odds of a pause at 39.1%, according to CME Group's Fedwatch tool.
"We could see inflation bottom out a little bit higher than anticipated, which may mean that the Fed continues their rate hiking a lot longer and further than many currently expect," said Paul Nolte, senior wealth adviser and market strategist at Murphy & Sylvest. U.S. stocks have weathered turbulence in the global banking sector to notch gains in the first quarter, with the S&P 500The tech-heavy Nasdaq recorded its strongest first-quarter jump of 17% since mid-2020.
"We've seen the tech sector rally so hard and so far above everything else that we do expect some profit taking during the month of April," Nolte said. A survey from S&P Global on Monday showed manufacturing activity stayed in contractionary territory in March.The quarterly earnings season is also around the corner, with companies expected to start reporting results in the next few weeks.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Wall Street Journal pulls Russia bureau chief after reporter arrested as spyThe Wall Street Journal pulled its Moscow-based bureau chief Friday, a day after a Russia correspondent was arrested and detained on espionage charges in Yekaterinburg.
Weiterlesen »
Wall Street Bonuses Continue to Soar Compared to Worker WagesFor more than a dozen years now, Wall Street and corporate lobbyists have blocked both financial executive pay restrictions and a federal minimum wage increase. This speaks volumes about who has influence in Washington — and who does not.
Weiterlesen »
Wall Street Bonuses Continue to Soar Compared to Worker Wages \u200bFor more than a dozen years now, Wall Street and corporate lobbyists have blocked both financial executive pay restrictions and a federal minimum wage increase. This speaks volumes about who has influence in Washington — and who does not.
Weiterlesen »
Former Moscow correspondent predicts what awaits detained Wall Street Journal reporter in RussiaFormer NPR Moscow correspondent Lucian Kim weighs what Wall Street Journal reporter Evan Gershkovich could face having been charged with espionage in Russia.
Weiterlesen »
How to invest as risk sparks a selloff: Wall Street strategists'Cracks in the foundation': 3 leading Wall Street strategists reveal the overlooked reason why stocks are on shaky ground right now — and how to invest with a downturn looming
Weiterlesen »
Blinken, Lavrov hold call over detained Wall Street Journal reporterLavrov told Blinken that Evan Gershkovich's fate would be determined by a court.
Weiterlesen »