FOREXLIVEOn the day:
Breadth was better today than it was late last week but it was chipmakers Broadcom, Qualcom and Micron leading the way with some help from Tesla and Apple. Nvidia gained just 0.1% in a rare day of underperformance for the superstar stock.
Still, five stocks account for 60% of the year-to-date gain in the S&P 500.
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European stocks closed lower on Thursday on concerns the Federal Reserve might not reduce interest rates more than one time this year despite soft consumer price and producer price inflation data.
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John Wiley & Sons, Inc. (WLY) reported Thursday net income for the first quarter of $25.27 million or $0.46 per share, sharply lower than $68.34 million or $1.22 per share in the prior-year quarter.
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Asian stocks rose broadly on Thursday as soft U.S. inflation data helped keep the door open for a Federal Reserve rate cut in September.
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While announcing its widely expected decision to leave interest rates unchanged on Wednesday, the Federal Reserve also revealed officials now expect only one interest rate cut this year. In support of its goals of
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Asian stocks drifted lower on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates.
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