US Stock Market Holds Beat While New Corrections Loom
The U.S. stock market stayed pretty steady for a second straight day, but the calm could be short‑lived. After three weeks of steady decline, investors may be ready for a fresh correction.
Fed Chair’s Words Keep Yields in Check
- Fed Chair Jerome Powell reminded everyone that the central bank still needs to see solid inflation progress before chopping rates.
- His comments dampened hopes of an immediate rate cut, especially as the economy stubbornly beats on.
More Uncertainty on the Middle‑East Front
Geopolitical tensions add another layer of risk. If things get worse in the Middle East, market participants could lean into safe havens.
What’s Coming Today?
Keep an eye on:
- Fed Governor Michelle Bowman’s speech
- Cleveland Fed President Loretta Mester’s remarks
- The Fed’s forthcoming “Beige Book” — a few words that will give us a snapshot of the largest economy’s current vibe.
Sector Snapshot
- Real estate remains a drag, weighed down by the shifting expectations of monetary policy.
- Earnings season continues to affect individual stocks, adding magic to the mix.
Industry Highlights
- United Airlines surprised customers and investors with a smaller-than‑expected loss and better revenue, lifting many airline shares into the green.
- JB Hunt Transport Services fell short of Wall Street’s quarterly forecasts, causing a dip.
- Megacap giants like Microsoft, Amazon, and Alphabet posted gains, creating a sliver of support amid the macro upheaval.
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