Contracts on the S&P 500 ticked higher, after the index ended just short of a record high during the regular trading day on Tuesday.
A monetary policy decision from the Federal Open Market Committee on Wednesday will punctuate what has otherwise been a busy week full of corporate earnings results.
Fedspeak since the March meeting has been consistent in acknowledging improved activity amid accelerating vaccinations, re-opening and fiscal stimulus,” Lewis Alexander, U.S.
“However, participants have also been clear that they are likely to remain patient in removing accommodation,” he added.
But the likely uneventfulness of the April FOMC meeting will belie the significant role the central bank has continued to play in underpinning markets over the course of the pandemic.
“I think right now we’re seeing the perfect equation for near-term growth.
By grabbing market share in the booming market for cloud computing and expanding business services such as its Teams collaboration service and LinkedIn social network, the Redmond, Washington company has become one of the world’s most valuable companies, worth close to $2 trillion after a 50% stock runup over the past year.
Reuters reported earlier on Tuesday that the SEC is considering new guidance to rein in growth projections made by SPACs, or listed blank-check companies, including clarification of when they qualify for certain legal protections.
This recipe comes from Japanese chef Yoshihiro Imai Imai’s new book, monk: Light and Shadow on the Philosopher’s Path, out April 28 from Phaidon Press.Fresh vegetables gathered at the market the same morning, roasted, and sprinkled with salt: This extremely simple dish is one of monk’s signatures.
Google parent Alphabet Inc on Tuesday reported record profit for the second consecutive quarter and a $50 billion share buyback but warned a surge in usage and ad sales during the pandemic may slow as people resume in-person activities.
The financial sector is comprised of companies that offer services including loans, savings, insurance, payment services, and money management for individuals and firms. Financial sector stocks include a wide range of companies involved in retail and commercial banking, accounting, insurance, asset management, credit cards, and brokerage.
A global semiconductor chip shortage, which has hurt Mexico’s auto industry, could improve but still not be fully resolved by the end of the year, said the head of Intel Corp’s Mexico unit, Santiago Cardona.
The charge taken by Switzerland’s biggest bank comes as the fallout from Archegos continues to ripple across the banking industry, with Nomura posting on Tuesday its biggest quarterly loss in over a decade as a result of its dealings with the stricken fund.
Anatoly Crachilov, co-founder and CEO of Nickel Digital Asset Management, which manages assets worth $200 million, told the Reuters Global Markets Forum that regulatory uncertainty was a drag on the development of the crypto space.