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S&P 500 retreats as investors rotate out of tech stocks and into Walmart, Pepsi and banks: Live updates CNBCStock Market Today: Dow falls after touching intraday high, S&P 500 and Nasdaq trade lower; Palantir rises after earnings; gold and silver rebound; AMD results on tap. MarketWatchS&P 500, Nasdaq drop as selloff in software, cloud firms accelerates ReutersStock Market Today: Major Indexes Retreat as Tech Shares Sink; Dow Sets New All-Time High Before Pulling Back; Gold, Silver Rebound Investopedia
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President Donald Trump on Tuesday signed a funding package into law just hours after the House of Representatives passed it in a 217-214 vote, ending a partial government shutdown that had lasted four days.
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The House on Tuesday passed a roughly $1.2 trillion spending package to end the partial government shutdown, sending the measure to President Donald Trump and setting the stage for a debate in Congress over Homeland Security funding.
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Lindsey Vonn will compete at the 2026 Winter Olympics despite ‘completely ruptured' ACL injury CNNVonn 'confident' she'll race at Olympics despite ruptured ACL ESPNLindsey Vonn to compete in Winter Olympics days after suffering injury in World Cup crash Fox NewsLindsey Vonn says she'll compete in Olympic downhill despite knee injury The Detroit News
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Anxiety got the better of Wall Street on Tuesday, with the stock market tumbling ahead of tomorrow's policy announcement from the Federal Reserve.
Many of Wall Street's top minds are weighing in on how big the Fed rate hike will be. Among them is Brad McMillan, chief investment officer for Commonwealth Financial Network, who, like almost everyone, believes the central bank will hike rates by 75 basis points. A basis point is one-one hundredth of a percentage point.
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"Where things get interesting is in the follow-up comments, where the market tries to parse what this means for the Fed's policy decisions through the rest of the year," McMillan says, referring to the press conference Fed Chair Jerome Powell will hold immediately after the announcement. "Expectations are very hawkish, and the Fed can come out just as expected and still be more dovish than expected. That likely limits the market downside from this meeting and just may provide some upside going forward."
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But today, investors envisioned higher rates ahead, which weighed on bond prices - and sent the 10-year Treasury yield up 7.2 basis points to 3.561%, its highest perch since 2011.
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Broad selling was seen in the equities mar
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