Interest Rate Concerns May Continue To Weigh On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Wednesday, 01 May 2024 09:02:44 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market Bitcoin [Bitcoin]( DAX [DAX]( Dow Jones [Dow Jones]( Nasdaq [Nasdaq]( The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside following the sell-off seen over the course of the previous session. Concerns about the outlook for interest rates may continue to weigh on the markets ahead of the Federal Reserve?s monetary policy announcement this afternoon. While the Fed is widely expected to leave rates unchanged, traders will pay close to the wording of the accompanying statement along with Fed Chair Jerome Powell?s post-meeting press conference. ?Yesterday?s late selloff characterized a shift in the market?s mindset from hopes of monetary accommodation to acceptance that higher rates will persist,? said John Lynch, Chief Investment Officer for Comerica Wealth Management. ?Consequently, today?s big news wi... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports CADUSD [CADUSD]( Oil [Oil]( Gold [Gold]( EURUSD [EURUSD]( Private sector employment in the U.S. increased by more than expected in the month of April, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment shot up by 192,000 jobs in April after jumping by an upwardly revised 208,000 jobs in March. Economists had expected private sector employment to climb by 175,000 jobs compared to the addition of 184,000 jobs originally reported for the previous month. [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of CVS Health (CVS) are moving sharply lower in pre-market trading after the drugstore chain and pharmacy benefit manager reported weaker than expected first quarter results and cut its full-year prof... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Europe With most major European markets closed on the day, U.K. stocks are little changed. The U.K.?s FTSE 100 Index is currently up by less than a tenth of a percent. On the economic front, U.K. manufacturing activity slid into contraction at the start of the second quarter as improvement in output and new o... [Read More]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stock markets moved mostly lower in thin holiday trading on Wednesday following the broadly negative cues from global markets overnight, with most of the markets in the region closed for a labor day holiday. Traders also remained cautious ahead of the Fed's monetar... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are tumbling $1.38 to $80.55 a barrel after sliding $0.70 to $81.93 a barrel on Tuesday. Meanwhile, an ou... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49