Stock market today: Nasdaq leads market rally as investors cheer Fed rate decision

Zacks Portfolio Tracker on Zacks.com provides 24/7 monitoring of your stocks and will give you the information you need to help you determine when to buy, hold or sell your stocks. You’ll receive continuously updated Zacks Rank and Style Scores, Earnings Estimate Revisions, Broker Recommendation Changes, Earnings Surprises and more. Note that you should also add your mutual fund and ETF positions to monitor changes in their Zacks Rank as well. We believe solid demand for its storage and networking chips from the 5G infrastructure and data-center end markets could be a growth driver. AECOM enjoys a dominant market share in the transit and water markets, which remains positive for 2025 and beyond. On the individual stock side, Nvidia (NVDA) stock rose 1.8%, recoup a modset chunk of Tuesday’s tech-rout losses as GTC-linked headlines rolled in.

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Please bear with us as we address this and restore your personalised lists. “The recent breakout point of 22,800 will provide immediate support for the index followed by 22,700. However, trend line resistance and 50-Days Exponential Moving Average (EMA) are located around 23,000 levels, which will serve as a short-term barrier. Considering the overall positive momentum, traders are advised to adopt a ‘buy on dips’ strategy in the short term,” said Hrishikesh Yedve. “Technically, after a promising uptrend rally, Sensex is witnessing range-bound intraday activity at higher levels. It also formed a small bullish candle on daily charts, indicating indecisiveness between the bulls and the bears.

The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. On the labor market, Powell continued to point towards better balance in the job market, and said beaxy exchange review it remains a low hire, low fire environment. Stocks finished off their highs of the session, with the Nasdaq up more than 2% shortly after Fed Chair Jerome Powell’s press conference wrapped. The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index.

“For the remainder of the year, the S&P 500 has posted respective average and median returns of 4.9% and 6.4% after May,” Turnquist says. The communications services sector has been the best-performing S&P 500 sector of 2024 thus far, led by top performing stocks Netflix (NFLX) and Meta Platforms (META). The S&P 500 has also historically performed very well in the second half of election years under a first-term president, such as current President Joe Biden. “A cooler economy is limiting businesses’ ability to raise prices, which will help slow inflation in the second half of the year,” Adams says. “I do think it’s really a question of keeping policy at the current rate for longer than had been thought,” he said. By signing up to newsletters, you agree to our Terms of Use and acknowledge the Privacy Policy.

  • We believe solid demand for its storage and networking chips from the 5G infrastructure and data-center end markets could be a growth driver.
  • ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
  • Relatively high rates, solid loan balances and fee income growth efforts are expected to keep aiding Commerce Bancshares’ revenues.
  • The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to extend gains on Thursday and open higher, tracking positive global market cues after the US Federal Reserve announced its monetary policy.

US stocks pulled back on Thursday as investors scrutinized Walmart’s (WMT) outlook and assessed the impact of President Trump’s planned tariffs and policy shifts. Tesla shares also dipped slightly lower as investors readied for Elon Musk’s car company to report earnings after the closing bell. Investors are pricing in a 69% chance the Fed is still on track to cut rates two more times this year, but odds for a rate cut in January have fallen to 45%, down best semiconductor stocks from 66% a week ago, according to the CME FedWatch tool. On Wall Street, Nvidia helped support the market after rising 1.8% to cut its loss for the year so far to 12.5%. NEW YORK (AP) — U.S. stocks climbed Wednesday after the Federal Reserve said the economy still looks healthy enough to keep interest rates where they are.

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Once you do, you’ll be notified of major events affecting your stocks and/or funds with daily email alerts. Wide range of dialysis products, solid international foothold and strategic acquisitions and collaborations are the major growth catalysts. The Fed’s view of how Trump’s trade, immigration, and other policies could impact the economy — and inflation and the labor market in particular — were key focuses for investors amid growing worries about US growth. Wednesday’s announcement revealed few changes from December’s outlook, with nine Fed officials looking for two interest rate cuts this year while eight see there likely being only one cut or fewer. “The Bank Nifty index surpassed the hurdle of 49,650 and formed a big bullish candle on the daily chart, suggesting strength. If the index stays above 49,650, the upward momentum is likely to continue.

For President Trump, the barrage of tariffs the U.S. is set to unleash on the country’s largest trading partners on April 2 amounts to “Liberation Day,” as he described the trade measures Thursday on social media. To the Federal Reserve, as Chair Jerome Powell relayed on Wednesday, tariffs are a broadside on economic growth. One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com.

The Gift Nifty was trading around 23,065 level, a premium of nearly 93 points from the Nifty futures’ previous close. Since 2024, the S&P 500’s highs were accompanied by bulls at 60% based on data from the Investors Intelligence Survey, a sentiment survey for attitudes of US advisors. “So, it tells you that the index movers are pulling the index down, but for the majority of stocks, the selling has stopped,” Meisler said. While she couldn’t gauge the depth or reason for it, she advised taking profits ahead of the event, citing that the overbought/oversold oscillator was making lower highs, a sign that buying pressure was weakening.

  • High customer concentration and elevated interest expenses are other key concerns.
  • Leading Economic Indicators (LEI), also for February, swung to a negative -0.3% from +0.2% in the prior quarter, and lower than the -0.2% anticipated.
  • Chris Zaccarelli, chief investment officer at Independent Advisor Alliance, says investors shouldn’t be too focused on the interest rate outlook that they lose sight of what truly matters—the economy.
  • Increased focus on key brands, cost-control efforts and IP-driven Strategy to drive growth.

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Meanwhile, Tesla (TSLA) shares also rebounded by more than 4.5% as Cantor Fitzgerald upgraded the stock to a “Buy” rating. It believes the overall market structure is positive and expects the Nifty 50 index to move above the same and head towards 23,500 levels in the coming weeks. Nifty 50 continued with follow-through upside momentum on March 19 and closed the day higher by 73 points. It recently made a higher low, suggesting that selling pressure is subsiding. Tesla stock rebounded on Wednesday on news the EV maker was one stop closer to robotaxi ride-hailing in the state of California. Adam Turnquist, chief technical strategist for LPL Financial, says historical market performance since 1950 suggests there’s no good reason for investors to “sell in May and go Esports stocks away” this year.

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More than anything, the message from the Fed seemed to be how much uncertainty is clouding everything. Barry Bannister, chief equity strategist at Stifel, thinks stocks could climb in the near term as investors focus on word from the Fed that it could still lower rates twice this year. Over the longer term, the question hovering over markets will be how the economy responds to the shock therapy administered by Mr. Trump, and whether the Fed has the medicine to address it. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.89% per year.

Dow Jones Key Figures

On the upside, the psychological level of 50,000 will act as a key hurdle. Short term traders are advised to adopt a ‘buy on dips’ strategy in Bank Nifty,” said Hrishikesh Yedve. A note by Bajaj Broking Research said that on the daily chart, Nifty 50 has formed a small bull candle with shadows in either direction signaling consolidation with positive bias after Tuesday’s strong up move. In contrast, the lower chart for the S&P 500 shows the index continued to make a lower low, indicating a divergence as investors continued to shed off riskier, rich technology stocks.

General Mills also cut forecasts for revenue and profit over its full fiscal year, partly because it expects “macroeconomic uncertainty” to continue to affect its customers. When Treasurys are paying investors less in interest, they can encourage investors to pay higher prices for stocks. The Fed has been holding interest rates steady this year, after cutting them sharply through the end of last year. While lower rates can help give the economy a boost, they can also push inflation upward. Concerns that the US economy is showing signs of strain have receded after data this week showed inflation heading in the direction desired by the Federal Reserve, which holds its policy meeting next week. The Zacks #1 Rank List is the best place to start your stock search each morning.

Nasdaq Composite on pace for its best day since January

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Fortunately, S&P 500 companies have reported better-than-expected first-quarter earnings growth of 6% year-over-year, and they have remained resilient in a difficult inflationary environment. In fact, the S&P 500 is on track for its best quarter of earnings growth since the first quarter of 2022.

Investors are hoping the market can continue its bullish momentum in June as the S&P 500 enters a three-month stretch that has historically been one of the best periods of the year for stocks. One looming challenge is Trump’s tariffs, which have prompted the likes of General Motors (GM) to consider big changes to their business. The latest in his policy overhaul is a planned 8% cut in Pentagon spending, which dragged on Palantir’s (PLTR) stock down about 5%. “Tesla could actually net meaningful sales gains over time,” TD Cowen analysts wrote this week.

The Fed said it will also begin paring the monthly reductions of its trove of Treasurys beginning in April. Such a move can help keep longer-term yields lower than they would otherwise be. He covers business, economics, money and workplace issues for CBS MoneyWatch. For people thinking of taking out a loan, of course, what is certain is that for now the Fed prefers to assess the impact of these policies before cutting its benchmark interest rate. Zacks Rank Home – Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Infosys is growing from the renewal of traditional services and the rolling out of others in areas such as AI, cloud, big data and analytics. Improving IT spending and strategic acquisitions and partnerships are other upsides.

Escalating expenses are likely to limit Evercore’s bottom-line growth in the long term. The muted Investment Management segment’s revenues and a competitive landscape affect its top line. Tepid sales projection, high costs & expenses, and federal government actions may mar the company’s prospects. Crown Castle’s top-line growth is likely to be affected by the consolidation in the wireless industry. High customer concentration and elevated interest expenses are other key concerns. Increased focus on key brands, cost-control efforts and IP-driven Strategy to drive growth.