Fri. 16 May 2025
☁️ 28°C in Dublin
Date: 24-apr-2025
Major U.S. indexes ended Wednesday, April 23, 2025, in negative territory as a late-day selloff in technology stocks pulled the market down. Investors reacted to fresh inflation data and mixed corporate earnings, reigniting concerns about the Federal Reserve's interest rate outlook.
The Nasdaq led losses after a series of underwhelming earnings reports from key tech firms, including chipmakers and software companies. The sector has been under increased scrutiny amid valuation concerns and global chip supply challenges.
Fresh U.S. economic data showed core consumer prices rose slightly more than expected in March, signaling persistent inflation pressures. The reading fueled speculation that the Federal Reserve may keep rates elevated longer than previously anticipated.
“The market had been hoping for a clearer signal that inflation was easing,” said Lisa Grant, senior strategist at GlobalView Capital. “Instead, we're still seeing pockets of stickiness, especially in services.”
On the earnings front, Netflix beat subscriber growth estimates but fell short on revenue expectations, while Tesla’s stock dipped after it missed delivery targets despite strong profit margins. Meanwhile, Procter & Gamble posted stronger-than-expected sales, helping lift consumer staples slightly.
Investors now turn their attention to GDP data due later this week, along with key earnings from Amazon, Meta, and Intel. With the Fed’s next policy meeting just around the corner, markets are likely to remain volatile.
“We’re in a classic tug-of-war between resilient consumer spending and persistent inflation,” added Grant. “That’s keeping investors cautious and reactive to every new data point.”
No comments yet! Be the first one to comment.
Date: 24-Apr-2025
The IMF warns global public debt will reach 95.1% of GDP in 2025, driven by trade tensions and slowing growth, with potential to exceed 117% by 2027.
Date: 24-Apr-2025
Elon Musk retreats from active government advisory role, scaling back his presence in Washington. Yet, his controversial federal project continues to make waves.
