Shares ended April on an unsightly be aware, weighed down by lackluster corporate reports and a few unsavory financial information. The Dow suffered a 570-point loss, stumbling into the shut at session lows. The S&P 500 and Nasdaq adopted go well with, as buyers get skittish forward of feedback from Fed Chair Jerome Powell tomorrow, the place extra ‘increased for longer’ rhetoric is anticipated. All three main indexes completed April with their first month-to-month losses of 2024.
Proceed studying for extra on immediately’s market, together with:
- 25 stocks to focus on in Could, traditionally.
- 25 stocks to promote in Could, traditionally.
- Plus, BTC inventory cools; two earnings winners; and McDonald’s lackluster transfer.
5 Issues to Know In the present day
- Home prices in U.S. cities proceed to climb. (MarketWatch)
- Cannabis stocks may get pleasure from a decriminalization increase. (Reuters)
- Crypto stock feels Bitcoin pinch.
- Not each earnings report was a catastrophe immediately.
- McDonald’s stock simply cannot get going.
Oil, Gold Log Very Completely different Aprils
Oil costs continued to slink again, as geopolitical tensions simmer amid potential ceasefire negotiations. June-dated West Texas Intermediate (WTI) crude fell 70 cents, or 0.9%, to settle at $81.93 a barrel. For the month, black gold fell 1.5%
Gold costs additionally fell immediately, however clocked a 3.3% acquire for April. June-dated gold futures shed 2.2% to settle at $2,303.90 per ounce.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
