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The legislation would extend EV tax credits, which should be good news for Tesla , General Motors , though there are various income and vehicle price limits on the credits. However, the main highlight of Wednesday was the Fed’s monetary policy decision, which was to pull its benchmark interest rate to a range of 2.25%-2.50%.

stock market news today

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Home Prices Are Being Slashed In These 10 Cities As Real

A similar situation arises when a company makes an earnings announcement. In contrast, the news that we focus on in this paper differ from such anticipated events in that the timing and nature of the events is not known to the public in advance. That is, most important business-related news events are not prescheduled, and our methodology to identify novel news can be applied even to those events. Forex Second, the topicality measure we introduce is based on the simple idea that a news article that receives more attentions from news agencies and market participants should have a larger impact on stock prices and transaction volumes. While this is probably a widely held presumption among market participants, somewhat surprising no serious academic research has been conducted on this.

  • The Fed appears willing to “accept at least some pain” as it works to unravel inflation with the most aggressive economic tightening campaign in nearly three decades, Bank of America economists say.
  • With a limited number of good-looking stocks in position, investors may want to increase exposure via broad-market or sector ETFs.
  • Our market analysts keep you updated on the latest market trends including stock market data, news, market activity, and economic reports in the daily stock market commentary.
  • First, market reactions to news typically occur when the first report is delivered to market participants, and the first report typically takes the form of an ALERT or a HEADLINE.

Investors are fearful of a recession, but the White House says the economy is resilient. U.S. crude futuresshed 2.5% to end at $106.02 per barrel, marking their second straight decline.

Business Live Ecb Raises Interest Rates More Than Expected To Combat Inflation

The crypto market is battered by massive liquidations from institutional investors and corporates. Meanwhile, Forex the price of bitcoin, ethereum, BNB, XRP, solana, cardano, luna, dogecoin, and shiba inu bounce back.

stock market news today

The information contained herein constitutes general information and is not directed to, designed for, or individually tailored to, any particular investor or potential investor. In earnings, Google parent Alphabet Inc. climbed 7.7% amid resilience in its core search advertising business. Meanwhile, Tech titan Microsoft Corp. advanced 6.7% as a strong revenue outlook offset a slowdown in its cloud computing segment. Chipmaker Texas Instruments Inc. also jumped 6.7% following optimistic guidance. Elsewhere, Chipotle Mexican Grill Inc. surged 14.6% as a bottom line beat offered evidence that price increases were well-received by its customers. Yardeni Research President Edward Yardeni weighs in on second quarter earnings and the Federal Reserve’s move to raise rates by another 75 basis points. When you’re ready for the public markets, we’ll create awareness for your brand’s mission, celebrate your entire team and create a day to remember.

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