Live Markets: Wall St ends higher with Fed and earnings in focus

Cerillion

02/05/2024 21:22

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      Nasdaq out front adding 1.5%, S&P, Dow both up ~0.9%
    

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      S&P sectors: technology rises most, materials biggest
loser
    

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      Dollar, gold down; US crude flat; bitcoin up >3%
    

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      U.S. 10-year Treasury yield edges down to ~4.58%
    

  
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    WALL ST ENDS HIGHER WITH FED AND EARNINGS IN FOCUS    
    The S&P 500  .SPX  and the Nasdaq Composite  .IXIC  closed
higher after falling for the last two sessions, while the Dow
 .DJI  clocked its second straight daily gain. 
    As they digested earnings reports and waited for more
earnings and economic data, investors appeared reassured by the
Federal Reserve's signal on Wednesday that while it may have to
keep rates higher for longer, its to-do list does not currently
include a rate hike.
    Of course the Fed has long insisted that policy decisions
will depend on how the economic data looks, so investors will 
carefully monitor the April payrolls report due out on Friday
morning before the market open. 
    For April, economists polled by Reuters are expecting
non-farm payroll additions of 243,000 compared with 303,000 in
March. 
    Investors are also monitoring earnings season with Apple
Inc's  AAPL.O  report due out after Thursday's close. 
    Of the S&P 500's 11 major industry indexes, nine advanced on
Thursday with information technology  .SPLRCT , finishing up
1.64% and leading the gainers while materials  .SPLRCM  was the
biggest decliner, falling 0.5%. The second-biggest gainer was
consumer discretionary  .SPLRCD , which added 1.58%, while the
second-biggest loser was healthcare  .SPXHC , which fell 0.1%. 
    Here is your closing snapshot: 
    (Sinéad Carew)
     *****


    FOR THURSDAY'S EARLIER LIVE MARKETS POSTS:

    EARNINGS MAY BE MIXED BUT OVERALL VIEW IS BRIGHTER - CLICK
HERE    
    
    DON'T PUT ALL YOUR EGGS IN ONE BASKET, EVEN IF IT SCREAMS
AI! - CLICK HERE
        
    SO WHAT HAPPENED IN APRIL? - CLICK HERE
    
    THURSDAY DATA: PRELUDE TO PAYROLLS - CLICK HERE
    
    WALL STREET EYES A DOVISH WAIT - CLICK HERE
    
    U.S. INDEX FUTURES CLIMB EARLY AS INVESTORS DIGEST FED -
CLICK HERE
    
    A BALANCING ACT TO LURE INFLOWS INTO UK EQUITIES - CLICK
HERE
    
    THE UK HAS ITS PREMIUM STOCKS TOO! - CLICK HERE
    
    POST-DATA PRICE ACTION SUGGESTS STAGFLATION FEARS - UBS
-CLICK HERE
    
    SCOPE FOR MORE EPS UPGRADES IN EUROPE - BOFA - CLICK HERE
    
    STOXX GOING NOWHERE, "LOW QUALITY BEAT" FOR NOVO - CLICK
HERE
    EUROPE EYES MUTED START POST-FED - CLICK HERE
    INTERVENE, RINSE, REPEAT - CLICK HERE

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Wall Street indexes gain, just two S&P 500 industry sectors fall
   https://tmsnrt.rs/3WpRrSV
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