All articles tagged with #wall street records
Asian stock markets edged higher after Wall Street reached fresh records, while oil prices slipped, signaling a cautiously upbeat mood as investors weighed global equities against energy costs.
Most Asian markets were closed for May Day, but Australian and Japanese stocks rose as U.S. earnings beat expectations and investors shrugged off weaker data and Iran escalation fears. Wall Street closed at records with the S&P 500 and Nasdaq hitting new highs, oil prices fluctuated after a brief Brent spike, and U.S. GDP grew 2% in Q1.
Stock futures were mostly unchanged as investors awaited the Federal Reserve's interest rate decision, with major averages hitting new records recently. Expectations are for a quarter-point rate cut, and market sentiment is buoyed by easing US-China trade tensions and positive earnings reports from key companies. However, risks like high valuations and government shutdowns remain.