April 14, 2024 2:53 pm
Wall Street sees mixed trend as Intel drops 7%

Economic and financial news are constantly being updated in the world of trade reviews, with a wide range of information covered. This includes current reports, trends, indices, stock prices, bonds, foreign exchange, commodities, and analyst recommendations. On Wall Street at 16:30 on a recent day, there were slight declines with the Nasdaq down 0.4%, the S&P 500 off 0.1%, and the Dow Jones trading around base levels.

In an interview with CNBC, Rafael Bostic, the president of the Atlanta Fed expressed his belief that interest rate cuts in the US should begin later this year. He pointed to several factors such as strong growth of the American economy, recovery in supply chains and strong labor market as leading to a decrease in inflation. Bostic predicted that the first interest rate cut may not happen until the end of 2024.

In terms of employment data in the private sector in the US, there was an addition of about 185 thousand jobs in March compared to 155 thousand in February and worker’s wages also increased by 5.1% on an annual basis. Meanwhile, Gilat reported an order of more than $5 million from the US Department of Defense among other recent orders totaling $30 million in various areas.

In Europe, inflation decreased to 2.4% in March which is below expectations with core inflation falling from 3.1% to 2.9%. However, stock markets in Europe and Asia were mixed with slight declines reported in some indices while gold reached record highs due to supply disruptions and geopolitical tensions prompting speculation that silver prices may also rise significantly due to increased demand for it in solar panels.

There were also updates on various companies including Intel reporting operational loss its production division; Disney shareholders voting on board changes; Tesla reporting decline car deliveries in first quarter; all while analysts express differing opinions on interest rate cuts, market trends and individual company performances

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