• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Sunday, January 29, 2023
SLC Metro News
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
No Result
View All Result
Home Travel

Dow Futures Jump As Microsoft Leads, Fed Decision On Tap – Fox Business

dow-futures-jump-as-microsoft-leads,-fed-decision-on-tap-–-fox-business
Share on FacebookShare on Twitter

U.S. equity futures were trading higher helped by Microsoft and ahead of the conclusion of the Federal Reserve’s policy meeting.

The major futures indexes suggest a gain of over 1% after another volatile session pressured stocks on Tuesday. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 34297.73 -66.77 -0.19%
SP500 S&P 500 4356.45 -53.68 -1.22%
I:COMP NASDAQ COMPOSITE INDEX 13539.294893 -315.83 -2.28%

In earnings, Microsoft shares rose over 10% after the software maker’s strong quarter and better-than-expected revenue forecast. 

MICROSOFT PROFITS UP 21%, GIVING CUSHION FOR GAMING PUSH

Ticker Security Last Change Change %
MSFT MICROSOFT CORP. 288.49 -7.88 -2.66%

Tesla reports after the closing bell with Apple on tap for Thursday. 

Ticker Security Last Change Change %
TSLA TESLA INC. 918.40 -11.60 -1.25%
AAPL APPLE INC. 159.78 -1.84 -1.14%

Chip stocks are also gaining momentum after Texas Instruments forecast revenue in the first quarter would be as high as $4.9 billion exceeding analyst estimates. 

Ticker Security Last Change Change %
TXN TEXAS INSTRUMENTS INCORPORATED 173.96 -4.38 -2.46%
NVDA NVIDIA CORP. 223.24 -10.48 -4.48%

 CLICK HERE TO READ MORE ON FOX BUSINESS

At 2pm ET investors will get an update on how aggressively the Federal Reserve will tackle inflation. The U.S. central bank will clarify just how fast it plans to tighten credit and potentially slow the economy. 

Some on Wall Street worry that on Wednesday, the Fed may signal it plans a half-point increase in its key rate. There is also concern that Fed Chair Jerome Powell could suggest that the central bank will raise rates more times this year than the four hikes most economists are expecting.

BIDEN TASKS FED WITH INFLATION FIGHT

Ticker Security Last Change Change %
USO UNITED STATES OIL FUND L.P. 60.97 +0.86 +1.43%

Oil also rose to the $86 per barrel level. Ukraine’s leaders have assured their country that an invasion from neighboring Russia is not imminent but acknowledged the threat is real and received a shipment of U.S. military equipment to shore up their defenses. Moscow has denied it is planning an assault, but it has massed an estimated 100,000 troops near Ukraine in recent weeks and is holding military drills at multiple locations in Russia. That has led the United States and its NATO allies to rush to prepare for a possible war.

In crypto currencies, Bitcoin continued to stabilize trading at the $37K level. 

In other economic news, watch for fresh housing data when the Census Bureau is expected to say that sales of new single-family homes jumped 2.2% to a seasonally adjusted annual rate of 760,000 in December. That would be the highest since April.

In Asia, Japan’s Nikkei 225 slipped 0.4%, Hong Kong’s Hang Seng added 0.2%, while China’s Shanghai Composite rose 0.7%.

FOX Business’ Ken Martin and The Associated Press contributed to this report.

SLC Metro News

© 2021 SLC Metro News

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 SLC Metro News

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT