Previous close | 3.2700 |
Open | 3.2000 |
Bid | 3.1900 x 1800 |
Ask | 3.2000 x 3100 |
Day's range | 3.1300 - 3.2400 |
52-week range | 1.8150 - 4.4900 |
Volume | |
Avg. volume | 4,744,058 |
Market cap | 1.584B |
Beta (5Y monthly) | 2.89 |
PE ratio (TTM) | N/A |
EPS (TTM) | -0.6900 |
Earnings date | 08 May 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 4.07 |
The Nasdaq Composite declined 0.8%. Sevens Report Research’s Tom Essaye told _Barron’s_ in a phone interview that hotter-than-expected employment cost and home price data spooked markets after a couple strong days. For Federal Reserve Chair Jerome Powell’s press conference on Wednesday, Essaye beliefs Powell will reiterate that there hasn’t been as much progress on reducing prices as the central bank had hoped.
Wall Street's main indexes fell on Tuesday with caution prevailing ahead of the Federal Reserve's interest-rate decision and as stronger-than-expected labor costs hinted at persistent inflation. U.S. labor costs increased in the first quarter amid a rise in wages and benefits, confirming the surge in inflation early in the year that will likely delay a much-anticipated interest rate cut later in 2024. The data comes ahead of the Federal Reserve Open Market Committee's (FOMC) two-day meeting during the day, with the interest rate verdict and Chair Jerome Powell's remarks at the end of the event in focus.
U.S. stocks headed lower on Tuesday, joining their global counterparts on the path toward a monthly loss as crucial economic data waits in the wings and the U.S. Federal Reserve convenes for its two-day policy meeting. Gold sank, the dollar rebounded and benchmark U.S. Treasury yields ticked higher after a report from the Labor Department showed hotter-than-expected first-quarter employment cost growth, which is unlikely to alter the Fed's restrictive stance. "We have reached new highs in the S&P this year, but there comes a time when a market needs to digest those gains," Sam Stovall, chief investment strategist of CFRA Research in New York.