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The recently dubbed "Lag Seven" players are once again... lagging. After a brief comeback on Wednesday, fueled by the Federal Reserve, most of the major tech giants lost steam by late Thursday trading. The exceptions: Nvidia (NVDA) and Meta (META), which each rose a modest 0.8% and 0.7%, respectively, with less than twenty minutes left until the closing bell. Still, nearly all of the "Magnificent Seven" stocks are off by about 20% from their 52-week highs as risk-off sentiment pervades markets on the heels of greater policy and Fed uncertainties....

US stock futures rose as investors digested reassuring signals from Federal Reserve Chair Jerome Powell after the central bank held interest rates steady on Wednesday. Futures attached to the Dow Jones Industrial Average (YM=F) ticked up 0.2%. Futures attached to the benchmark S&P 500 (ES=F) and tech-heavy Nasdaq Composite (NQ=F) rose 0.3%. CBOT - Delayed Quote • USD As of 9:05:27 PM EDT. Market Open. YM=F ES=F NQ=F The Fed's decision to keep interest rates unchanged on Wednesday was expected on Wall Street, but markets rallied, driven by a sense...

The Federal Reserve kept interest rates unchanged in a range of 4.25%-4.5% at its March meeting on Wednesday and signaled it maintain its previously expected pace of cuts. Fed officials see the fed funds rate falling to 3.9% this year, on par with its previous December projection. The central bank also raised its respective projections for year-end PCE inflation and the unemployment rate. At the same time, it lowered its economic growth forecast, noting in the policy statement, "Uncertainty around the economic outlook has increased." 15 officials predict a rate...

Global currencies experienced significant declines on Wednesday as the U.S. dollar soared, spurred by the detention of President Erdogan's main political opponent in Turkey. This geopolitical move unsettled investors and sent the Turkish lira to unprecedented lows, prompting a noticeable shift towards safer assets.The ensuing drop in Turkey's lira reverberated through financial markets, impacting major currencies and spurring capital flows into the dollar. The euro, yen, and other currencies saw declines, while investors kept a close eye on the Federal Reserve's impending decision regarding interest rates.Market analysts, including Michael...

US stock futures held steady as Wall Street digested a second day of gains and braced for the Federal Reserve's next policy meeting. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq Composite (NQ=F) remained flat. CBOT - Delayed Quote • USD As of 8:13:41 PM EDT. Market Open. YM=F ES=F NQ=F On Monday, stocks continued to recover from last week's sell-off, which saw the S&P 500 enter correction territory amid concerns about the US economy's ability to sustain President Donald...

The U.S. dollar suffered losses against the Japanese yen and Swiss franc on Monday as market participants grappled with ongoing trade tensions instigated by tariffs. Concerns over a potential slow-down in the U.S. economy further exacerbated the currency's decline.In Europe, the euro retraced gains from the previous week, though maintaining a position near a four-month high. Anticipation is building around potential boosts in government expenditure, as EU finance ministers convene to discuss defense funding options in light of U.S. foreign aid uncertainties.Meanwhile, investors reduced their net long dollar positions,...

US stock futures pushed higher early on Monday amid uncertainty about President Donald Trump’s plans to impose tariffs on major US trading partners this week, which brings a crucial jobs report and key retail earnings. S&P 500 futures (ES=F) climbed 0.3%. while those on the tech-heavy Nasdaq 100 (NQ=F) saw an 0.4% gain. Dow Jones Industrial Average futures (YM=F) were up roughly 0.2%. The major US indexes are coming off a volatile week and a losing month in February. March trading is kicking off with investors facing with more questions...