Signal stock

STOCK MARKET NEWS: Fed minutes signal scale of July rate hike as inflation persists

recent news

Stocks post modest gains as Fed signals bigger rate hike

Symbol Price To change %To change
Me: DJI $31,037.68 +69.86 +0.23%
SP500 $3,845.08 +13.69 +0.36%
I: COMP $11,361.85 +39.61 +0.35%

U.S. stocks posted modest gains as investors likely benefited from another big Federal Reserve rate hike at the July meeting, according to minutes from the previous meeting. This was intended to reduce searing inflation. In commodities, oil slid nearly 1% to $98.53 a barrel.

Charles Payne: This is a very narrow trading range

FOX Business host Charles Payne provides insight into stock market trading on “Making Money.”

recent news

FOMC Minutes Signal Bigger Rate Hikes Ahead

Symbol Price To change %To change
Me: DJI $31,165.50 +197.68 +0.64%


+28.33 +0.74%
I: COMP $11,396.50 +74.26 +0.66%

Stocks advanced with modest gains after Federal Reserve officials signaled they were weighing a 50 or 75 basis point increase at the July meeting, according to June meeting minutes. Policymakers also say that “risks to economic growth are tilted to the downside” as inflation “remains high”.

Developing story

Dow leads the market downturn

Symbol Price To change %To change
CLC $142.66 -3.85 -2.63%
CAT $173.76 -4.53 -2.54%
BA $137.70 -2.14 -1.53%

Dow laggards include Chevron, Caterpillar and Boeing.

Dow Jones averages.



recent news

Stocks muted ahead of jobs data, Fed minutes

United States Petroleum Fund L P.



U.S. stocks edged higher in early trading as investors await the latest reading on jobs via the JOLT report and ahead of Federal Reserve minutes, due at 2 p.m., for further clues on the economy. . In commodities, oil continued to slide, trading at the $87/barrel level.

Symbol Price To change %To change
Me: DJI $31,016.82 +49.00 +0.16%
SP500 $3,834.05 +2.66 +0.07%
I: COMP $11,294.25 -27.99 -0.25%

Stock futures are trading lower on fears of recession

US stock futures were down after a tepid trading session on Wall Street amid concerns about a global recession.

Traders and investors will get a preview on Wednesday afternoon of the Federal Reserve’s decision last month to raise interest rates when the minutes of the last meeting are released.

continue reading

Amazon partners with Grubhub

Symbol Price To change %To change
AMZN $113.50 +3.94 +3.60% has agreed to add Grubhub to its suite of Prime services in the US, in a deal that also gives the e-commerce giant the chance to acquire a small stake.

Parent company of Grubhub, based in the Netherlands Just Eat NV, said Amazon had an initial option to take a 2% stake in US-based Grubhub, and US Prime members may have their delivery fees waived at some restaurants.

Gasoline prices continue to fall

The price of a gallon of regular gasoline slid Wednesday morning to $4,779, according to AAA. The price on Tuesday was $4.80. The gas has been declining for 19 consecutive days. Diesel also slipped to $5.716 from $5.726

OPEC Secretary General Barkindo dies at 63

The secretary general of the group of oil producers OPEC, Mohammad Barkindo, has died, according to Reuters. The news was announced by Mele Kyari, the boss of the Nigerian National Petroleum Corp (NNPC). Barkindo, 63, was due to step down at the end of this month after six years at the helm of OPEC. After leaving OPEC, Barkindo was to join the Atlantic Council’s Global Energy Center US think tank as a Distinguished Fellow.

Oil prices rebound after Tuesday’s plunge

Oil prices rose Wednesday morning, rebounding from a selloff. United States West Texas Intermediate (WTI)
crude trades at $100 a barrel
, after closing below that point for the first time since late April. Brent crude futures were trading at $104 a barrel after falling 9.5% on Tuesday, the biggest daily decline since March.

Bitcoin is trading around $20,000

Bitcoin traded around $20,000, gaining back-to-back days into Wednesday. The cryptocurrency has gained more than 7% over this period. Bitcoin is down more than 55% year-to-date and more than 69% from its all-time high in November. Ether is trading above $1,100. Dogecoin is 6 cents.