The Dow Jones Industrial Average has achieved its longest winning streak of 2024, with all three major stock indexes nearing record highs and reversing the declines seen in April.
Meanwhile, the Bank of England has chosen to keep its key interest rate unchanged at 5.25%, but has hinted at the possibility of a rate cut in the near future, potentially as early as June.
On the job front, initial jobless claims in the US have jumped to the highest level in nine months, with a rise of 22,000 to 231,000 in the week ending May 4, according to the US Labor Department.
Companies are now grappling with the prospect of higher interest rates, as they search for ways to mitigate increased debt costs and prepare for potential sales pressures.
Chinese stocks have rebounded, although the foundation for this rally remains weak, with investors wary of previous false dawns.
Corporate America is currently on a spending spree with share repurchases in the first quarter significantly up, led by companies like Meta and Apple.
Investors are deliberating on how to capitalize on the weight-loss revolution, a trend that may take years or even decades to fully materialize.
Regulators are increasingly focusing on whistleblower award programs in the hopes of obtaining insider tips that could lead to enforcement actions.
China’s trade with Europe has declined as President Xi Jinping aims to rebuild ties and address concerns about a surplus of Chinese goods and potential tariffs, with recent data underlining the urgency of his efforts.
The Bank of Japan is growing more apprehensive about the impact of a weaker yen on import prices, as concerns about the inflation outlook mount.
This information was provided by Dow Jones Newswires on May 9, 2024, at 17:15 Eastern Time.