From Nasdaq: 2024-03-28 11:59:35

The S&P 500, Dow Jones, and Nasdaq are up this morning due to positive Q4 GDP revisions and lower core PCE price deflator. Fed Governor Waller’s hawkish statements on inflation limited stock gains. Weekly jobless claims unexpectedly declined and European stocks rallied. The chance of a -25 bp rate cut is at 10% for April. Overseas markets show mixed results as T-notes face pressure. ECB sees conditions for monetary loosening. Stock movers include Estee Lauder, RH, Snowflake, Walgreens, and Omnicom Group. Apple and Meta Platforms face losses. Chemours and MillerKnoll forecast lower sales. TD Synnex declines after Apollo Global Management offers shares. Earnings reports from MSC Industrial Direct and Walgreens Boots Alliance are anticipated.



Read more at Nasdaq: Stocks See Support from Improved Soft-Landing Prospects