US STOCKS-Wall St lackluster ahead of Easter break, eyes sharp Q1 gains
From Nasdaq: 2024-03-28 11:48:20
Wall Street indexes remained flat as investors awaited data to predict Federal Reserve’s policy. S&P 500 set for best first quarter since 2019. Dow edges closer to 40,000. U.S. economy grew faster last quarter. Unemployment claims down to 210,000. Wells Fargo expects slower economic growth. Focus on inflation data from PCE index. Fed Governor Waller suggests holding off on rate cuts for now.
Markets see potential for Fed easing in June. Dow down, S&P and Nasdaq slightly up. Some sectors decline, tech stocks mostly steady. Semiconductor index up double digits. Cryptocurrency companies rise as bitcoin recovers. Estee Lauder jumps on BofA upgrade. Advancing issues outnumber decliners. S&P records new highs and lows, Nasdaq with more new highs.
U.S. stocks poised for strong quarterly gains. Wall Street anticipates data before Federal Reserve’s policy decisions. S&P 500 performs best since 2019. Dow nears historic mark. Economy grows faster last quarter, unemployment claims down. Wells Fargo projects slower growth, focus on inflation data next. Fed Governor Waller hints at holding off on rate cuts, potential for June easing. Tech stocks remain steady, cryptocurrency companies and Estee Lauder rise. Stocks set for strong gains in the first quarter.
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