Stocks Slip as Rising US Labor Costs May Keep the Fed Hawkish

From Nasdaq: 2024-04-30 11:25:58

US stock indexes are lower as rising labor costs push bond yields higher. Corporate earnings are mixed with F5 and GE Healthcare down, while Corning and Eli Lilly are up. Q1 earnings beat expectations, supporting stocks. Markets await the FOMC meeting for Fed policy hints. Overseas markets are mixed. Interest rates and economic data influence market movements. Mixed Chinese activity impacts global growth outlook. ECB data shows Eurozone GDP and inflation figures above expectations. Earnings reports from various companies expected today.



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