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2 articles tagged #fed
Weekly recap: S&P 500 gains 1.05% as megacaps split
The S&P 500 gained 1.05% and the Nasdaq rose 1.59% from July 24 to July 31. Consumer discretionary led, the VIX fell 13.94%, the Fed held rates with three dissenters favouring a hike, and sharply divided mega-cap earnings set up another busy week.
Chip rout hits Asia as Amkor reports record Q2 ahead of Fed meeting
Nasdaq futures lagged and Asian chip shares sold off before Tuesday’s U.S. open, even as oil extended its retreat. Amkor’s new filing showed record second-quarter sales, while the Federal Reserve begins a two-day meeting and U.S. consumer confidence is due at 10:00 a.m. ET.
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