The Market Screener Marketscreener

Wall Street's tech stocks have once again reached new heights this week, particularly those focused on artificial intelligence. The Nasdaq is close to 20% gains for the year, surpassing the S&P 500 by more than 4%.

Global markets are mixed to start the week, as investors await key economic data and central bank meetings. Political uncertainties in Europe, particularly in France, continue to weigh on market sentiment.

Investors are still assessing Wednesday’s hawkish comments from the Fed as well as the many signals that the US economy is cooling. After reaching new highs yesterday, Wall Street indices retreated in premarket trading on Friday.

The Fed and its chairman Jerome Powell reclaimed the narrative yesterday, as it revised downwards its projections for the pace of rate cuts this year. Powell said that we should only expect one more rate cut this year, probably in December.

A big day ahead for the financial markets, with the Fed’s decision on key rates. Will they come down sooner than expected? The answer will come this afternoon. This morning, investors cheered better-than-expected inflation readings.