Nvidia, Palantir weigh on Wall Street, ASX set to rise
Retailer, in the last quarter of the analysts expected a little shorter results reported. However, it still grew in income and stopped by previous estimates for income and profit all year.
Other major retailers will present their latest snow updates in the coming days. Lowe and Target will report on Wednesday on the deck, Walmart and Ross Stores on Thursday.
The possible ceiling tile of the week’s Wall Street comes on Friday. That’s when Federal Reserve President Jerome Powell, Jackson Hole, Wyoming will make a highly anticipated speech. The environment has hosted the Fed’s major policy announcements in the past, and the hope in Wall Street can give Powell’s clue to interest rates.
The FED is primarily keeping the main interest rate constant this year because of the fear that President Donald Trump’s tariffs may increase inflation further. However, a surprisingly weak report on business growth throughout the country may replace it.
Traders at the Wall Street expect the Fed to reduce interest rates at its next meeting in September to support the economy. As a result, the Treasury returns in the bond market fell particularly and fell on Tuesday.
The return of 10 -year Treasury rose from 4.34 percent to 4.30 percent on Monday.
Nevertheless, strategists in Bank of America warn that Powell may not be inclined to reduce interest rates, as expected. It can discuss and discuss the possibility of the worst scenario called “Stagflation for the economy. The FED does not have a good tool to correct this situation, where the economy is also stagnated by the high inflation.
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In Wall Street, Tegna said that Nexstar Media Group will buy the owner of 64 television stations in cash for $ 22 in cash and will give a total of $ 6.2 billion ($ 9.6 billion), including the debt to the agreement. CW and Nexstar, the owner of his own local television broadcasters, fell 1.5 percent.
Companies said that the merger will provide them with a wider access and allow them to compete better with great technology and old media.
Viking Therapeutics fell by 42.1 percent after publishing the results of the clinical study of the oral tablet, which can treat obesity and other metabolic disorders of the biofarmautic company.
In the exchanges abroad, the indices rose in Europe after a modest fell in Asia.
Tokyo’s Nikkei 225 Index, Market Heavyweight Softbank Group Corp., US Chip Maker Intel, a share of $ 2 billion in Intel decreased by 4 percent to fell by 0.4 percent.
Intel climbed 8.2 percent. US Trade Secretary Howard Lutnick confirmed in an interview with CNBC that the Trump administration could take a property share in Intel.
AP
