The S&P 500 and Nasdaq Composite cinched their third straight negative session on Tuesday.
Traders work the floor during morning trading at the New York Stock exchange ahead of the US Federal Reserve's decision on lending rates, in New York on January 31, 2024.U.S. stocks rose Wednesday after the S&P 500 notched its third straight day of losses, as the corporate earnings season ramped up.
Iran's navy commander is escorting the country's commercial ships to the Red Sea, Commander Shahram Irani said in Google-translated "While we have recently lowered our expectations on the timing and magnitude of Fed rate cuts, we believe the US central bank remains on track to cut rates twice this year, most likely starting at its September meeting," Marcelli wrote. "This means the return outlook for quality bonds remains positive and attractive, and that recent losses in fixed income are likely to be temporary.
The agency said that the move is in line with it cutting China's outlook by the same extent on April 9. Fitch also slashed the outlook on China from "stable" to "negative," but reaffirmed its rating at "A+" The services sector index fell to +25 from +32 in the previous month, despite some gains by retailers, Reuters said.
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