economy
Thursday's Big Stock Stories: What's Likely to Move the Market in the Next Trading Session
Stocks fell on Wednesday after the Federal Reserve's so-called "dot plot" suggested that an interest rate hike could be in the cards for 2026.
TL;DR
- Apple is expected to raise prices due to increasing memory chip costs.
- Moderna is presenting its case for an mRNA flu shot to an FDA committee.
- Jobless claims data is anticipated, with predictions leaning towards a higher-than-expected reading.
- Kroger is set to release its quarterly results.
- Several large banks, including Bank of America, Citigroup, Goldman Sachs, JPMorgan, and Morgan Stanley, reached new highs.
- Oil prices, both Brent and West Texas Intermediate, have fallen significantly over the past month.
- Major stock exchanges, including Nasdaq, Intercontinental Exchange, CME Group, and CBOE, experienced substantial drops.
- Comcast shares hit lows not seen since April 2014.
- Salesforce shares are at their lowest point since January 2023.