The First Slice for Thursday, March 14, 2024

The First Slice for Thursday, March 14, 2024

The First Slice for Thursday, March 14, 2024

On Wednesday, the U.S. stock market had a bit of a rollercoaster ride, showing mixed results as investors were busy processing a bunch of economic signals and corporate earnings.

First up, the S&P 500, a key stock market index, couldn’t keep up its winning streak and didn’t hit another record high. Why? Well, investors were chewing over a report that showed consumer prices in February were stickier (meaning they didn’t drop as much as expected). This report is super important because it gives clues about inflation – basically, how prices for stuff we buy are changing.

Now, everyone’s eyes are on the Federal Reserve, the U.S. central bank. They’re the ones who decide on interest rates, which affect everything from how much it costs to borrow money to how well the stock market does. There’s chatter that the Fed might cut interest rates by a small amount (25 basis points) in June. Guy LeBas, a big-shot strategist, thinks inflation is slowly heading back to the Fed’s target of 2%, but it’s not quite there yet.

Jerome Powell, the head honcho at the Fed, hinted last week that rate cuts are still possible in 2024. The Fed’s projections, which are like their best guesses on where things are headed, suggest they might cut rates three times by the end of 2024. We’ll get more updates on this next Wednesday.

In the tech world, stocks took a little step back after a strong performance the day before. Nvidia, a company that makes chips for AI, saw its stock jump over 7% on Tuesday but then dropped a bit on Wednesday. This kind of up-and-down is pretty common and often happens when investors decide to cash in on their gains.

Before the market opened, some big companies like Dollar Tree and Petco shared their earnings, and a few others like UiPath and Lennar were set to report after the market closed. These reports help investors figure out how companies are doing and where the economy might be headed………First-Slice-e1700879991202 The First Slice for Thursday, March 14, 2024[read more]

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stonestreetcoffee.com ☕️ **Discover Stone Street Coffee Company - Your Coffee Haven!** Today's Dough readers, if you're on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today's Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street's commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

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