Stock analysis posts tagged "federal reserve" from Openbook.
Stocks and gold both rallied on the July payrolls miss, but they are pricing opposite outcomes. Gold has it right. The report said nothing about the inflation the Fed is actually fighting.
Microsoft's biggest one-day gain since 2008 and a 15% jump at Amazon offset a 7.4% slide at Apple, while a divided Federal Reserve held rates and the Dow closed at a record on 3 August.
Alphabet's capex shock and a divided Federal Reserve rattled US markets, before Microsoft's record 16% surge pulled the Nasdaq out of a six-day slide. Here is what moved Wall Street over the past fortnight, and why.