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Stock market today: Live updates

4 hours ago

Fed’s preferred inflation gauge for March to be released Friday

The Personal Consumption Expenditures Price Index will be due Friday morning, giving the Federal Reserve a detailed look at the latest inflation measures.

For March, economists surveyed by Dow Jones forecast overall PCE growth of 0.3% from the previous month and 2.6% from 12 months earlier. They expect underlying prices, which exclude food and energy costs, to rise 0.3% on a monthly basis and 2.7% year-on-year.

The first-quarter gross domestic product report released Thursday found that PCE for the period rose 3.4%, well above the 1.8% increase in the fourth quarter. The result prompted a sell-off in stocks as investors worried about signs of stagflation – a scenario in which growth in the economy slows but inflation rises.

Darla Mercado

4 hours ago

After Hours Movers

Discover the companies that move after the bell:

Snap – Shares soared more than 27% after hours after the social media company reported first-quarter results that beat analysts’ estimates.

Intel – The technology stock slipped 8% in extended trading after the company missed expectations for first-quarter sales and gave weak guidance for the current quarter.

Dexcom – The maker of glucose monitoring systems fell 8%, even as the company posted top and bottom results.

Gilead Sciences – The biotech stock jumped nearly 3% after a better-than-expected quarterly report. Gilead reported a loss of $1.32 per share, narrower than the $1.49 per share loss expected by analysts surveyed by LSEG.

-Yun Li

News Source : www.cnbc.com
Gn bussni

Sara Adm

Aimant les mots, Sara Smith a commencé à écrire dès son plus jeune âge. En tant qu'éditeur en chef de son journal scolaire, il met en valeur ses compétences en racontant des récits impactants. Smith a ensuite étudié le journalisme à l'université Columbia, où il est diplômé en tête de sa classe.Après avoir étudié au New York Times, Sara décroche un poste de journaliste de nouvelles. Depuis dix ans, il a couvert des événements majeurs tels que les élections présidentielles et les catastrophes naturelles. Il a été acclamé pour sa capacité à créer des récits captivants qui capturent l'expérience humaine.
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