To read further, please register free and login
[s2If !current_user_can(access_s2member_level1)][lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

Market Update: Wall Street Struggles to Gain Traction
US equities fluctuated between slight losses and gains on Tuesday as investors were looking for fresh catalysts to push the indexes higher or at least justify current valuations. An improved economic outlook due to the successful vaccine rollout and unprecedented monetary policy support lifted stocks to record highs recently. However, coupled with this economic boom were persistent concerns that rising inflation could force the Fed to tighten monetary policy sooner and more abruptly than expected. As a result, investors appeared quite reluctant to open new positions ahead of Thursday’s highly anticipated May US inflation report for guidance about the path of crisis-era stimulus. [/s2If]
Join Our Telegram Group