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March inflation comes in hotter than expected: Dashing hopes for early rate cuts?
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Market Seeing Red, UNH Keeping Dow in the Green | Market Moovers

Kevin Travers joined discussion · Apr 16 10:02
Market Seeing Red, UNH Keeping Dow in the Green | Market Moovers
Morning mooers! It is Tuesday, April 16th, the market is open and chugging away, trending a mixed bag of red and green following a sell off day.
My name is Kevin Travers, my allergies are starting but the spring flowers are blooming, and here are your morning moovers:
Bank earnings are in full swing, with large banks reporting this morning.
$Bank of America reported results that failed to impress, down 4.2%.
$Morgan Stanley's first-quarter earnings showed a pickup in investment banking, climbing 3.2%.
$UnitedHealth was the S&P 500s largest gainer, up 4.7% on upbeat earnings this morning. The stock gain is pulling the entire Dow Jones in the green.
When it comes to sectors, eyes are watching the commodities. Oil and gold are in the green following inflation fears. The $U.S. 2-Year Treasury Notes Yield and the $U.S. 10-Year Treasury Notes Yield climbed Tuesday as well, as investors were looking away from stocks as the market pulls back.
Source: moomoo
Source: moomoo
Indexes opened and trended toward the green but fell into the red after a rough pullback day.
Shortly after 11 AM EST, the $S&P 500 Index traded -0.30%. The $Dow Jones Industrial Average climbed about 0.11%, and the $Nasdaq Composite Index fell 0.21%.
After inflation data last week, investors are awaiting further news and speeches from the Federal Reserve on the direction of interest rates. Tuesday morning, the Fed's Vice Chairman Philip Jefferson sad inflation is higher than he wished, and that it would decline but the outlook was uncertain.
Fed Chair Powell will speak later in the day Tuesday.
Mooers, what are you watching today?
Source: Bloomberg, Dow Jones, CNBC, Reuters
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