Triple Whammy: GDP, Hotter Inflation Gauge, Meta Spark Market Sell-off 4/25/24
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Description
Carl Quintanilla, Jim Cramer and David Faber covered all of the bases regarding Thursday's stock market sell-off, surge in yields and rate fears.
The catalysts: Q1 GDP growth below consensus estimates, the Core PCE Price Index -- a key measure of inflation -- came in hotter than expected,
Meta shares plunged on revenue guidance and plans to increase spending on AI. Also in focus: An earnings barrage including Thursday’s Dow laggards Caterpillar and IBM,
the CEOs of ServiceNow and Southwest Airlines joined the program to discuss their companies' quarterly results and outlook.
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Published 05/03/24
Published 05/03/24
Carl Quintanilla, Jim Cramer and David Faber covered all of the bases on Friday's stock market rally. The two main catalysts: The April employment report shows the economy created fewer jobs than expected, fueling investor hopes for a Fed rate cut.
Apple shares surged as the company's Q2...
Published 05/03/24
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