Wall Street sees mixed trend as Intel drops 7%

The financial landscape is constantly changing, with a wide range of information available to investors. At 16:30 on Wall Street, there were slight declines at the opening, with the Nasdaq down 0.4%, the S&P 500 off 0.1%, and the Dow Jones trading around base levels.

In a recent interview with CNBC, Rafael Bostic, the president of the Atlanta Fed, expressed his belief that interest rate cuts in the US should begin later this year. He pointed to strong growth in the American economy, recovery in supply chains, and a strong labor market as factors that will lead to decreased inflation. Bostic predicted that the Fed’s first interest rate cut may not happen until the end of 2024.

Meanwhile, private sector employment data in the US showed an addition of about 185 thousand jobs in March, compared to 155 thousand in February. Worker’s wages also increased by 5.1% on an annual basis. In Europe, inflation decreased in March to 2.4%, below expectations, with core inflation falling from 3.1% to 2.9%. The stock markets in Europe and Asia were mixed, with slight declines reported in some indices. The price of gold reached record highs due to increased demand for the metal in solar panels, prompting speculation that silver prices may also rise significantly soon.

Companies such as Intel reported an operational loss in its production division and Tesla reported a decline in car deliveries in the first quarter of this year. Disney shareholders voted on board changes during this time as well. Oil prices surged to six-month highs due to supply disruptions and geopolitical tensions within commodities markets worldwide

By Samantha Johnson

As a content writer at newsnmio.com, I craft engaging and informative articles that aim to captivate readers and provide them with valuable insights. With a background in journalism and a passion for storytelling, I thoroughly enjoy delving into diverse topics, conducting research, and producing compelling content that resonates with our audience. From breaking news pieces to in-depth features, I strive to deliver content that is both accurate and engaging, constantly seeking to bring fresh perspectives to our readers. Collaborating with a talented team of editors and journalists, I am committed to maintaining the high standards of journalism upheld by our publication.

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