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Dow Jones bounces 48,700 lows as post-Fed markets recover

DJIA futures dropped close to 0.7% on Wednesday, falling from a session high near 49,250 to a fresh session low around 48,700 during Powell’s press conference before staging a sharp final-hour recovery that returned price to trade close to 48,790. The day showed steady selling through the FOMC decision and…

Dow Jones slips below 49K ahead of Powell’s final Fed rate call

Dow Jones Industrial Average futures drifted lower through Wednesday’s session, trading close to 48.8K at the time of writing after rejecting levels above 49.3K during the prior day. The S&P 500 hovered around the flatline alongside the Nasdaq Composite, with traders holding back ahead of the Federal Reserve (Fed) decision later in the session and a heavy slate of mega-cap technology earnings due after the closing bell.Durable Goods beat keeps inflation watch liveMarch Durable Goods…

Finance news

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Amtrak is mimicking luxury car ads to convince you to take the train

Amtrak wants to shift America’s “car-first mindset”. Loading audio narration… Its newest marketing technique to convince Americans that taking the train is better than driving: mimicking advertising tropes from luxury-car TV commercials.Amtrak’s upcoming ad campaign, “The Build,” opens like a typical high-end automaker spot, with a swaggering musical soundtrack and…

Business

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NYC tax hike on wealthy draws sharp criticism from Kevin O’Leary

A renewed push to raise taxes on wealthy individuals and corporations in New York City is drawing criticism from business leaders as policymakers weigh how to balance budgets without driving away investment. O’Leary Ventures Chairman Kevin O’Leary joined FOX Business’ Stuart Varney on “Varney & Co.” to weigh in on…

Investing

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