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By MEDIA CREATION | Zemeghub | Finance Category
📉 U.S. Markets Retreat After Fed Warning
Wall Street pulled back today as Federal Reserve Chair Jerome Powell reignited valuation concerns. His statement that “equity prices are fairly highly valued” triggered a cautious mood across all major indexes:
Nasdaq Composite: −0.95%
S&P 500: −0.55%
Dow Jones: −0.19%
The S&P’s price-to-earnings ratio touched 30—its highest since the dot-com bubble—raising alarms about speculative excess.
💬 Earnings & Volatility Watch
Micron (MU): Posted strong Q4 earnings ($3.03/share on $11.3B revenue), but shares dipped slightly premarket.
Cintas (CTAS): Beat earnings by $0.01, yet weak guidance caused a 3% drop.
Options Traders are eyeing high volatility in:
Stitch Fix (±18%)
Thor Industries (±12%)
Uranium Energy (±10%)
💰 Commodities & Bonds
Gold: Hovering near $3,809/oz amid inflation concerns
WTI Crude Oil: Trending higher near $63.77/barrel
U.S. 10-Year Treasury Yield: Stable around 4.10%, reflecting mixed inflation expectations
🌍 Global Market Trends
Europe: Stocks opened lower, pressured by Powell’s remarks. Defense stocks rallied after U.S. support for Ukraine’s full territorial recovery.
Asia:
Hong Kong: +1.37%
Shanghai: +0.83%
Shenzhen: +1.73%
Japan Nikkei: +0.30%