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Cheedangao
2021-04-30
Just continue to hold
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2021-04-27
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brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1619450047,"share":"https://www.laohu8.com/m/news/1197393438?lang=&edition=full","pubTime":"2021-04-26 23:14","market":"us","language":"en","title":"U.S. bank appetite for Treasuries unfazed after Fed ends regulatory relief","url":"https://stock-news.laohu8.com/highlight/detail?id=1197393438","media":"Reuters","summary":"U.S. banks’ demand for Treasury securities has not dimmed, contrary to expectations, since the Feder","content":"<p>U.S. banks’ demand for Treasury securities has not dimmed, contrary to expectations, since the Federal Reserve let expire a waiver to a capital adequacy regulation granted early in the pandemic, even as firms seek to raise more capital via debt issuance instead.</p>\n<p>That 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By issuing debt, a bank raises capital against its assets, lifting capital ratios.</p>\n<p>Bank issuers are jumping in to take advantage of the low cost of capital with an eye to the future amid potentially higher rates and borrowing costs, said Lyn Graham-Taylor, senior rates strategist at Rabobank in London.</p>\n<p>JPMorgan Chase, Bank of America, Goldman Sachs and Morgan Stanley have or are planning to issue a total of $40 billion in debt, according to media reports.</p>\n<p>JPMorgan’s $13 billion bond sale on April 15 was briefly an industry record until it was topped the next day by Bank of America’s $15 billion offering.</p>\n<p>“The Fed has also hinted heavily at a permanent tweak to SLR calculations that likely prevented any large selling of Treasuries,” BMO’s Krieter said.</p>\n<p>The latest Fed data on primary dealer holdings of Treasuries, one component of bank ownership of U.S. government debt, showed a slight increase of their Treasury inventory as of April 14, to $125.6 billion, from a week earlier.</p>\n<p>Primary dealer holdings did decline from end-February to mid-March as banks braced for the expiration of the SLR exemption, data showed.</p>\n<p>U.S. banks currently hold between 8%-10% of publicly available Treasury securities, according to Fed data. That is a major chunk that could move yields if there are reallocations away from Treasuries.</p>\n<p>In April 2020, the Fed excluded Treasuries and central bank deposits from the leverage ratio until March 31, a move aimed at easing Treasury market stress and encouraging banks to lend.</p>\n<p>“From my understanding, there weren’t many banks that have been using the SLR exemption on their Treasury holdings anyway,” said Patrick Leary, chief market strategist and senior trader at broker-dealer Incapital.</p>\n<p>DEBT ISSUANCE VS SELLING TREASURIES</p>\n<p>Issuing debt is far more advantageous to banks compared with selling Treasuries, analysts said, even though they could lose money doing so.</p>\n<p>“Funding a portfolio of bank reserves and Treasuries with unsecured bank debt is likely a negative arbitrage proposition,” said BMO’s Krieter. “Interest on reserves don’t earn much and they earn less than what you’re paying for the debt that funds it.”</p>\n<p>But Krieter noted that selling Treasuries has been a much more expensive exercise than issuing debt.</p>\n<p>“To maintain a certain SLR, you might sell Treasuries and then presumably buy them back at a higher market price once the permanent exemption comes,” Krieter said.</p>\n<p>“In this example, you’re paying the full bid/ask spread on a Treasury portfolio worth tens of billions of dollars.”</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. bank appetite for Treasuries unfazed after Fed ends regulatory relief</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. bank appetite for Treasuries unfazed after Fed ends regulatory relief\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-26 23:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>U.S. banks’ demand for Treasury securities has not dimmed, contrary to expectations, since the Federal Reserve let expire a waiver to a capital adequacy regulation granted early in the pandemic, even as firms seek to raise more capital via debt issuance instead.</p>\n<p>That should prevent spikes in U.S. Treasury yields and keep them in a narrow range this year.</p>\n<p>The waiver to the supplementary leverage ratio expired on March 31. That means big banks, as of April 1, have resumed holding more loss-absorbing capital against U.S. Treasuries and central bank deposits.</p>\n<p>The Fed also said it would undertake a formal review of the SLR given concerns it is no longer functioning as intended with the central bank’s COVID-19 monetary policy measures.</p>\n<p>“When we were all talking about the SLR a couple of months ago, we were worried that the exemptions will expire... and banks would sell Treasuries, but the SLR (exemption) went away, and we didn’t really see significant selling pressure,” said Dan Krieter, interest rates strategist at BMO Capital in Chicago.</p>\n<p>Along with other investors, some bank buying has lifted Treasury prices since the beginning of the month, pushing U.S. 10-year yields about 20 basis points lower. They were last at 1.572%.</p>\n<p>Instead of selling Treasuries to meet the capital ratios, analysts said banks are issuing debt. By issuing debt, a bank raises capital against its assets, lifting capital ratios.</p>\n<p>Bank issuers are jumping in to take advantage of the low cost of capital with an eye to the future amid potentially higher rates and borrowing costs, said Lyn Graham-Taylor, senior rates strategist at Rabobank in London.</p>\n<p>JPMorgan Chase, Bank of America, Goldman Sachs and Morgan Stanley have or are planning to issue a total of $40 billion in debt, according to media reports.</p>\n<p>JPMorgan’s $13 billion bond sale on April 15 was briefly an industry record until it was topped the next day by Bank of America’s $15 billion offering.</p>\n<p>“The Fed has also hinted heavily at a permanent tweak to SLR calculations that likely prevented any large selling of Treasuries,” BMO’s Krieter said.</p>\n<p>The latest Fed data on primary dealer holdings of Treasuries, one component of bank ownership of U.S. government debt, showed a slight increase of their Treasury inventory as of April 14, to $125.6 billion, from a week earlier.</p>\n<p>Primary dealer holdings did decline from end-February to mid-March as banks braced for the expiration of the SLR exemption, data showed.</p>\n<p>U.S. banks currently hold between 8%-10% of publicly available Treasury securities, according to Fed data. That is a major chunk that could move yields if there are reallocations away from Treasuries.</p>\n<p>In April 2020, the Fed excluded Treasuries and central bank deposits from the leverage ratio until March 31, a move aimed at easing Treasury market stress and encouraging banks to lend.</p>\n<p>“From my understanding, there weren’t many banks that have been using the SLR exemption on their Treasury holdings anyway,” said Patrick Leary, chief market strategist and senior trader at broker-dealer Incapital.</p>\n<p>DEBT ISSUANCE VS SELLING TREASURIES</p>\n<p>Issuing debt is far more advantageous to banks compared with selling Treasuries, analysts said, even though they could lose money doing so.</p>\n<p>“Funding a portfolio of bank reserves and Treasuries with unsecured bank debt is likely a negative arbitrage proposition,” said BMO’s Krieter. “Interest on reserves don’t earn much and they earn less than what you’re paying for the debt that funds it.”</p>\n<p>But Krieter noted that selling Treasuries has been a much more expensive exercise than issuing debt.</p>\n<p>“To maintain a certain SLR, you might sell Treasuries and then presumably buy them back at a higher market price once the permanent exemption comes,” Krieter said.</p>\n<p>“In this example, you’re paying the full bid/ask spread on a Treasury portfolio worth tens of billions of dollars.”</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197393438","content_text":"U.S. banks’ demand for Treasury securities has not dimmed, contrary to expectations, since the Federal Reserve let expire a waiver to a capital adequacy regulation granted early in the pandemic, even as firms seek to raise more capital via debt issuance instead.\nThat should prevent spikes in U.S. Treasury yields and keep them in a narrow range this year.\nThe waiver to the supplementary leverage ratio expired on March 31. That means big banks, as of April 1, have resumed holding more loss-absorbing capital against U.S. Treasuries and central bank deposits.\nThe Fed also said it would undertake a formal review of the SLR given concerns it is no longer functioning as intended with the central bank’s COVID-19 monetary policy measures.\n“When we were all talking about the SLR a couple of months ago, we were worried that the exemptions will expire... and banks would sell Treasuries, but the SLR (exemption) went away, and we didn’t really see significant selling pressure,” said Dan Krieter, interest rates strategist at BMO Capital in Chicago.\nAlong with other investors, some bank buying has lifted Treasury prices since the beginning of the month, pushing U.S. 10-year yields about 20 basis points lower. They were last at 1.572%.\nInstead of selling Treasuries to meet the capital ratios, analysts said banks are issuing debt. By issuing debt, a bank raises capital against its assets, lifting capital ratios.\nBank issuers are jumping in to take advantage of the low cost of capital with an eye to the future amid potentially higher rates and borrowing costs, said Lyn Graham-Taylor, senior rates strategist at Rabobank in London.\nJPMorgan Chase, Bank of America, Goldman Sachs and Morgan Stanley have or are planning to issue a total of $40 billion in debt, according to media reports.\nJPMorgan’s $13 billion bond sale on April 15 was briefly an industry record until it was topped the next day by Bank of America’s $15 billion offering.\n“The Fed has also hinted heavily at a permanent tweak to SLR calculations that likely prevented any large selling of Treasuries,” BMO’s Krieter said.\nThe latest Fed data on primary dealer holdings of Treasuries, one component of bank ownership of U.S. government debt, showed a slight increase of their Treasury inventory as of April 14, to $125.6 billion, from a week earlier.\nPrimary dealer holdings did decline from end-February to mid-March as banks braced for the expiration of the SLR exemption, data showed.\nU.S. banks currently hold between 8%-10% of publicly available Treasury securities, according to Fed data. That is a major chunk that could move yields if there are reallocations away from Treasuries.\nIn April 2020, the Fed excluded Treasuries and central bank deposits from the leverage ratio until March 31, a move aimed at easing Treasury market stress and encouraging banks to lend.\n“From my understanding, there weren’t many banks that have been using the SLR exemption on their Treasury holdings anyway,” said Patrick Leary, chief market strategist and senior trader at broker-dealer Incapital.\nDEBT ISSUANCE VS SELLING TREASURIES\nIssuing debt is far more advantageous to banks compared with selling Treasuries, analysts said, even though they could lose money doing so.\n“Funding a portfolio of bank reserves and Treasuries with unsecured bank debt is likely a negative arbitrage proposition,” said BMO’s Krieter. “Interest on reserves don’t earn much and they earn less than what you’re paying for the debt that funds it.”\nBut Krieter noted that selling Treasuries has been a much more expensive exercise than issuing debt.\n“To maintain a certain SLR, you might sell Treasuries and then presumably buy them back at a higher market price once the permanent exemption comes,” Krieter said.\n“In this example, you’re paying the full bid/ask spread on a Treasury portfolio worth tens of billions of dollars.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":88,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103245826,"gmtCreate":1619790501865,"gmtModify":1704272416900,"author":{"id":"3569114065599695","authorId":"3569114065599695","name":"Cheedangao","avatar":"https://static.tigerbbs.com/a1b0b430789eecfad4aa362902718acf","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Just continue to hold","listText":"Just continue to hold","text":"Just continue to hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/103245826","repostId":"1197079056","repostType":4,"repost":{"id":"1197079056","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1619789494,"share":"https://www.laohu8.com/m/news/1197079056?lang=&edition=full","pubTime":"2021-04-30 21:31","market":"us","language":"en","title":"Stocks fall despite blowout earnings from Amazon, Dow drops 150 points","url":"https://stock-news.laohu8.com/highlight/detail?id=1197079056","media":"Tiger Newspress","summary":"The major averages slipped on Friday as investors pored over a flurry of earnings results and a robu","content":"<p>The major averages slipped on Friday as investors pored over a flurry of earnings results and a robust profit beat from e-commerce giant Amazon.</p><p>The S&P 500 fell 0.6%, while the Dow Jones Industrial Average shed 150 points. Nasdaq Composite dropped about 0.75%.</p><p>Amazon, the last of Wall Street’s mega-cap tech companies to publish results, reported a record first-quarter profit. The Seattle-based firm saidprofits more than tripled to $8.1 billionand January-to-March sales soared 44% to $108 billion. The results blew past Wall Street expectations with the company earning$15.79 per share vs. the consensus estimate of $9.54.</p><p>Amazon’s results showed demand remained strong for its massive online retail business even as the economy started to open up some. Shares rose more than 1%, but that was not enough to lift sentiment for the whole market.</p><p>Twitter, meanwhile, moved in the opposite direction onuser growth results and second-quarter revenue guidancethat fell short of analysts’ forecasts. The social media platform said monetizable daily active users totaled 199 million during the three months ended March 31 and reported per-share earnings of 16 cents. Twitter plunged 14%.</p><p>Apple was coming under some slight pressure in the premarket afterthe European Union said the company’s App Storewas breaching its competition rules. The shares were down 0.7%.</p><p>Exxon Mobil, Chevron, and Colgate-Palmolive are reporting earnings on Friday before the bell. Chevron shares fell afterquarterly EPS failed to exceed expectations. Colgate-Palmolive rose 1.5% in premarket trading after beating on the top and bottom lines of its quarterly results.</p><p>Twitter and Amazon’s equity performance should influence the S&P 500 during the week’s final day of trading. The indexclosed at record levels on Thursdayon the heels of blowout earnings results from Apple and Facebook.</p><p>TheDow Jones Industrial Averageended the regular session up 0.7%, while theS&P 500advanced just under 0.7% to finish the day at 4,211.47, a new closing high. The tech-heavyNasdaq Composite, which began the day up 1%, underperformed with a gain of just over 0.2%.</p><p>So far this week, the S&P 500 is up 0.75%, the Dow is up less than 0.1% and the Nasdaq Composite is up 0.47%.</p><p>March spending jumped a better-than-expected 4.2%. Personal incomes surged by a massive 21.1% amid more fiscal stimulus.</p><p>The PCE price index for March increased 0.5% month-over-month and 2.3% on a year-over-year basis. The core PCE, excluding food and energy, rose 0.4% for March and 1.8% year-over-year. The PCE inflation metric is watched closely by the Federal Reserve and Chairman Jerome Powell warned earlier in the week it may show a transitory increase in prices.</p><p>The inflation numbers apparently weren’t as high as feared as the 10-year yield remained flat after the numbers were released.</p><p>Fed Chairman Jerome Powell told reporters that the central bank would need to see inflation sustained about 2% “for some time” before it moved to rein in its supportive asset purchases and near-zero interest rates.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stocks fall despite blowout earnings from Amazon, Dow drops 150 points</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStocks fall despite blowout earnings from Amazon, Dow drops 150 points\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-30 21:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The major averages slipped on Friday as investors pored over a flurry of earnings results and a robust profit beat from e-commerce giant Amazon.</p><p>The S&P 500 fell 0.6%, while the Dow Jones Industrial Average shed 150 points. Nasdaq Composite dropped about 0.75%.</p><p>Amazon, the last of Wall Street’s mega-cap tech companies to publish results, reported a record first-quarter profit. The Seattle-based firm saidprofits more than tripled to $8.1 billionand January-to-March sales soared 44% to $108 billion. The results blew past Wall Street expectations with the company earning$15.79 per share vs. the consensus estimate of $9.54.</p><p>Amazon’s results showed demand remained strong for its massive online retail business even as the economy started to open up some. Shares rose more than 1%, but that was not enough to lift sentiment for the whole market.</p><p>Twitter, meanwhile, moved in the opposite direction onuser growth results and second-quarter revenue guidancethat fell short of analysts’ forecasts. The social media platform said monetizable daily active users totaled 199 million during the three months ended March 31 and reported per-share earnings of 16 cents. Twitter plunged 14%.</p><p>Apple was coming under some slight pressure in the premarket afterthe European Union said the company’s App Storewas breaching its competition rules. The shares were down 0.7%.</p><p>Exxon Mobil, Chevron, and Colgate-Palmolive are reporting earnings on Friday before the bell. Chevron shares fell afterquarterly EPS failed to exceed expectations. Colgate-Palmolive rose 1.5% in premarket trading after beating on the top and bottom lines of its quarterly results.</p><p>Twitter and Amazon’s equity performance should influence the S&P 500 during the week’s final day of trading. The indexclosed at record levels on Thursdayon the heels of blowout earnings results from Apple and Facebook.</p><p>TheDow Jones Industrial Averageended the regular session up 0.7%, while theS&P 500advanced just under 0.7% to finish the day at 4,211.47, a new closing high. The tech-heavyNasdaq Composite, which began the day up 1%, underperformed with a gain of just over 0.2%.</p><p>So far this week, the S&P 500 is up 0.75%, the Dow is up less than 0.1% and the Nasdaq Composite is up 0.47%.</p><p>March spending jumped a better-than-expected 4.2%. Personal incomes surged by a massive 21.1% amid more fiscal stimulus.</p><p>The PCE price index for March increased 0.5% month-over-month and 2.3% on a year-over-year basis. The core PCE, excluding food and energy, rose 0.4% for March and 1.8% year-over-year. The PCE inflation metric is watched closely by the Federal Reserve and Chairman Jerome Powell warned earlier in the week it may show a transitory increase in prices.</p><p>The inflation numbers apparently weren’t as high as feared as the 10-year yield remained flat after the numbers were released.</p><p>Fed Chairman Jerome Powell told reporters that the central bank would need to see inflation sustained about 2% “for some time” before it moved to rein in its supportive asset purchases and near-zero interest rates.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197079056","content_text":"The major averages slipped on Friday as investors pored over a flurry of earnings results and a robust profit beat from e-commerce giant Amazon.The S&P 500 fell 0.6%, while the Dow Jones Industrial Average shed 150 points. Nasdaq Composite dropped about 0.75%.Amazon, the last of Wall Street’s mega-cap tech companies to publish results, reported a record first-quarter profit. The Seattle-based firm saidprofits more than tripled to $8.1 billionand January-to-March sales soared 44% to $108 billion. The results blew past Wall Street expectations with the company earning$15.79 per share vs. the consensus estimate of $9.54.Amazon’s results showed demand remained strong for its massive online retail business even as the economy started to open up some. Shares rose more than 1%, but that was not enough to lift sentiment for the whole market.Twitter, meanwhile, moved in the opposite direction onuser growth results and second-quarter revenue guidancethat fell short of analysts’ forecasts. The social media platform said monetizable daily active users totaled 199 million during the three months ended March 31 and reported per-share earnings of 16 cents. Twitter plunged 14%.Apple was coming under some slight pressure in the premarket afterthe European Union said the company’s App Storewas breaching its competition rules. The shares were down 0.7%.Exxon Mobil, Chevron, and Colgate-Palmolive are reporting earnings on Friday before the bell. Chevron shares fell afterquarterly EPS failed to exceed expectations. Colgate-Palmolive rose 1.5% in premarket trading after beating on the top and bottom lines of its quarterly results.Twitter and Amazon’s equity performance should influence the S&P 500 during the week’s final day of trading. The indexclosed at record levels on Thursdayon the heels of blowout earnings results from Apple and Facebook.TheDow Jones Industrial Averageended the regular session up 0.7%, while theS&P 500advanced just under 0.7% to finish the day at 4,211.47, a new closing high. The tech-heavyNasdaq Composite, which began the day up 1%, underperformed with a gain of just over 0.2%.So far this week, the S&P 500 is up 0.75%, the Dow is up less than 0.1% and the Nasdaq Composite is up 0.47%.March spending jumped a better-than-expected 4.2%. Personal incomes surged by a massive 21.1% amid more fiscal stimulus.The PCE price index for March increased 0.5% month-over-month and 2.3% on a year-over-year basis. The core PCE, excluding food and energy, rose 0.4% for March and 1.8% year-over-year. The PCE inflation metric is watched closely by the Federal Reserve and Chairman Jerome Powell warned earlier in the week it may show a transitory increase in prices.The inflation numbers apparently weren’t as high as feared as the 10-year yield remained flat after the numbers were released.Fed Chairman Jerome Powell told reporters that the central bank would need to see inflation sustained about 2% “for some time” before it moved to rein in its supportive asset purchases and near-zero interest rates.","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
