The Dow’s Shaky Week: Will Fed Rate Jitters Spark Bout of Summertime Blues?
Investors appear more sensitive to rate-cut timing as earnings season winds down. Nvidia Corp. was supposed to ride to the stock market's rescue this past week. Instead, it rode alone to a record finish after blowout earnings, while stock-market indexes stalled.Investors struggled to shake off minutes of the Federal Reserve's April 30-May 1 meeting, released Wednesday, that reminded them that policymakers aren't yet comfortable with cutting interest rates soon and, if needed, would be willing to start hiking again."While during the heart of the earnings season, it appeared that stocks had become more disconnected from short-term interest rate moves, as earnings slowed down the sensitivity to the forecasts for a Fed rate cut has loomed larger," said Louis Navellier, founder and chairman of Navellier & Associates, in a Friday note."Once again, we've seen investors stampede from one end of the Fedspectrum to the other," he wrote, noting that investors in late April were talking themselves
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