Tesla's Big Rally Drives the Nasdaq Higher

U.S. stocks have rebounded in recent days, after notching their worst week in more than a year. 


 
Main Street Banking Model Is Being Squeezed

First-quarter results at regional banks show the uneven toll of higher interest rates. 


 
GDP set to top 2% again, extending hot streak for U.S. economy

The U.S. economy appears to have grown by 2% or more for the seventh quarter in a row in the first three months of 2024 - but a wider trade deficit could throw up a roadblock. 


 
Bank of Canada Officials Split on How Soon Rate Cuts Could Start, Minutes Say

Senior Bank of Canada officials were divided on how soon the central bank could start cutting interest rates, although they agreed cuts should proceed gradually given the risk of inflation reaccelerating, according to a summary of deliberations leading up to its April 10 policy decision. 


 
Durable-goods orders get boost from autos and planes, but most manufacturers tread water

Orders for U.S. durable goods jumped 2.6% in March, but most of the increase was tied to new autos and passenger planes. Orders barely rose outside of the transportation sector in a sign of ongoing manufacturing weakness. 


 
Home buyers turn to adjustable-rate mortgages as 30-year rate zooms past 7%

Mortgage applications fell 2.7% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage stood at 7.24%. 


 
Canada Retail Sales Slip 0.1% in February, Seen Flat in March

The data support expectations that the country's central bank will move to cut interest rates as soon as June. 


 
Hannon's Take: Fed Uncertainty Claims First Central Bank Victim

Bank Indonesia unexpectedly lifted interest rates as it looks to bolster its tumbling currency. It is unlikely to be the last amid a global pivot to the U.S. delaying rate cuts. 


 
U.S. Crude Oil Stockpiles Fall For First Time in Five Weeks

U.S. crude oil stocks fell by 6.4 million barrels last week, in the first withdrawal in five weeks while refineries increased their capacity use 


 
Investors Flock to Two-Year U.S., German Bond Auctions but For Different Reasons

U.S. and German two-year government bond auctions on Tuesday received strong demand, even as investors' motivation to bid diverged as U.S. and eurozone interest-rate cut expectations are moving apart.


(END) Dow Jones Newswires

04-24-24 1915ET