Apr 01 | Daily Finance News

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U.S. STOCK PICKS

Closing: 4:00 PM EST

The Dow Jones Industrial Average dipped Monday to kick off the second quarter with lost 240.52 points, or 0.60%, while the S&P 500 slid 0.20%. The tech-heavy Nasdaq Composite inched higher by 0.11%.
Investors remain cautious about the pace of the Federal Reserve’s rate-cutting timeline this year and how soon central bankers will be able to meet their 2% inflation target. Federal Reserve Chair Jerome Powell said Friday that economic growth remains strong and inflation is still above target.
June Fed Rate-Cut Odds Dip Below 50% After Strong ISM Data.
Trump Media plunges more than 25% after company reports net loss of $58 million in 2023.
Macy’s is closing about 150 of its namesake stores across the country. It could put up to $2 billion in annual sales up for grabs for other retailers.
Google agreed to destroy billions of browsing data records to settle consumer privacy lawsuit.

*All information sourced from news portals such as CNBC, Yahoo Finance, Reuters, etc.

S&P 500 rises slightly to start the second quarter.
The personal consumption expenditures price index excluding food and energy, released Friday during the market closure for Good Friday, showed inflation rose 2.8% in February, which is in line with expectations. The inflation gauge closely watched by the Federal Reserve also rose 0.3% from a month ago, the Commerce Department said.
Federal Reserve Chair Jerome Powell also said Friday that policymakers don’t need to rush an interest rate cut with economic growth still strong and inflation above target.
Fed must get ‘more aggressive’ with rate cuts due to weakening jobs market, Canaccord’s chief market strategist says.
Walmart, Chipotle are splitting the wealth of a record stock market in a way they haven’t in decades: Walmart recently completed its first stock split in decades; Chipotle is planning the first stock split in its 30-year history to be completed in June.
Microsoft to separate Teams and Office globally amid antitrust scrutiny.
Oil prices edge lower after booking strong first quarter.

Canadian factory PMI edges up to 11-month high in March.
Canada likely to avoid recession, begin recovering in second half of 2024: Deloitte.
The national price on pollution will rise by $15 per tonne today. Gasoline: Going from $65 per tonne to $80, means filling a 50 litre tank from empty will cost about $8.80 in carbon price, about $1.65 more than before.
More than 500,000 people signed up for the First-Home Savings Account in its first year.