at the company's new engineering headquarters in California. Musk has been critical of the state's policies — but California is the country's biggest market for electric vehicles.. For the current quarter, the chipmaker forecast higher sales than Wall Street expected, thanks to the artificial intelligence boom. The company's shares popped 8.5% after hours.Coinbase's fourth-quarter results beat Wall Street's estimates, and its shares are up 72% this year alone.
Even though investors have heard those warnings before, markets fell. The Dow Jones Industrial Average lost 0.26% and the S&P 500 dropped 0.16% — but the Nasdaq rose 0.13%, buoyed by a 12.5% jump in Palo Alto Networks. Still, the larger sell-off in markets suggests that investors hoping for a dovish tone in the minutes were disappointed.
Moreover, there are warning signs that the Fed is growing increasingly aggressive in its fight against inflation. It's true that there was "no effort in the minutes to flag the possibility of stepping back up to a 50bp pace of hikes," in the words of Krishna Guha, head of global policy and central bank strategy at Evercore ISI.
It might be more prudent, then, to listen to fresher comments by Fed officials, such as Loretta Mester and James Bullard, who both advocate for a 50-basis points hike. Bullard even thinks the U.S. economy can remain aloft despite the turbulence caused by higher interest rates. Despite Fed hawkishness, signs point to a no-landing scenario, which should give investors some comfort.
elonmusk they should help you
Fed hikes are just bank paydays. Does nothing to calm inflation.
I am glad I am not heavily invested in the stock market at this time.
What about WHENQT ?
Already built up in the market the bad news , but Nvidia news was was very bullish , EBay .
The market is bottom out will go up today .
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