Edition 351: 3 things investors need to know from last week!
This week, markets rallied as Alphabet led Big Tech earnings, U.S. housing starts surged despite warning signs, and the Federal Reserve held rates steady amid rare internal divisions and uncertainty.
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Alphabet Leads Big Tech Surge: Alphabet emerged as the top stock gainer among Big Tech after strong earnings, driven by explosive Google Cloud growth and surging AI demand. Investors rewarded its vertically integrated AI strategy and massive cloud backlog, overlooking higher capital spending. Other tech giants posted solid results but saw more muted or negative market reactions.
Source: MSN
Housing Starts Spike, Outlook Weakens: U.S. single-family housing starts jumped to a 13-month high in March, driven by a surge in construction activity. However, falling building permits and declining builder confidence suggest the gain may be temporary. Rising mortgage rates, higher material costs, and economic pressures continue to weigh on the housing outlook.
Source: Reuters
Fed Holds Rates Amid Internal Divisions: The Federal Reserve kept interest rates unchanged for a third straight meeting but revealed rare internal divisions, with multiple officials dissenting on policy direction. Chair Jerome Powell also announced he will remain as a governor after stepping down as chair, citing concerns over political pressures. Rising oil prices, inflation risks, and geopolitical uncertainty are complicating the Fed’s outlook.
Source: Yahoo Finance
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