Wall Street ends down on nagging uncertainty about Fed rate path
By Caroline Valetkevitch
Fed raises rates by 25 basis points Advanced Micro Devices shares fall after outlook Financials, energy down the most among sectors Indexes: Dow down 0.8%, S&P 500 down 0.7%, Nasdaq down 0.5%
May 3 (Reuters) - U.S. stocks ended lower on Wednesday, reversing gains after comments by Federal Reserve Chair Jerome Powell left investors wondering what the U.S. central bank's next move would be with interest rate hikes.
Indexes initially held onto gains following the Fed's statement. It increased interest rates by a quarter of a percentage point, as expected, and signaled it could pause further hikes.
The unanimous decision lifted the U.S. central bank's benchmark overnight interest rate to the 5.00%-5.25% range, the 10th consecutive increase since March 2022.
Stocks started to swoon after the press conference following the statement. Powell said the Fed still views inflation as too high, and said it was too soon to say the rate hike cycle is over.
"The Fed continues to walk the tightrope, and that is they're trying to strike a balance between their inflation fighting credibility while trying to engineer a soft landing," said Michael Arone, chief investment strategist at State Street Global Advisors in Boston.
All of the major S&P 500 sectors ended lower, with energy (.SPNY) and financials (.SPSY) down the most. The KBW regional banking index (.KRX) was down 0.9%, extending this week's sharp losses.
The Dow Jones Industrial Average (.DJI) fell 270.29 points, or 0.8%, to 33,414.24, the S&P 500 (.SPX) lost 28.83 points, or 0.70%, to 4,090.75 and the Nasdaq Composite (.IXIC) dropped 55.18 points, or 0.46%, to 12,025.33.
Heading into the session, investors had been anxious for any signals from the U.S. central bank on whether Wednesday's increase would be the last hike for now.
"Anybody that was hoping for an inclination toward that scenario, it doesn't sound like they're getting that," said Alan Lancz, president of Alan B. Lancz & Associates Inc., an investment advisory firm based in Toledo, Ohio. "It's inconclusive."
Investors worry that higher rates will eventually tip the economy into recession.
Earlier, data showed U.S. private employers boosted hiring in April, but showed signs the labor market was slowing following several rate hikes.
A separate report showed U.S. services sector maintained a steady pace of growth in April, but higher input prices indicated inflation could remain elevated for some time.
Advanced Micro Devices (AMD.O) shares fell 9.3% after the chipmaker forecast quarterly sales below estimates due to a weak PC market.
Volume on U.S. exchanges was 12.03 billion shares, compared with the 10.51 billion average for the full session over the last 20 trading days.
Declining issues outnumbered advancing ones on the NYSE by a 1.44-to-1 ratio; on Nasdaq, a 1.00-to-1 ratio favored decliners.
The S&P 500 posted 24 new 52-week highs and 12 new lows; the Nasdaq Composite recorded 64 new highs and 266 new lows.
On the positive side, we have Trans getting more rights and being referred to as the "soul of our nation" by our president. Reparations are catching on and if you say that you believe people should work for a living, you are branded as a "racist." We traded a global arms dealer who is responsible for the deaths of thousands of people across the globe for a black, female, lesbian, drug-smuggling basketball player who refused to stand for the National Anthem. All is good in the Land of the Libs.
Those articles are old. Its still going on out of control and Biden doesnt even care.
As if Goper’s give a squat.
The GOPers have been railing against the flood of illegal immigrants, their child trafficking, and their drug trafficking for YEARS. Your head has been in the sand for as many years.
The articles are not "old" and it proves that Biden has taken measures to fight against child trafficking. As per usual your rhetoric doesn't fly.
The articles are a year old, and one from early this year. The surging illegal child labor is still happening as your ass felt the need to make a new thread about it since it is way out of control. Biden sitting on his ass about illegal immigration.
My thread was about American businesses breaking child labor laws and republicans trying to pass legislation to lessen restrictions on current child labor laws. Try to keep up here rather than inventing something that didn't happen. My thread had nothing to do with child trafficking. But thanks for showing that you are just making things up as you go along.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
My thread was about American businesses breaking child labor laws and republicans trying to pass legislation to lessen restrictions on current child labor laws. Try to keep up here rather than inventing something that didn't happen. My thread had nothing to do with child trafficking. But thanks for showing that you are just making things up as you go along.
Where do you think the child labor came from? Stop being obtuse.
So you're saying that republicans are trying to undermine current child labor laws is so businesses can put children who have been trafficked to work in jobs they couldn't do before? Or that the 10 year olds who were working until 2:00 A.M. were children who had been trafficked?
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
No I'm saying Democrats are doing nothing about child trafficking coming from an open border, which some businesses are taking advantage of. It's pretty simple. Too simple for you I guess.
And I gave you direct evidence that they do. I posted the measures they took to combat it. As we post 1500 troop are being sent to the border where there are already 2500 deployed. I know, I know... according to you that means nothing.
Simple is refusing to admit that measures have been taken to try to combat this even when the evidence of it was made perfectly clear to you.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
The troops there are not doing one thing to stop child trafficking. They are there for when title 42 ends and even more illegals flood in. And your articles are outdated. This child trafficking is raging on and Biden is swinging the border doors even wider open.
So December of 2022 is outdated? You mean they haven't done anything else in five whole months!? Oh the humanity!
So helping to stop the flow of immigrants by adding 1500 additional troops does nothing to help stem the flow of children being trafficked across the border?
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
"What will the troops do? Will they detain migrants?
No. Troops will do “ground-based detection and monitoring, data entry, and warehouse support. … Military personnel will not directly participate in law enforcement activities. This deployment to the border is consistent with other forms of military support to DHS over many years,” Ryder said in his statement Tuesday."
Because you are clueless. The troops have nothing to do with stopping child trafficking, drug trafficking, or stemming the increasing flood of illegals.
Yes, troops are trained to fight wars, not about border control and enforcement. What the troops will be doing is taking over jobs currently being done by border patrol agents whose jobs do not place them directly with controlling the border. Thus it frees up those 1500 agents to directly help on the border. That means there will be 1500 additional people enforcing border control. You're welcome.
The troops “will not be performing law enforcement functions or interacting with immigrants, or migrants,” Jean-Pierre said. “This will free up Border Patrol agents to perform their critical law enforcement duties.”2 days ago
Having those troops there will directly aid in having 1500 more border agents directly involved in protecting our southern border. Let me guess, now you're going to say that freeing up those 1500 border agents to protect our southern border is doing nothing?
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
Pit, why do you put so much effort into talking to the clueless? What a complete waste of time.
It's more for people who read but don't post. These forums have a lot more people viewing than posting. Allowing such empty rhetoric to be left unchecked and unchallenged is what helped get people like trump, MTG, Boebert, Gaetz and so many other right wing extremists elected. Seeing their echo chamber being repeated here should be challenged by someone.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
You see, we're not as far off than you may think. I certainly think more should be done to protect our southern border. But what I'm not for is claiming that one side does so much to stop it while the other side does nothing to stop it. This has been an issue for decades now. Through both Republican and Democrat administrations. Hell, Reagan pardoned over 2,000,00o illegals in the 1980's. And while the rhetoric we hear would indicate that Republicans are stronger on this issue, 90% of the illegal drugs entering this country come through legal ports of entry. So does much of the trafficking you speak of.
Yet it seems neither party actually focuses on that. All we hear about is Paco smuggling drugs in his backpack. Paco isn't the problem. If either and or both parties would actually focus on where the bulk of the drugs and trafficking takes place, through legal points of entry, I would be happy to hear about it. But we are being distracted by both parties.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
You see, we're not as far off than you may think. I certainly think more should be done to protect our southern border. But what I'm not for is claiming that one side does so much to stop it while the other side does nothing to stop it. This has been an issue for decades now. Through both Republican and Democrat administrations. Hell, Reagan pardoned over 2,000,00o illegals in the 1980's. And while the rhetoric we hear would indicate that Republicans are stronger on this issue, 90% of the illegal drugs entering this country come through legal ports of entry. So does much of the trafficking you speak of.
Yet it seems neither party actually focuses on that. All we hear about is Paco smuggling drugs in his backpack. Paco isn't the problem. If either and or both parties would actually focus on where the bulk of the drugs and trafficking takes place, through legal points of entry, I would be happy to hear about it. But we are being distracted by both parties.
Oh really? and where did you collect that data from?
Because that how the internet works. Search engines scour the internet to index every page. Every forum has inflated user counts because of that. I've owned forums and had that problem.
87 Robots (Crawlers) Robot Location Googlebot AdSense Reading Russia blames US for drone attack on Kremlin PetalBot Reading My nomination for parent of the year Googlebot AdSense Reading Free Agency [cont.] bingbot Viewing list of forums PetalBot Reading World War Z: COVID-19 bingbot Viewing list of forums GrapeshotCrawler Reading Cuckoo Democrats And What They Have Become bingbot Reading Mason Rudolph PetalBot Reading Isaiah Simmons PetalBot Reading Free Agency Part 3 PetalBot Reading World War Z: COVID-19 PetalBot Reading Isaiah Simmons PetalBot Reading Free Agency Part 3 Applebot Reading Alexandria Ocasio-Cortez Understands Politics Better Than Her Critics Applebot Reading Alexandria Ocasio-Cortez Understands Politics Better Than Her Critics proximic Reading Browns News and Notes cont. trendictionbot Viewing a list of posts PetalBot Reading World War Z: COVID-19 proximic Reading Cuckoo Democrats And What They Have Become PetalBot Reading World War Z: COVID-19 PetalBot Reading Free Agency Part 3 PetalBot Reading Trades PetalBot Reading Free Agency Part 3 PetalBot Reading Imagine This ... Superbowl PetalBot Reading Covid-19 continues. PetalBot Reading Trades Baiduspider (bad_bot) Reading 2020 Dems part 4 PetalBot Reading Imagine This ... Superbowl PetalBot Reading Covid-19 continues. eBot Viewing list of forums PetalBot Reading RIP Kenny Rogers PetalBot Reading RIP Kenny Rogers PetalBot Reading Covid-19 continues. Applebot Reading Will Mayfield work head enough to be great? Applebot Reading Will Mayfield work head enough to be great? PetalBot Reading Covid-19 continues. PetalBot Reading Your Top 5 OL Prospects For The Draft trendictionbot Reading Shout out to Terrelle Pryor PetalBot Reading Your Top 5 OL Prospects For The Draft PetalBot Reading Drafting a Free Safety PetalBot Reading Trades trendictionbot Viewing a list of posts PetalBot Reading Drafting a Free Safety proximic Viewing list of forums PetalBot Reading Trades PetalBot Reading Outbreak: COVID-19: The Hot Zone GrapeshotCrawler Reading Satanists vs Christians vs White Supremecists PetalBot Reading Outbreak: COVID-19: The Hot Zone PetalBot Reading Primaries 4 Googlebot AdSense Reading Russia blames US for drone attack on Kremlin Applebot Reading Bombshell memo could end Mueller Investigation Applebot Reading Bombshell memo could end Mueller Investigation PetalBot Reading Favorite Players from Each Sport PetalBot Reading COVID-19 pt4 PetalBot Reading Favorite Players from Each Sport PetalBot Reading Free Agency Cont’d PetalBot Reading COVID-19 pt4 PetalBot Reading Free Agency Cont’d proximic Reading Satanists vs Christians vs White Supremecists PetalBot Reading Your Top 5 OL Prospects For The Draft PetalBot Reading The General Election Trump vs Biden proximic Reading Mass Shootings Continued.. PetalBot Reading Your Top 5 OL Prospects For The Draft PetalBot Reading Mock Draft Thread PetalBot Reading COVID-19 pt4 PetalBot Reading Your Top 5 OL Prospects For The Draft PetalBot Reading The General Election Trump vs Biden PetalBot Reading Mock Draft Thread PetalBot Reading COVID-19 pt4 PetalBot Reading Your Top 5 OL Prospects For The Draft trendictionbot Reading Browns pick Sione Takitaki 80th overall proximic Reading Russia blames US for drone attack on Kremlin PetalBot Reading Mock Draft Thread Googlebot AdSense Reading Browns News and Notes cont. Applebot Reading IMPEACHMENT: James Madison warned us that Trump is dangerously un-American Applebot Reading IMPEACHMENT: James Madison warned us that Trump is dangerously un-American PetalBot Reading Your Top 5 OL Prospects For The Draft PetalBot Reading Draft day one thread PetalBot Reading Your Top 5 OL Prospects For The Draft PetalBot Reading Your Top 5 OL Prospects For The Draft PetalBot Reading Your Top 5 OL Prospects For The Draft GrapeshotCrawler Reading Russia blames US for drone attack on Kremlin GrapeshotCrawler Reading January 6th Fallout p6 PetalBot Reading Draft day one thread PetalBot Reading Draft day one thread PetalBot Reading Draft day one thread proximic Reading Russia blames US for drone attack on Kremlin
Pit, why do you put so much effort into talking to the clueless? What a complete waste of time.
It's more for people who read but don't post. These forums have a lot more people viewing than posting. Allowing such empty rhetoric to be left unchecked and unchallenged is what helped get people like trump, MTG, Boebert, Gaetz and so many other right wing extremists elected. Seeing their echo chamber being repeated here should be challenged by someone.
Thank God you're here to keep the evil in check!
And into the forest I go, to lose my mind and find my soul. - John Muir
Pit, why do you put so much effort into talking to the clueless? What a complete waste of time.
It's more for people who read but don't post. These forums have a lot more people viewing than posting. Allowing such empty rhetoric to be left unchecked and unchallenged is what helped get people like trump, MTG, Boebert, Gaetz and so many other right wing extremists elected. Seeing their echo chamber being repeated here should be challenged by someone.
Pit, why do you put so much effort into talking to the clueless? What a complete waste of time.
It's more for people who read but don't post. These forums have a lot more people viewing than posting. Allowing such empty rhetoric to be left unchecked and unchallenged is what helped get people like trump, MTG, Boebert, Gaetz and so many other right wing extremists elected. Seeing their echo chamber being repeated here should be challenged by someone.
Thank God you're here to keep the evil in check!
I, too, feel the heavy burden of needing to post articles that inevitably, over time, prove to not be accurate. I sometimes also post the articles from a couple of years ago and hope no one looks to fact-check me. If they do, I plead that it was an honest mistake...phew, I make a lot of honest mistakes! LOL! You see, it's pretty clear....if one does not post their political points of view on a football message board, it obviously means they cannot think for themselves or research issues on their own, and thus, it is incumbent upon me to think for them and post what I want them to believe, regardless if it is accurate or not. I even post for the bots well-being too as I leave no stone unturned here at Dawgtalkers. Then when I've been defeated in a debate (which happens quite a bit) I go ahead and move the goal posts, insinuate a poster means something they really don't to move the topic away from what I just got beat on, or even flat-out lie. All in the name to educate and inform the non-posters who clearly have no opinion or else they would say something on here. It's my job to spoon feed and force my version of the truth onto them....to save them!!
Pit, why do you put so much effort into talking to the clueless? What a complete waste of time.
It's more for people who read but don't post. These forums have a lot more people viewing than posting. Allowing such empty rhetoric to be left unchecked and unchallenged is what helped get people like trump, MTG, Boebert, Gaetz and so many other right wing extremists elected. Seeing their echo chamber being repeated here should be challenged by someone.
Thank God you're here to keep the evil in check!
I, too, feel the heavy burden of needing to post articles that inevitably, over time, prove to not be accurate. I sometimes also post the articles from a couple of years ago and hope no one looks to fact-check me. If they do, I plead that it was an honest mistake...phew, I make a lot of honest mistakes! LOL! You see, it's pretty clear....if one does not post their political points of view on a football message board, it obviously means they cannot think for themselves or research issues on their own, and thus, it is incumbent upon me to think for them and post what I want them to believe, regardless if it is accurate or not. I even post for the bots well-being too as I leave no stone unturned here at Dawgtalkers. Then when I've been defeated in a debate (which happens quite a bit) I go ahead and move the goal posts, insinuate a poster means something they really don't to move the topic away from what I just got beat on, or even flat-out lie. All in the name to educate and inform the non-posters who clearly have no opinion or else they would say something on here. It's my job to spoon feed and force my version of the truth onto them....to save them!!
Pit, why do you put so much effort into talking to the clueless? What a complete waste of time.
It's more for people who read but don't post. These forums have a lot more people viewing than posting. Allowing such empty rhetoric to be left unchecked and unchallenged is what helped get people like trump, MTG, Boebert, Gaetz and so many other right wing extremists elected. Seeing their echo chamber being repeated here should be challenged by someone.
Thank God you're here to keep the evil in check!
Not all heroes wear capes.
Defending the truth doesn't make you a hero but in today's times it does fill a much needed void. You're all welcome.
I had no idea that the goal of becoming an internet troll was such a lofty goal for some of you but you have obviously achieved your mission.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
VP Kamala Harris is now AI czar and will oversee an effort to ensure the technology is developed responsibly. Harris will work with Microsoft, OpenAI and Google about how they can mitigate risks and work with the government. The companies will 'participate in a public evaluation.'
"I think it's very important... For us at every moment in time, and certainly this one, to seize the moment in time in which we exist. The significance of the passage of time, right? The significance of the passage of time. So when you think about it, there is great significance to the passage of time. It is time for us to do what we have been doing and that time is every day."
Pretty obvious chatGPT struggles with GOPer. You must have used an early model. Gpt4 passed the bar exam in the 90 something percentile. And both it and 3.5 converse better than 30% of Americans in ANY language. That sounds like gibberish, and I struggle to think GPT was the reason it sounds like gibberish. But AIs tend to hallucinate when confused, so answers like that often happen from poor input. Maybe try again.
Btw, that 30% number is just the percentage I’m confident AI out performs on all levels of communication. Ask it to create a report on the pros and cons.
And what does Kamala or any of the idiots in congress know about AI? She’s nothing more than a figure head ordered to reel it in so big money can hoard it. As if other countries will stop training AI because of this fear mongering and cautionary cries to think it through. SMH, this genie is out of the bottle.
Thank God you're here to keep the evil in check!
