News Highlights: Top Global Markets News of the Day - Friday at 3 AM ET
Dow Notches Longest Winning Streak of 2024
All three stock indexes neared records, reversing April's declines.
U.K. Returns to Growth as War Shock Fades
The U.K.'s gross domestic product rose 0.6% in the first quarter, a sign that the country is beginning to recover from the damage caused by Russia's invasion of Ukraine.
Why the Dow Keeps Outperforming the S&P 500 This Month
The Dow Jones Industrial Average has closed higher every day in May, beating out the S&P 500 for a rare stretch.
Small-Caps Are Stuck. How They Get Moving Again.
If the Federal Reserve starts hinting about lower interest rates, small-cap prices could shoot up as hedge funds exit short positions.
Fed's Mary Daly Sees 'a Really Healthy Labor Market'
The San Francisco Fed president also dismissed the idea that additional interest-rate hikes are necessary at this point.
The Fed Is in a Holding Pattern. That Could Be Good for Stocks.
Interest rate cuts may not happen until much later this year or even 2025. But that is because the economy-and earnings- remain healthy.
New Zealand's Manufacturing Sector Remains in Contraction
The country's manufacturing sector showed tentative signs of recovery in April, but remained in contraction, according to the latest BNZ - BusinessNZ Performance of Manufacturing Index.
Saudi Arabia's Economy Isn't Just About Oil. 4 Stocks to Consider.
Saudi Arabia boosted its economy, kept China as an oil customer, opened up more jobs for women, and is becoming more socially liberal.
Japan's Stock Rally Has Room to Run, This Expert Says. What He's Buying Now.
Masa Takeda, manager of the Hennessy Japan fund, likes insurance and semiconductor shares, and 7-Eleven parent Seven & I.
BOE Leaves Rates Unchanged, Signals It's Closer to Cutting
The U.K.'s central bank left its key rate at 5.25% but indicated it could lower it in the coming months-possibly as early as June.
(END) Dow Jones Newswires
May 10, 2024 03:15 ET (07:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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