The market fluctuated between small gains and losses during a fairly mundane environment that the Federal Reserve was unable to revive.
This afternoon, the Fed released minutes of the FOMC meeting in March, and officials expressed patience in maintaining their loose monetary policy, believing that it will take “some time” until its economic and price stability targets are in place. achieved.
“Without a doubt, the minutes of the March FOMC meeting indicate a desire to maintain a highly flexible monetary policy stance for the foreseeable future,” said Bob Miller, BlackRock’s head of US fundamental fixed income. But he adds that “the March meeting was also attended by seven of the 18 participants who did not consider it appropriate to keep the policy target range unchanged for another three years.
“There are now too many voices to suppress … We think this debate will develop further as the economy (and inflation) strengthens in the coming months.”
There have been separate pockets of movement in today’s marketplace – larger technology companies such as Twitter (TWTR, + 3.0%) and Nvidia (NVDA, + 2.0%) rallied, as did recovery stocks such as retailers. L brands (LB, + 3.6%) and cruise line operator Carnival (CCL, + 1.4%).
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But broader indices have remained largely unchanged. The Dow improved marginally to 33,446.26. The S&P 500 rose just 0.2% to 4079, but that was enough to mark a new all-time high.
Other actions in the stock market today:
- AT Nasdaq Composite was slightly up to 13,688.
- Small cap Russell 2000 had a much harder time, falling 1.6% to 2223.
- US Crude Oil Futures The stock rose again a modest 0.4% to $ 59.55 a barrel.
- Gold futures fell just 0.1% to $ 1,741.60 an ounce.
- Bitcoin prices fell 3.6% to $ 56,136. (Bitcoin trades 24 hours a day; prices are quoted as of 4:00 pm on each trading day.)
What stocks are worth looking at? That’s what the machine had to say.
Over the past few years, we have often touted the potential of artificial intelligence (AI). The technology’s ability to revolutionize everything from industrial logistics to toasting bread has made companies that are adopting or making the best use of artificial intelligence in many of the best companies on the market.
As a result, several AI-focused funds have come to life, and some of the most innovative companies today are using AI in their businesses.
But artificial intelligence can not only manage profitable stocks, but pick them too.
Towards the beginning of 2021, we explored the AI-powered analytics platform and some of its options, and since then, these stocks have overwhelmed the market. Naturally, we’re curious to see if this “picker robot” can still outperform, so we’ve taken a fresh (and expanded) look at the major stocks of this system to see right now. You should too.