SQ - Wall Street Lunch: 'No Stag No Flation'
2024-05-01 17:16:38 ET
Summary
- The Fed surprises with a dovish playbook with QT reduction timing.
- Equities initially rise but end in the red as profit-takers jump in after Chairman Powell's speech.
- CVS Health hits a 52-week low after reporting lower-than-expected Q1 financials and cutting its full-year outlook.
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Chairman Powell still looking for a cut as next move. (0:18) Stocks lose their Fed bounce, but yields slide . (0:38) CVS hits 52-week low. (3:39)...
Wall Street Lunch: 'No Stag, No Flation'