Stocks Close Lower After Market Rally on Williams' Remarks, More
Summary
Wall Street stocks bounced from lows as Fed officials signaled only one more rate hike is needed this year, while oil prices remained elevated. Apple launched a new $299 smart home display to challenge Amazon and Google, and Six Flags temporarily shut down rides following safety incidents. Financially, Wells Fargo beat earnings estimates, while JPMorgan saw a decline in fixed income trading. The episode also covers the sentencing of Tupac Shakur's killer, a court order halting work on a D.C. golf course, and Pope Leo XIV's successful surgery.
Topics discussed
Sponsor: PayPal Pay Later
Wall Street closing numbers
Treasury yields and oil prices
Fed officials signal one more rate hike
Fed's Barkin on persistent inflation
Cornell suspends frat parties
Six Flags shuts down rides; Apple HomeView launch
Analysis of Apple's new smart home devices
Wells Fargo and JPMorgan earnings
Tupac Shakur shooter sentenced
Background on Tupac murder case
Court halts work on D.C. golf course
Judge criticizes government over tree removal
Pope Leo XIV successful surgery
Sponsor: PayPal Checkout
Sponsor: WhisperFlow Note Taker
Sponsor: Edward Jones
Listen ad-free on Castria