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Stock Market Rally Tumbles As Fed’s Powell Hints At Slower Hikes, But Higher Peak Rate

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Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. The stock market rally suffered major losses Wednesday following the Federal Reserve meeting. X The major indexes rebounded after the Fed hiked rates aggressively yet again but signaled that it could start to slow the pace of rate increases. However, Fed … Read more

Robinhood Q3 earnings beat estimates, stock rises after hours

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Retail trading app Robinhood (HOOD) reported third quarter-earnings Wednesday showing the company beat revenue and earnings estimates thanks to higher interest earned from rising rates. But the platform fell short on maintaining monthly active users at consensus expectations. It lost 1.8 million monthly active users for the period, a quarterly decrease of 12.8% to 12.2 … Read more