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Stock impact report

Stock market today: Dow ekes out gain, snapping longest losing streak in 50 years [Yahoo! Finance Canada]

Piper Sandler Companies (PIPR) 
Last piper sandler companies earnings: 5/1 08:04 am Check Earnings Report
hawkish outlook from the Federal Reserve on its path for interest rates looming over markets. The Dow Jones Industrial Average ( ^DJI ) ended a 10-day losing streak, its longest in 50 years, as it closed just above the flat line on Thursday. Meanwhile, the S&P 500 ( ^GSPC ) and tech-heavy Nasdaq Composite ( ^IXIC ) both fell about 0.1%. The 10-year Treasury yield ( ^TNX ) continued its trek higher on Thursday, rising roughly seven basis points to hit 4.57% for its highest levels since May. Markets were looking to bounce back after a harsh reaction the day before, which was prompted by the Fed scaling back the number of rate cuts it expects next year and Chair Jerome Powell saying Wednesday's decision — cutting rates by a quarter point — was a "closer call." Markets interpreted the Fed's moves as a "hawkish cut" and reacted accordingly, sending the S&P 500 and Nasdaq to their worst days since the summer. On the economic front, the third estimate for third quarter US GDP showe Show less Read more
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