even though for most of the day things were a lot better. we have the nasdaq racing ahead almost 2 percentage points and for a while, dipping to a year low, all in the same trading day. that is called volatility. if ashley webster is right, this could be the tone maybe for the rest of the year. ashley? may be, neil. good afternoon to you. 24 hours ago, we knew that the market had tape a real beating. today the bleeding subsided and stocks, as you say, actually managed to win back some, a modest amount of the losses. then it faded away in the last hour. so what s been going on today? strong earnings from microsoft and visa. lifted investors spirits even though worries about a slowing economy and an aggressive rate hiking fed had not gone away. check out microsoft. strong earnings. boosting the majors, strong first quarter and a bullish outlook. shared up 5%. take a look at visa. jumping more than 6 1/2% today. again, on good ratings results. but on the down side, we have goo
for a mugshot, but he did have his fingerprints taken. his court appearance took place just blocks from the us capitol building, where the events of january 6th played out. the special prosecutor alleges in his indictment that the former president fuelled the attack by sowing distrust in the 2020 election. the charges mr trump is facing include conspiracy to defraud the united states and conspiracy to obstruct an official proceeding, namely his attempt to stop the counting of the vote. protests took place outside the district court in washington, dc on thursday, as the former president faced the charges inside. some were anti trump demonstrators, and some were his supporters, who waved the american flag. before boaring his plane to travel back to newjersey, mr trump spoke briefly to reporters. he described the charges as the persecution of a political opponent . this is a very sad day for america. and it was also very sad driving through washington, dc and seeing the filth
investors brushed off comments from the chair of america s central bank, jerome powell, who s ruled out an interest rate cut next month. isaac poole, the global chief investment officer at 0reana financial services gave us his outlook on the interest rates and the markets earlier. what we are seeing here is the market really continuing to expect significant rate cuts from the fed and that has helped drive forward returns, as you say, this target was what we were expecting to hit at the end of the year, but we have seen a little bit better than expected economic data is also helping optimism, that earnings growth might pick up a bit in the next few months. so this is all bit in the next few months. so this is all about expectation for rate cuts, mr optimism because of strong earnings? i think it really does reflect rate cut expectations and a growing belief that the us can have a soft landing, because when you look at earnings growth, actual earnings growth has been slow and
continued to expect continuing to read cuts from the fed, which is held jack forward returns. as you say, this target is what we were expected to hit at the end of the year but we have seen a bit better than expected economic data that is hope and optimism that things might pick up in the next few months. is that things might pick up in the next few months. is this all about the next few months. is this all about expectation - the next few months. is this all about expectation for - the next few months. is this | all about expectation for rate cuts was to mark as their optimism because of strong earnings? it optimism because of strong earnings? optimism because of strong earninus? . , ., . earnings? it reflects rate cut exnectations earnings? it reflects rate cut expectations undergoing - earnings? it reflects rate cut l expectations undergoing belief that the us can have a soft landing, when you look at earnings growth, actually earnings growth, actually earnings growth