US STOCKS-Wall Street ends higher as Fed signals dovish bias; jobs report eyed [Yahoo! Finance]
DoorDash, Inc. (DASH)
Company Research
Source: Yahoo! Finance
U.S. stocks rallied on Thursday as investors weighed the Federal Reserve's more dovish-than-expected interest rate guidance on Wednesday against a plethora of mixed earnings and economic data. All three indexes ended in positive territory, with the tech-heavy Nasdaq enjoying a healthy boost from chip stocks after Qualcomm reported quarterly sales and profit above analyst expectations. Markets continued to parse Fed Chair Jerome Powell's assurances on Wednesday that the central bank's next policy move will be to lower its key policy rate, after it left rates unchanged at the end of its monthly meeting. However, he noted that recent strong inflation readings have suggested that first of these rate cuts could be a long time in coming. "The takeaway from yesterday is that the Fed's bias is still a downward, hold steady or cut rates," said Paul Nolte, senior wealth advisor and market strategist at Murphy & Silvest in Elmhurst, Illinois. "They're not willing to raise rates from her
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DASH
Earnings
- 5/1/24 - Beat
DASH
Sec Filings
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- 5/13/24 - Form 144
- DASH's page on the SEC website