US STOCKS-Wall St falls in lead up to Fed verdict after hot labor costs data [Yahoo! Finance]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: Yahoo! Finance
McDonald's down after rare profit miss Indexes down: Dow 0.57%, S&P 0.13%, Nasdaq 0.07% (Updated at 10:01 a.m. ET/ 1401 GMT) By Shristi Achar A and Shashwat Chauhan April 30 (Reuters) - Wall Street's main indexes fell on Tuesday with caution prevailing ahead of the Federal Reserve's interest-rate decision and as stronger-than-expected labor costs hinted at persistent inflation. U.S. labor costs increased in the first quarter amid a rise in wages and benefits, confirming the surge in inflation early in the year that will likely delay a much-anticipated interest rate cut later in 2024. "This pretty much tells you that the Fed is going to be very reluctant to reduce short-term interest rates in 2024 and that's had the predictable impact on the stock market," said Hugh Johnson, chief economist at Hugh Johnson Economics. "It doesn't really take interest rate reductions off the table, but it does mean that this number is certainly not going to help." The data comes ahead
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GE
Earnings
- 4/23/24 - Beat
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Sec Filings
- 5/14/24 - Form 13F-HR
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- 5/8/24 - Form 4
- GE's page on the SEC website