Shares tick up with Fed boost; oil hits four-month peak [Reuters]
Wells Fargo & Company (WFC)
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Source: Reuters
Shares tick up with Fed boost; oil hits four-month peak | Reuters 5 Min Read NEW YORK (Reuters) - Stocks across the world fought to extend their longest winning streak of the year on Wednesday, with a global index edging up as a boost from a dovish Federal Reserve more than offset concerns over U.S.-China trade talks. In a major shift in its perspective, the Fed expects no rate hikes this year and only one in 2020, no longer anticipating the need to guard against inflation with restrictive monetary policy. The central bank also said it would stop reducing the size of its balance sheet by the end of September, sooner than expected. But oil prices surged after a large draw in U.S. inventories surprised markets and sterling tumbled after Britain requested a shorter-than-expected delay for Brexit. Despite the pound’s drop, the dollar index hit its lowest level since Feb 4. Shares of chemicals group Bayer AG fell 9.6 percent in Frankfurt, their third-largest daily drop in a decade, after a
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WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/23/24 - Form 8-K
- 4/23/24 - Form PX14A6G
- 4/23/24 - Form 424B2
- WFC's page on the SEC website