Stocks Slip, Extending April Pullback

Indexes finished a downbeat month ahead of the Fed meeting and jobs data. 


 
Fed to Signal It Has Stomach to Keep Rates High for Longer

Firmer price and wage pressures could lead longer-term rates to rise as investors continue paring back expectations of cuts. 


 
Labor costs rose at fastest pace in year and a half, ECI shows, in setback to Fed's effort to tame inflation

The cost of labor for U.S. companies accelerated in the first quarter at the fastest pace in a year and a half, complicating the Federal Reserve's effort to get inflation fully under control. 


 
Consumer confidence drops to 21-month low due to worries about food and gas prices

Consumer confidence fell in April for the third straight month and touched a 21-month low, a new survey showed, due to the high cost of food and gas and and fresh worries about the jobs market. 


 
Biden Administration Aims to Reclassify Marijuana as Less Dangerous Drug

The move would reshape the multibillion-dollar industry. 


 
Canada GDP Rises 0.2% in February

Canada's economy lost momentum after a strong start to the year and is tracking below the central bank's latest forecast, supporting expectations a first cut to interest rates could come before summer. 


 
Chicago business-activity index weakens in April to lowest level in 17 months

The Chicago Business Barometer, also known as the Chicago PMI, dropped sharply to 37.9 in April. That is the lowest level since November 2022. 


 
Home prices hit new all-time high 'in the face of economic uncertainty': Case-Shiller

The Case-Shiller 20-city home-price index rose 6.4% year over year in February. 


 
BOJ Data Suggest Yen-Buying Intervention of Tens of Billions of Dollars

Japan likely carried out significant yen-buying intervention on Monday, according to a calculation based on data from the Bank of Japan and private money brokers. 


 
South Doing All the Work in Europe's Upside-Down Recovery

Aided by a rapid rebound in tourist numbers, growth in the south is more than offsetting the north's manufacturing malaise.


(END) Dow Jones Newswires

04-30-24 1915ET