He sees another rate hike of 25 basis point, but pauses to observe its impact on the economic situation. Topix and both declined marginally. The 0.09% is a maximum. Since 1950, April has been historically the best month for the 30-stocks index. The average gain is 1.9%. Prior pre-election year Aprils are usually even better. The Dow Jones Industrial Average has been the most successful of the major indexes this month, with a 2.1% gain. Alex Harring
Moynihan stated in the bank's earnings call that "everything points to a mild recession" given the amount paid as stimulus to the people and their money left over. Moynihan stated that Bank of America’s research team consistently predicted a mild recession in light of Federal Reserve’s aggressive rate increases. The company said that "Nvidia’s incredible AI pricing powers (is) still not fully priced-in" and that artificial Intelligence will give a significant boost in chip prices. After the positive upgrade, other semiconductor companies also saw their shares increase. ON Semiconductor Corp. and Advanced Micro Devices both saw their shares rise by 1.3% and 0.8% respectively. Shares of Applied Materials gained 0.45%.
-- Hakyung Kim
Here are six.
-- Weizhen Tan