Along with new economic data, comments from Federal Reserve officials weighed heavily on investor sentiment last week.
The U.S. economy continues to show resilience, with manufacturing returning to expansion after 16 months of contraction and the labor market adding 303,000 new jobs in March, more than economists expected.
Buoyed by this positive economic momentum, recent public statements from Fed officials have tempered expectations that a rate cut is imminent, with Fed directors reiterating the need to see more positive data on disinflation. ing.
Wall Street saw mixed performance this week, with uncertainty surrounding monetary policy in the spotlight. Energy stocks are Energy Select Sector SPDR Fund (NYSE:XLE) was particularly notable as crude oil prices rose to their highest in more than six months, nearing $90 a barrel.
Apple’s robotics ambitions
Apple. (NASDAQ:AAPL) is reportedly shifting focus from its electric vehicle ambitions to home robots, reflecting its continued quest for the next big innovation. This initiative includes mobile robots and sophisticated tabletop devices with display repositioning arms aimed at redefining smart home technology.
Analysts have expressed mixed opinions about Apple’s potential foray into the realm of personal home robots.
Disney Board of Directors Wins Vote
disney company (NYSE:DIS) shareholders overwhelmingly supported the company’s current board of directors, decisively defeating activist shareholder candidates Tryon and Blackwell.This result will solidify the CEO’s position. Bob IgerDisney’s leadership aims to focus on growth, value creation, and maintaining our position in the entertainment industry.
demand overwhelms supply
Eli Lilly (NYSE:LLY) is facing challenges meeting high demand for its weight loss drugs Mounjaro and Zepbound, with shortages reported. Amazon Co., Ltd. (NASDAQ:AMZN) Pharmacy. The situation highlights the company’s efforts to expand its drug success and manufacturing capabilities.
EV penny stocks rise
Nikola Co., Ltd. Electric truck maker (NASDAQ:NKLA) outperformed larger companies such as: tesla company (NASDAQ:TSLA), Rivian Automotive Co., Ltd. (NYSE:RVN) and Lucid Group Co., Ltd. (NASDAQ:LCID) expressed in terms of stock price performance through 2024. This growth comes after a tough 2023 for Nikola, including a drop in stock price, recalls, and management changes. Nikola’s focus on hydrogen fuel cell trucks, in contrast to the slump in the broader EV market, has helped the stock rebound.
Read now: Tesla reportedly withdraws plans for low-cost cars, but Elon Musk denies the story
Image generated using artificial intelligence in Midjourney.
