News

U.S. software stocks weakened in early trading, with Salesforce falling 3.6%, Atlassian falling 5.3%, Zscaler falling 4.9%, Datadog falling 4%, Intuit falling 3.3%, and ServiceNow falling 3%.

EIA natural gas inventories in the United States for the week to April 24 will be released in ten minutes.

The Dow's gains expanded to 1%, while the Nasdaq is now down 0.55%.

European Central Bank President Lagarde: The European Central Bank will revise and update its scenarios in June.

European Central Bank President Lagarde: The response mechanism has three pillars.

People familiar with the matter described a draft White House memo on artificial intelligence that calls on U.S. agencies to use multiple AI vendors.

ECB President Lagarde: Interest rates are the best tool at our disposal.

ECB President Lagarde: We don’t apply this term to today’s situation.

European Central Bank President Christine Lagarde: The term stagflation is best left in the 1970s.

- Oil prices reversed course Thursday, with Brent crude futures losing 3% to trade above $114 a barrel and West Texas Intermediate futures falling 2% to trade above $104- Wall Street is coming off a mixed session, with the Dow losing more than 200 points on Wednesday while the S&P 500 and Nasdaq ended the session along the flatline.- Federal Reserve voting to hold interest rates steady in the range of 3.5% to 3.75%, as investors had largely expected, although the 8-4 vote marked the first time four Fed officials have dissented since 1992.- Thursday also marks the final trading day of April, a month that has seen a surge for tech names. The S&P 500 is on pace for a 9.3% advance, while the Nasdaq is heading for a 14.3% jump. Both indexes are on track for their best month since 2020. - The core personal consumption expenditures price index, which excludes food and energy, accelerated a seasonally adjusted 0.3% for the month, pushing the 12-month inflation rate to 3.2%- Commerce Department reported that gross domestic product grew at a 2% seasonally adjusted annualized pace in the first quarter, up from 0.5% in the fourth quarter of 2025 but lower than the 2.2% estimate- Meta Platforms — The Facebook parent tumbled 9% after hiking its full-year capital expenditures guidance to a range of $125 billion to $145 billion, raising concern over its AI spending. That forecast overshadowed a better-than-expected Q1 report.- South Korea’s benchmark Kospi index logged its strongest monthly gain, up nearly 31%, since January 1998- Microsoft — The “Magnificent Seven” inched higher. icrosoft reported an earnings and revenue beat in its fiscal third quarter. Revenue from Azure and other cloud services rose 40%.- Amazon — Shares rose 4% after the company reported first-quarter results that were above estimates.

European Central Bank President Lagarde: It is expected that the conflict in the Middle East will not have any substantive results by the next meeting.

European Central Bank President Lagarde: There are still six weeks until the next meeting, which is the right time to assess the situation.

Bank of America raised its 2026 aluminum price forecast by 12.7% to $3,309/ton.

European Central Bank President Lagarde: The hard data were broadly in line with expectations.

European Central Bank President Lagarde: There is a lot of uncertainty at the moment and we need to re-examine all issues at the next meeting.

European Central Bank President Lagarde: We discussed a variety of options including possible interest rate hikes.

European Central Bank President Lagarde: Some central bankers may express their own opinions on both the pros and cons of the proposal.

Bank of America reiterated its gold price forecast for the next 12 months at $6,000.

European Central Bank President Lagarde: We discussed various options for a long time and the decision was unanimous.

European Central Bank President Lagarde: A wise decision was made without sufficient information.