Claims extracted
19
sentences that state something as happening or true
Uncertain
0%
0 of 19 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
63/100
Global News's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Tech stocks have surged this week ahead of Wednesday’s meeting of the U.S. Federal Reserve with markets anticipating no change to the benchmark U.S. interest rate, at least not yet.
asserted
markets → surge → rate
The rapid-growth tech sector is fueled by easy access to credit and hyperscalers like Microsoft and Alphabet will post quarterly earnings reports after the bell.
asserted
hyperscalers → fuel → bell
Amazon and Intel release earnings Thursday.
asserted
Amazon → release → earnings
The tech rally continued before the opening bell Wednesday as futures for the Nasdaq, already up two per cent this week, rose 0.4 per cent.
asserted
futures → continue → Nasdaq
Futures for the S&P 500 edged up 0.1 per cent, while those for the Dow Jones Industrial Average fell 144 points, or 0.3 per cent.
asserted
those → edge → Average
The Fed is in a bind, however, with higher energy prices from the conflict in the Middle East intensifying inflation.
asserted
prices → intensify → inflation
Benchmark U.S. crude rose more than two per cent early Wednesday after an attack on a major Saudi Arabian refinery by Iran-backed Houthi rebels this week.
asserted
crude → rise → rebels
Memory chipmaker SK Hynix jumped 11.4 per cent to its highest level in two weeks after it reported a record-high operating profit of 83.3 trillion won (US$62.8 billion) for the last quarter, up nearly sevenfold from a year earlier and beating market estimates.
asserted
it → jump → estimates
In other early trading, the cryptocurrency platform Robinhood is down sharply after its quarterly profit fell short of expectations.
asserted
profit → fall → expectations
Stellantis rose six per cent after the automaker stood by its guidance for the year despite heavy costs related to its turnaround bid.
asserted
automaker → rise → bid
In Europe, Germany’s DAX edged up less than 0.1 per cent to 25,598.39, while the CAC 40 in Paris declined 0.1 per cent to 7,876.05.
asserted
CAC → edge → 7,876.05
Britain’s FTSE 100 fell 0.3 per cent to 10,656.49.
asserted
FTSE → fall → 10,656.49
In Asia, South Korea’s Kospi surged 6.6 per cent to close at 6,012.44.
asserted
Kospi → surge → 6,012.44
The Bank of Japan begins a two-day policy meeting on Thursday, with markets expecting its benchmark interest rate to be unchanged.
asserted
rate → begin → Thursday
Treasury yields are relatively steady before the Federal Reserve announces its decision on interest rates.
asserted
Reserve → announce → rates
The Fed last month hiked the fed funds rate for the first time in three years in hopes of slowing inflation, but the widespread expectation on Wall Street is that it will hold rates steady this time.
asserted
it → hike → rates
The yield on the 10-year Treasury, an important indicator on inflation for the Fed, edged up 0.25 per cent to 5.0 per cent early Wednesday.
asserted
yield → edge → cent
The U.S. dollar slid to 157.92 Japanese yen from 157.95 yen.
asserted
dollar → slide → yen
The euro was trading at $1.1128, up from $1.1126.
asserted
euro → trade → 1.1126
The Aporia
