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Bank of America says it sees seven Fed rate hikes this year

Jan 28 (Reuters) - Bank of America economists said on Friday that they expect the Federal Reserve to hike rates by 25 basis points seven times this year, beginning in March, adopting one of the most aggressive views on Fed tightening among major banks. Economists have scrambled to update rate hike expectations since the Fed on Wednesday said it was
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S&P 500, Nasdaq open higher after Apple results, inflation data

Jan 28 (Reuters) - The S&P 500 and the Nasdaq opened higher on Friday after strong results from Apple Inc and as the latest reading of the Federal Reserve's preferred gauge to measure inflation came in line with expectations. The Dow Jones Industrial Average .DJI fell 25.54 points, or 0.07%, at the open to 34,135.24. The S&P 500 .SPX opened higher
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Nasdaq set for higher open after Apple results, inflation data

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Apple rises after posting record holiday quarter sales * Caterpillar falls on flagging Q1 margin pressure * Futures down: Dow 0.31%, S&P 0.09%, Nasdaq 0.17% By Devik Jain and Bansari Mayur Kamdar Jan 28 (Reuters) - The Nasdaq was set to o
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US equity funds see massive outflows on tech selloff

Jan 28 (Reuters) - U.S. investors ramped up their selling of equity funds in the week to Jan. 26, hit by a selloff in tech stocks, and the rising geopolitical tensions between Russia and Ukraine. According to Refinitiv data, investors offloaded U.S. equity funds worth $9.42 billion in the week - more than twice the amount it offloaded the previous
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Nasdaq futures turn positive after December core PCE data

Jan 28 (Reuters) - Nasdaq futures erased losses and turned positive on Friday after data showed the U.S. Federal Reserve's favored inflation gauge, the core personal consumption expenditure (PCE) price index, rose for the month of December in line with expectations. At 8:41 a.m. ET, Dow e-minis 1YMcv1 were down 81 points, or 0.24%, S&P 500 e-minis
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