U.S. Market Recap (Early May)

    The US financial market is in flux, with the Fed delaying interest rate cuts due to persistent inflation. Despite a steady hold on rates, policymakers express caution, predicting no rate changes this year unless consecutive months of inflation improvement occur. The Saudi Central Bank often mirrors Fed policy due to the Riyal's peg to the dollar. Stock markets remain resilient, driven by positive Q1 results and optimistic forecasts. Warren Buffett focuses on long-term investment, while Apple's significant stock repurchase buoyed investor confidence. Tesla surged after China's tentative approval of its self-driving technology, while Amazon reported strong results. However, AMD and SMCI disappointed, and the S&P 500 index broke above its 50-day moving average.

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