Wall Street rallies on rate hopes, notches gain for the week
1 year, 11 months ago

Wall Street rallies on rate hopes, notches gain for the week

Associated Press  

Stocks rallied after a shaky start and closed with broad gains Friday as some mixed readings on the U.S. economy stoked hope on Wall Street that inflation may keep cooling and the Federal Reserve may ease up on its interest rate hikes. On the downside, it also showed hiring across the job market may still be too strong for the Fed’s liking, even after its fusillade of rate hikes last year. “As long as wage gains are coasting to a sustainable altitude, the Fed might continue to throttle back its rate hikes,” said Brian Jacobsen, senior investment strategist at Allspring Global Investments. Analysts said that’s likely due in part to the rate hikes already pushed through by the Fed, and the weakness could also reduce pressure on the nation’s inflation.

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History of this topic

Wall Street heads for upbeat open as investors cheer US inflation data
Trending News
1 day, 17 hours ago

Wall Street heads for upbeat open as investors cheer US inflation data

Live Mint  

* Dollar gains, S&P futures up 0.1% * Futures imply two Fed rate cuts in 2025 * Dollar remains strong on high bond yields By Amanda Cooper LONDON, Dec 23 - U.S. stock futures rose on Monday, pointing to an upbeat start on Wall Street following a U.S. inflation reading last week that offered some hope for further policy easing …

Wall Street rises to turn a dismal week into just a bad one
5 days, 1 hour ago

Wall Street rises to turn a dismal week into just a bad one

Associated Press  

NEW YORK — U.S. stocks rose Friday to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one. The threat of higher inflation was one of the reasons Fed Chair Jerome Powell gave this week when the central bank hinted it may deliver fewer cuts to interest rates next year …

Wall Street today: US stocks edge higher in anticipation of Fed rate cut, Nvidia rallies
6 days, 15 hours ago

Wall Street today: US stocks edge higher in anticipation of Fed rate cut, Nvidia rallies

Live Mint  

US stock indices rose on Wednesday in anticipation of interest rate cut by the Federal Reserve, that is due to announce its final policy decision of this year later in the day. At 12:00 pm ET, the Dow Jones Industrial Average rose 160.68 points, or 0.37 per cent, to 43,610.58, the S&P 500 gained 12.56 points, or 0.21 per cent, …

Stock market today: Wall Street trims its stellar gains as Nvidia’s star dims again
1 week, 1 day ago

Stock market today: Wall Street trims its stellar gains as Nvidia’s star dims again

Associated Press  

NEW YORK — U.S. stock indexes pulled back on Tuesday to trim some of their stellar gains for the year. Nvidia, the superstar stock that’s been a big reason for Wall Street’s run to repeated records this year, fell 1.2% to weigh on the market. Like the overall U.S. market, Nvidia’s stock had climbed so much that critics warned expectations …

Wall Street today: S&P 500, Nasdaq slid at US market open as investors eye economic data ahead of Fed meeting
1 week, 5 days ago

Wall Street today: S&P 500, Nasdaq slid at US market open as investors eye economic data ahead of Fed meeting

Live Mint  

Wall Street today: The US markets opened today with the S&P 500 and the Nasdaq losing points on Thursday, after closing higher at the previous market close. At 9:37 a.m., the Dow Jones Industrial Average rose 0.09 per cent to 44,188.62 points, the S&P 500 dropped 0.26 per cent to 6,068.64 points and the Nasdaq Composite fell 0.48 per cent …

Stock market today: Wall Street gets back to climbing, and the Nasdaq tops 20,000
2 weeks ago

Stock market today: Wall Street gets back to climbing, and the Nasdaq tops 20,000

Associated Press  

NEW YORK — U.S. stock indexes got back to climbing on Wednesday after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. Stocks got a boost as expectations built that Wednesday’s inflation data will allow the Fed to deliver another cut to interest rates at its meeting next week. …

Wall Street gets back to climbing, and the Nasdaq tops 20,000
2 weeks ago

Wall Street gets back to climbing, and the Nasdaq tops 20,000

LA Times  

The Standard & Poor’s 500 index rose 0.8% to break its first two-day losing streak in nearly a month and finished just short of its all-time high. Stocks got a boost as expectations built that Wednesday’s inflation data will enable the Fed to deliver another cut to interest rates at its meeting next week. “The data have given the Fed …

Stock market today: Wall Street slips to a rare back-to-back loss
2 weeks, 1 day ago

Stock market today: Wall Street slips to a rare back-to-back loss

Associated Press  

NEW YORK — U.S. stock indexes drifted lower Tuesday in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. AP AUDIO: Stock market today: Wall Street drifts as it waits for inflation data Investors are looking for direction on Wall Street. Wednesday’s update and a report on Thursday about …

Stock market today: Wall Street slips to a rare back-to-back loss
2 weeks, 1 day ago

Stock market today: Wall Street slips to a rare back-to-back loss

LA Times  

A banner for Alaska Air Group hangs at the front of the New York Stock Exchange in the city’s Financial District. U.S. stock indexes drifted lower Tuesday in the run-up to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. Tech titan Oracle dragged on the market and sank 6.7% after reporting …

Stock market today: Nvidia drags Wall Street from its records as oil and gold rise
2 weeks, 2 days ago

Stock market today: Nvidia drags Wall Street from its records as oil and gold rise

Associated Press  

NEW YORK — A slide for market superstar Nvidia on Monday knocked Wall Street off its big rally and helped drag U.S. stock indexes down from their records. Nvidia’s fall of 2.5% was by far the heaviest weight on the S&P 500 after China said it’s investigating the company over suspected violations of Chinese anti-monopoly laws. Nvidia’s drop overshadowed gains …

Nvidia drags Wall Street from its records as oil and gold rise
2 weeks, 2 days ago

Nvidia drags Wall Street from its records as oil and gold rise

LA Times  

A sign marks the intersection of Wall Street and South Street in New York’s Financial District. A slide for market superstar Nvidia on Monday knocked Wall Street off its big rally and helped drag U.S. stock indexes down from their records. Nvidia has skyrocketed to become one of Wall Street’s most valuable companies because its chips are driving much of …

Wall Street parties like it’s 1998 as AI fuels gains unmatched since dot-com era
2 weeks, 5 days ago

Wall Street parties like it’s 1998 as AI fuels gains unmatched since dot-com era

Associated Press  

NEW YORK — The S&P 500 is on track to close 2024 with a gain of nearly 27%, after setting 50 record highs this year. That’s on top of its 24.2% spurt the year before, a spectacular two-year run unmatched since the dot-com boom. But perhaps more importantly, it’s so far avoided a recession that many on Wall Street worried …

Stock market today: Wall Street edges back from its records as bitcoin briefly pops above $100,000
2 weeks, 6 days ago

Stock market today: Wall Street edges back from its records as bitcoin briefly pops above $100,000

Associated Press  

NEW YORK — The huge rally for U.S. stocks lost momentum on Thursday as Wall Street counted down to a big jobs report that’s coming on Friday. Bitcoin powered above $100,000 for the first time the night before, after President-elect Donald Trump chose Paul Atkins, who’s seen as a crypto advocate, as his nominee to head the Securities and Exchange …

Wall Street edges back from its records as bitcoin briefly pops above $100,000
2 weeks, 6 days ago

Wall Street edges back from its records as bitcoin briefly pops above $100,000

LA Times  

Holiday decorations adorn the New York Stock Exchange in New York’s Financial District on Wednesday. The huge rally for U.S. stocks lost momentum on Thursday as Wall Street counted down to a big jobs report that’s coming on Friday. Bitcoin powered above $100,000 for the first time the night before, after President-elect Donald Trump chose Paul Atkins, who’s seen as …

Wall Street today: S&P 500 and Dow Jones slip, Nasdaq edges higher
3 weeks ago

Wall Street today: S&P 500 and Dow Jones slip, Nasdaq edges higher

Live Mint  

Wall Street stock indices were mixed on Tuesday after the S&P 500 and the Nasdaq hit record high levels in the previous session. As of 10:15 am Eastern time, the S&P 500 was down 0.1 per cent, the Dow Jones Industrial Average dropped 0.2 per cent, and the Nasdaq Composite edged up by 0.1 per cent. At the opening bell, …

Wall Street turns positive as Dow hits one-week high
Trending News
1 month ago

Wall Street turns positive as Dow hits one-week high

Live Mint  

* Amazon drops after report on EU investigation next year * Alphabet slips after Justice Department pushes for Chrome sale * Deere shares up after Q4 profit beats estimates * Indexes up: Dow 1.19%, S&P 500 0.65%, Nasdaq 0.22% By Abigail Summerville and Johann M Cherian Nov 21 - Wall Street's main indexes turned positive after choppy trading on Thursday, …

Stock market today: Wall Street rises with Nvidia as bitcoin bursts above $99,000
1 month ago

Stock market today: Wall Street rises with Nvidia as bitcoin bursts above $99,000

Associated Press  

NEW YORK — U.S. stocks climbed Thursday after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. But its stock recovered in premarket trading Thursday, and Wedbush analyst Dan Ives said it was another “flawless” profit report provided by Nvidia and CEO Jensen Huang, whom Ives calls “the Godfather of AI.” The stock …

Wall Street rises with Nvidia as bitcoin bursts above $99,000
1 month ago

Wall Street rises with Nvidia as bitcoin bursts above $99,000

LA Times  

U.S. stocks climbed Thursday after market superstar Nvidia and other companies said they’re making even fatter profits than expected. Nvidia rose just 0.5% after beating analysts’ estimates for profit and revenue yet again, but it was still the strongest force pulling the S&P 500 upward. But its stock recovered in premarket trading Thursday, and Wedbush analyst Dan Ives said it …

Wall Street today: US stocks drop amid geopolitical tensions, Nvidia earnings in focus, Target tanks 20%
1 month ago

Wall Street today: US stocks drop amid geopolitical tensions, Nvidia earnings in focus, Target tanks 20%

Live Mint  

US stocks dropped on Wednesday amid escalating geopolitical tensions between Russia and Ukraine, and as investors awaited chip giant Nvidia's quarterly results. At 09:53 am the Dow Jones Industrial Average rose 1.09 points to 43,270.03, the S&P 500 lost 20.79 points, or 0.35 per cent, to 5,896.19 and the Nasdaq Composite lost 94.90 points, or 0.50 per cent, to 18,892.57. …

Stock market today: Wall Street drifts as Target tumbles
1 month ago

Stock market today: Wall Street drifts as Target tumbles

Associated Press  

NEW YORK — U.S. stocks drifted to a mixed finish on Wednesday, though the modest moves for indexes masked some thrashing underneath the surface. Target’s performance stood in stark contrast to rival Walmart, which reported another quarter of stellar sales Tuesday and released optimistic projections for the holiday season. It’s grown so fast, with its stock nearly tripling for the …

Wall Street drifts as Target tumbles
1 month ago

Wall Street drifts as Target tumbles

LA Times  

The Standard & Poor’s 500 index finished Wednesday virtually unchanged after erasing a loss of 1% from the morning. Target’s performance stood in stark contrast to rival Walmart, which reported another quarter of stellar sales Tuesday and released optimistic projections for the holiday season. It’s grown so fast, with its stock nearly tripling for the year through Tuesday, that pressure …

Wall Street rises following last week’s slide
1 month, 1 week ago

Wall Street rises following last week’s slide

LA Times  

The Standard & Poor’s 500 index rose 0.4% for its first gain in three sessions. Stocks of banks, smaller companies and other areas of the market seen as the biggest winners from Trump’s preference for lower tax rates, higher tariffs and lighter regulation did particularly well. That could tie the Federal Reserve’s hands, when the central bank is trying to …

Wall Street today: S&P 500 falls toward worst loss since Election Day dragged by vaccine makers
1 month, 1 week ago

Wall Street today: S&P 500 falls toward worst loss since Election Day dragged by vaccine makers

Live Mint  

Wall Street today: US stocks are falling Friday toward their worst loss since Election Day as the big bump Wall Street got from last week's victory for Donald Trump and cut to interest rates by the US Federal Reserve keeps fading. The S&P 500 sank 1.1 per cent and was heading for a losing week and its worst day since …

Stock market today: Wall Street weakens as its post-election boom slows some more
1 month, 1 week ago

Stock market today: Wall Street weakens as its post-election boom slows some more

Associated Press  

NEW YORK — U.S. stocks slipped Thursday as the market’s big burst following Donald Trump’s election continued to cool. Cisco Systems’ 2.1% drop weighed on the market, even though the tech giant reported stronger profit for the latest quarter than analysts expected. It’s a turnaround from the election’s immediate aftermath, when the thought was that an “America First” president would …

Wall Street weakens as its post-election boom slows some more
1 month, 1 week ago

Wall Street weakens as its post-election boom slows some more

LA Times  

The Standard & Poor’s 500 index fell 0.6%, though it’s still near its all-time high set Monday. Cisco Systems’ drop of 2.1% weighed on the market, even though the tech giant reported stronger profit for the latest quarter than analysts expected. It’s a turnaround from the election’s immediate aftermath, when the thought was that an “America first” president would benefit …

How major US stock indexes fared Monday, 11/11/2024
Trending News
1 month, 1 week ago

How major US stock indexes fared Monday, 11/11/2024

Associated Press  

Most U.S. stocks rose on Wall Street, but drops for Nvidia and some other heavyweight Big Tech companies kept indexes in check. The S&P 500 added 0.1% Monday, coming off last week’s spurt spurred by Donald Trump’s presidential victory and the Federal Reserve’s cut to interest rates. The Dow Jones Industrial Average jumped 0.7%, and the Nasdaq composite edged up …

Dow Jones Industrial Average notches record high close
1 month, 1 week ago

Dow Jones Industrial Average notches record high close

Live Mint  

* Tesla surges beyond $1 trillion market value * Crypto stocks gain as bitcoin rallies By Lisa Pauline Mattackal and Noel Randewich Nov 11 - The Dow Jones Industrial Average notched a record high close on Monday, lifted by bank stocks that benefited from optimism about Republican President-elect Donald Trump's expected fiscal policies. "It's been a wild four days since …

Wall Street continues to roll higher in wake of Trump victory
1 month, 2 weeks ago

Wall Street continues to roll higher in wake of Trump victory

LA Times  

U.S. stocks rose Monday, led by those seen as benefiting the most from Donald Trump’s election as president, but drops for some high-profile Big Tech stocks kept indexes in check. Several pieces of what’s known as the “Trump trade” also helped drive the market, as investors try to identify which companies will be winners under a second Trump term. Stocks …

Wall Street week ahead: Investors to closely watch inflation, retail sales data
1 month, 2 weeks ago

Wall Street week ahead: Investors to closely watch inflation, retail sales data

Live Mint  

In past few days, Wall Street witnessed stock indices climbing to records after Republican candidate and former president Donald Trump resoundingly won the US election against Vice President Kamala Harris. Among the economic data, investors will closely watch consumer inflation and retail sales numbers next week. On November 15, separate reports on Empire State manufacturing survey for November, US retail …

Wall Street on track to log best week in one year after Trump’s poll win; S&P 500, Dow in green after US Fed rate cut
1 month, 2 weeks ago

Wall Street on track to log best week in one year after Trump’s poll win; S&P 500, Dow in green after US Fed rate cut

Live Mint  

Wall Street today: US stocks are on track to close their best week in a year with some modest moves on Friday, November 8, after Republican Donald Trump won the US presidential elections 2024 and the US Federal Reserve cut interest rates again by 24 basis points in its latest monetary policy decision. Shares of digital pinboard and shopping site …

US Stock Market Soars on Election Day as Voters Head to Polls
1 month, 2 weeks ago

US Stock Market Soars on Election Day as Voters Head to Polls

Hindustan Times  

US stock market is ticking higher on Election Day as voters head to polls. The S&P 500 is up 0.4%, the Dow Jones Industrial Average is up 0.2%, and the Nasdaq composite is up 0.6%. The election is the main event, even if the result may not be known for days, weeks or months as officials count all the votes.

Wall Street rallies on election day as economy remains solid
1 month, 2 weeks ago

Wall Street rallies on election day as economy remains solid

LA Times  

Traders work on the floor of the New York Stock Exchange on Tuesday. U.S. stocks rallied Tuesday as voters headed to the polls on the last day of the presidential election and as more data piled up showing the economy remains solid. The S&P 500 ended up rising 69.6% from election day 2020 through Monday, following President Biden’s win. In …

US Stock Market Surges, Oil Prices Climb, and Treasury Yields Dip
Trending News
1 month, 2 weeks ago

US Stock Market Surges, Oil Prices Climb, and Treasury Yields Dip

Associated Press  

US stock markets enjoyed a mixed performance on Monday, with the S&P 500 and Dow Jones Industrial Average showing slight losses, while the Nasdaq composite lost ground. Oil prices climbed, while Treasury yields dropped. The Chinese government's decision on stimulus for the world's second-largest economy is expected to be a major factor to watch for investors.

Wall Street closes mostly lower and ends a 6-week winning streak
2 months ago

Wall Street closes mostly lower and ends a 6-week winning streak

LA Times  

U.S. stock indexes gave up early gains and drifted to a mixed finish Friday, helping give the market its first losing week since early September. The latest round of corporate profit reports could give Wall Street a better sense of whether the high stock prices are justified. Capital One Financial rose 5.2% after beating Wall Street’s third-quarter financial forecasts. Economists …

Wall Street finishes mixed after Tesla soars and IBM slumps
2 months ago

Wall Street finishes mixed after Tesla soars and IBM slumps

LA Times  

The Fearless Girl statue, with a flower draped on the shoulder, stands outside the New York Stock Exchange on Oct. 23, 2024. Wall Street drifted to a mixed finish Thursday after Tesla surged to one of the best days in its history while IBM slumped to its worst in six months. An optimistic Chief Executive Elon Musk also predicted 20% …

Wall Street slumps to a rare three-day losing streak
2 months ago

Wall Street slumps to a rare three-day losing streak

LA Times  

U.S. stocks fell Wednesday as more steam came out of Wall Street’s huge, record-breaking rally. The Dow Jones industrial average dropped 409 points, or 1%, while the Nasdaq composite tumbled 1.6%; Nvidia and other major tech stocks were among the market’s heaviest weights. McDonald’s helped pull the market lower, dropping 5.1% after federal health officials linked its Quarter Pounder burgers …

Wall Street pulls back from its records
2 months ago

Wall Street pulls back from its records

LA Times  

People pass the New York Stock Exchange in New York’s Financial District on Oct. 16, 2024. U.S. stocks edged back from their all-time highs Monday as some of the steam came out of Wall Street’s long, record-breaking rally. Crude oil prices rose to regain some of last week’s sharp losses, while U.S. Treasury yields climbed and stock indexes mostly fell …

Tech Stocks Soar, Netflix Soars High, But Dow Jones Falls
2 months ago

Tech Stocks Soar, Netflix Soars High, But Dow Jones Falls

Live Mint  

Tech stocks lead the way, with the Nasdaq and S&P 500 gaining significant gains. Netflix's strong performance boosts its stock, while Apple and Nvidia show positive performance in the tech sector. American Express's quarterly profit is slightly lower than expected, while Intuitive Surgical's profit exceeds expectations. In the bond market, the 10-year Treasury yield falls slightly, while gold prices remain …

Wall Street rises as tech stocks and oil prices steady themselves
2 months, 1 week ago

Wall Street rises as tech stocks and oil prices steady themselves

LA Times  

The Standard & Poor’s 500 gained 0.5% to recover much of the slide from its all-time high the day before. U.S. stocks rose Wednesday following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies. The Standard & Poor’s 500 index gained 0.5% to recover much of the slide from its all-time high the day before because of …

Wall Street falls from its records as oil prices tumble and tech stocks drop
2 months, 1 week ago

Wall Street falls from its records as oil prices tumble and tech stocks drop

LA Times  

The Standard & Poor’s 500 index fell 0.8%, a day after setting an all-time high for the 46th time this year. Exxon Mobil dropped 3%, and energy stocks fell to some of Wall Street’s sharpest losses after oil prices tumbled more than 4%. Chief Executive Christophe Fouquet said AI continues to offer strong upside potential, but “other market segments are …

Dow sets a record as Wall Street drifts to the finish of another winning week
2 months, 4 weeks ago

Dow sets a record as Wall Street drifts to the finish of another winning week

LA Times  

U.S. stocks closed another record-setting week with a muted performance Friday, as hope built on Wall Street that the U.S. economy can manage the rare feat of suppressing high inflation without causing a recession. U.S. employers have slowed their hiring, and the inflation report on Friday also showed that growth in U.S. consumer spending in August fell shy of economists’ …

Wall Street closes its record-setting week mixed as FedEx slumps and Nike jumps
3 months ago

Wall Street closes its record-setting week mixed as FedEx slumps and Nike jumps

LA Times  

A record-setting week for Wall Street closed on a quieter note Friday, as U.S. stocks drifted around the highs they hit during a worldwide rally the day before. The cut closed the door on a run in which the Fed kept its main interest rate at a two-decade high in hopes of slowing the U.S. economy enough to stamp out …

Most of Wall Street slips as S&P 500 stays on track for worst week since April
3 months, 2 weeks ago

Most of Wall Street slips as S&P 500 stays on track for worst week since April

LA Times  

The Standard & Poor’s 500 slipped 0.3% for a third straight drop, and the Dow lost 0.5%. Most U.S. stocks fell Thursday after a mixed round of data on the economy, keeping them on track for their worst week since April. The Standard & Poor’s 500 slipped 0.3% for a third straight drop, and the Dow Jones industrial average lost …

Wall Street tumbles on worries about the economy; Dow drops more than 600 points
3 months, 3 weeks ago

Wall Street tumbles on worries about the economy; Dow drops more than 600 points

LA Times  

U.S. stocks tumbled Tuesday to their worst day since an early August sell-off, as a week full of updates on the economy got off to a discouragingly weak start. Stocks of oil and gas companies were some of the market’s biggest losers after the price of crude oil fell roughly 4% on concerns about how much fuel a fragile global …

Stock market today: Wall Street rallies near its record heights as ‘time has come’ for cuts to rates
4 months ago

Stock market today: Wall Street rallies near its record heights as ‘time has come’ for cuts to rates

Associated Press  

NEW YORK — U.S. stocks rallied close to their records Friday after the head of the Federal Reserve finally said out loud what Wall Street has been expecting for a while: Cuts to interest rates are coming soon to help the economy. The S&P 500 rose 1.1% after Fed Chair Jerome Powell said in a highly anticipated speech that the …

Wall Street soars close to its record heights as ‘time has come’ for interest rate cuts
4 months ago

Wall Street soars close to its record heights as ‘time has come’ for interest rate cuts

LA Times  

The Standard & Poor’s 500 rose 1.1% after Fed Chair Jerome H. Powell said that the time has come to lower the central bank’s main interest rate from a two-decade high. The Standard & Poor’s 500 rose 1.1% after Fed Chair Jerome H. Powell said in a highly anticipated speech that the time has come to lower the central bank’s …

Stock market today: Wall Street pulls closer to records after retailers top profit forecasts
4 months ago

Stock market today: Wall Street pulls closer to records after retailers top profit forecasts

Associated Press  

NEW YORK — U.S. stocks ticked higher Wednesday after more big companies delivered profit reports that topped analysts’ expectations. The hope is he’ll offer clues about how deeply and quickly the Fed will begin cutting interest rates next month after it jacked them to a two-decade high to beat inflation. Most Federal Reserve officials agreed last month that they would …

How major US stock indexes fared Thursday, 8/15/2024
4 months, 1 week ago

How major US stock indexes fared Thursday, 8/15/2024

Associated Press  

Wall Street rallied closer to its record highs following signs that the U.S. economy is holding up better than expected. The Dow Jones Industrial Average jumped 1.4%, and the Nasdaq composite added 2.3%. On Thursday: The S&P 500 rose 88.01 points, or 1.6%, to 5,543.22. The Dow Jones Industrial Average rose 554.67 points, or 1.4%, to 40,563.06. The Russell 2000 …

Stock market today: Wall Street leaps, and S&P 500 rallies 1.6% as US shoppers drive the economy
4 months, 1 week ago

Stock market today: Wall Street leaps, and S&P 500 rallies 1.6% as US shoppers drive the economy

Associated Press  

NEW YORK — Wall Street rallied to one of its best days of the year Thursday after data showed the U.S. economy is holding up better than expected, with particular credit going to the country’s shoppers. But good news for the economy is once again good news for Wall Street, particularly after a report showed U.S. employers pulled back on …

Wall Street rallies to one of its best days of the year after inflation report
4 months, 1 week ago

Wall Street rallies to one of its best days of the year after inflation report

LA Times  

The Standard & Poor’s 500 jumped 1.7% after the government reported that inflation at the wholesale level slowed last month by more than economists expected. The Standard & Poor’s 500 jumped 1.7% for its third-best day of 2024 after the U.S. government reported inflation at the wholesale level slowed last month by more than economists expected. Treasury yields eased in …

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