Producer price index data out Tuesday showed that inflation ran hotter in April, but downward revisions to earlier data assuaged concerns. Meanwhile, health care prices, the biggest input to the Federal Reserve’s primary core inflation rate, moderated a bit. After the PPI data, S&P 500 futures were little changed ahead of Wednesday’s key consumer price […]
(Bloomberg) — From JPMorgan Chase & Co. to Citigroup Inc., Wall Street’s most prominent trading desks are warning that investors should gear up for a potential break in the calm that’s come over the market. Most Read from Bloomberg The options market is betting that the S&P 500 Index will move 1% in either direction […]
Bitcoin and major alternative cryptocurrencies (altcoins) trade weak ahead of the pivotal U.S. CPI release. One observer said the pullback could soon run out of steam as selling pressure from wallets with a history of holding coins for the long term is weakening. Bitcoin {{BTC}} is on the defensive under $69,000, nursing a 2.5% drop […]
Dow Jones and other index futures reversed sharply lower Wednesday, as Wall Street reacted to a hotter-than-expected CPI inflation report. Meanwhile, Nvidia (NVDA) and Tesla (TSLA) sold off on the stock market today. X Dow Jones futures tumbled 1.2%, or 450 points, in morning action, while S&P 500 futures were down 1.3% vs. fair value. […]
Dow Jones futures tilted higher early Wednesday, along with S&P 500 futures and Nasdaq futures. The CPI inflation report looms Wednesday, Nvidia chipmaker Taiwan Semiconductor (TSM) posted strong Q1 sales on AI demand. Delta Air Lines (DAL) earnings topped, with its shares near a breakout. X The stock market rally generally edged higher Tuesday, with investors […]
Atlanta Fed president Raphael Bostic spoke to Yahoo Finance’s Jennifer Schonberger on Tuesday — just ahead of critical CPI inflation data. The central bank leader said a CPI print that comes in line with consensus estimates would be a “welcome development” in the Fed’s fight toward 2% inflation. Still, he expects “some bumpiness,” noting he […]
US stocks turned lower on Tuesday as investors bide their time until a key inflation report lands and potentially sheds light on the path of interest rates. By mid-morning trading, all three major indexes reversed earlier session gains. The Dow Jones Industrial Average (^DJI) led the move to the downside, falling about 0.7%, or more […]
The Dow Jones Industrial Average turned lower, while other major stock indexes rose Tuesday as investors tried to find some market momentum. Meanwhile, Google stock rallied on the stock market today after the company announced a new artificial intelligence chip. X The Dow Jones Industrial Average fell 0.2% in morning action, while the S&P 500 […]
US stocks edged higher on Tuesday as investors bided their time until a key inflation report lands and potentially sheds light on the path of interest rates. The benchmark S&P 500 (^GSPC) climbed about 0.4% while the tech-heavy Nasdaq Composite (IXIC) jumped roughly 0.5%. The Dow Jones Industrial Average (^DJI) added about 0.1%, or roughly […]
Inflation Bond ETFs hit their lowest levels of the year last week as strong economic data caused traders to pare back their expectations for Fed rate cuts. More volatility could be in store this week, with the release of the latest inflation data—the Consumer Price Index for March— on Wednesday. The Bureau of Labor Statistics […]
US stocks were stuck in a holding pattern on Tuesday as investors bided their time until a key inflation report lands and potentially sheds light on the path of interest rates. Futures tied to the Dow Jones Industrial Average (^DJI), the S&P 500 (^GSPC), and the tech-heavy Nasdaq 100 (^NDX) were all trading just below […]
(Bloomberg) — There’s one hope left for bond traders burned by this year’s selloff: a sign that the Federal Reserve is gaining the upper hand in its fight against inflation. Most Read from Bloomberg The surprisingly strong US economy has driven Treasury yields to the highest since late November as investors dial back bets on […]