Tag: hover

Indexes hover at records ahead of big inflation report

US Federal Reserve Board Chairman Jerome Powell.Anna Moneymaker/Getty Images Stocks climbed higher, taking the S&P 500 near its all-time high. A downgrade revision in March’s producer price index helped curb inflation concerns. Fed Chairman Jerome Powell signaled that interest rates will have to remain higher for longer. The S&P 500 closed just under its all-time […]

Chipotle jumps on first ever stock-split as shares hover at record high

(Reuters) — Shares of Chipotle Mexican Grill surged in premarket trading on Wednesday after the burrito chain’s board approved a 50-for-1 stock split. Its shares rose roughly 6% to trade at around $2,950 before the bell. Shares of the California-based company have rallied to record levels over the past year, powered by strong earnings owing […]