US stocks rose on Friday, setting the Dow up for an eighth straight day of gains as investors waited for a parade of Fed speakers to test a growing confidence that a rate cut is on the way. The Dow Jones Industrial Average (^DJI) climbed roughly 0.2%, with the benchmark S&P 500 (^GSPC) gaining about […]
US stock futures rose on Friday, setting the Dow up for an eighth straight day of gains as investors waited for a parade of Fed speakers to test a growing confidence that a rate cut is on the way. Dow Jones Industrial Average (YM=F) futures put on roughly 0.3%, with S&P 500 (ES=F) futures also […]
(Reuters) – U.S. stock index futures edged higher on Monday, pointing to more gains on Wall Street, as traders priced in a higher chance of the Federal Reserve cutting interest rates this year. The benchmark S&P 500 and the blue-chip Dow closed at three-week highs on Friday after data showed U.S. job growth slowed more […]
US stocks surged on Friday, as upbeat earnings from Apple (AAPL) lifted spirits and a weaker-than-expected jobs report revived bets that the Federal Reserve could cut interest rates sooner than thought. The Dow Jones Industrial Average (^DJI) jumped 1.2%, or about 450 points, while the S&P 500 (^GSPC) rose 1.3%. The tech-heavy Nasdaq Composite (^IXIC) […]
(Bloomberg) — Federal Reserve officials are about to get further confirmation that progress against inflation has stalled, supporting what appears to be a shift in tone to keep interest rates higher for longer than previously anticipated. Most Read from Bloomberg Policymakers’ preferred inflation gauge — the personal consumption expenditures price index — probably stayed elevated […]
US stocks wobbled on Thursday after a cooler-than-expected reading on producer prices helped soothe investor worries stemmed by Wednesday’s surprise uptick in consumer prices. The Dow Jones Industrial Average (^DJI) traded below the flatline while the S&P 500 (^GSPC) was little changed, coming off a rout that saw the gauges drop about 1%. The tech-heavy […]
(Reuters) – U.S. stock index futures dipped on Thursday as Treasury yields remained elevated a day after a hot inflation reading triggered a bruising Wall Street sell-off, diminishing hopes of a June rate cut by the Federal Reserve. Wall Street sold off sharply in the last session after data showed U.S. consumer prices increased more […]
Economists are weighing in after US consumer prices came in hotter than expected in March. The general consensus? Don’t expect rate cuts anytime soon. “Today’s crucial CPI print has likely sealed the fate for the June FOMC meeting with a cut now very unlikely,” Seema Shah, chief global strategist at Principal Asset Management, said in […]
Spencer Platt/Getty Images The March CPI report represents a make-or-break moment for the timing of rate cuts this year. Inflation is expected to cool down in March following two firm CPI reports to start 2024. Here’s a preview of how markets could react to the March inflation data. All eyes are on the March consumer […]
(Bloomberg) — US consumer-price data in the coming week, arriving on the heels of surprisingly strong jobs numbers, is projected to show a glacial slowdown in underlying inflation that explains the Federal Reserve’s cautious approach to lowering interest rates. Most Read from Bloomberg The March core consumer price index, a measure of underlying inflation that […]
Drew Angerer/Getty Images; BI US stocks climbed on Thursday, a day after Fed Chair Powell calmed nerves about the prospect of delayed rate hikes. Investors are anticipating the March jobs report on Friday, which will provide more clarity around the expected pace of rate moves. Data showed jobless claims rose last week to the highest […]
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 9, 2020.Bryan R Smith US stocks traded mostly lower on Monday following the release of strong economic data. The ISM manufacturing index rose to 50.3 in March, representing the first monthly expansion since 2022. The data poured […]