The S&P 500 edged higher while the Nasdaq dipped after a volatile session on Tuesday as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the U.
The selloff in the S&P 500 could continue if the core CPI comes at 0.3% MoM, which would be above the expectations of 0.2% MoM. Check out the implications.
Wall Street on Friday erased all the gains made in the fledgling year, after a hotter-than-expected jobs report led to analysts and traders significantly dialing back their odds of further Federal Reserve rate cuts.
The stock market's stiffest headwind, a surge in Treasury bond yields, was blown aside Wednesday by a surprisingly benign inflation report, which could rekindle bets on multiple Federal Reserve rate cuts before year-end.
The S&P 500 closed nearly unchanged while the Nasdaq dipped after a volatile session on Tuesday as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the U.
President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession.
The U.S. stock market broadened its rally this week, with all S&P 500 sectors booking weekly gains, as investors appeared relieved by interest rates in the bond market reversing some of their recent startling climb.
U.S. stocks are about to close out Joe Biden’s era on a high note as the president bids farewell to the White House. The 46th president of the United States is bringing his time at the White House to a close with the S&P 500 up around 54% since he took office on Jan.
The Dow was up 2.2% since Election Day, on track for its worst performance from Election Day to Inauguration Day since the start of Obama's first term. The S&P 500 was up 2.7% since Election Day, on track for its worst performance between an election and an inauguration since the start of Obama's first term.
NEW YORK (Reuters) - Investors will closely monitor stock markets on Tuesday, the day after Donald Trump is inaugurated for his second term in the White House, to see if U.S. equities can continue their recent trend of posting gains after a president is sworn in.
U.S. stocks remained sharply higher in Wednesday's afternoon trading in New York, with all three major indexes on course for their best CPI-release day since at least November 2023. The Dow Jones Industrial Average was up 617 points,
Stocks stalled their two-year bull run in late December after a year-long rally added around $18 trillion to the market value of the S&P 500. The stall had followed a hawkish Fed inflation outlook and uncertainty tied to the broader economic agenda of President-elect Donald Trump.