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 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.
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.
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.
There's apparently a lot of anxiety surrounding Wednesday's CPI inflation report. Too hot and some fear benchmark Treasury yields could quickly approach the psychologically-significant 5% level and spark a further pullback in stocks.
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,
The choppy start to 2025 for the stock market has not been caused by any fundamentally negative economic news, and underlying trends remain favorable for equities, according to Solita Marcelli, chief investment officer for the Americas at UBS Global Wealth Management.
Investors were cheering the latest consumer-price index report, which that showed core inflation unexpectedly slowed in December, putting U.S. stocks on pace for their best CPI day in at least 14 months.