To get John Authers’ newsletter delivered directly to your inbox, sign up here. Tuesday’s core CPI print for February came in hotter than expected, yet the stock market wasn’t bothered. For much of 2023, the S&P 500 moved inversely to expected fed funds rates, with the index selling off while the Federal Reserve was expected … Read more
Stock Market Today: Dow, S&P Live Updates for March 13 Bloomberg Source link
The stock market managed to rebound after the latest inflation figures did little to alter bets the Federal Reserve will cut rates this year — even if it keeps a more cautious stance for now. Following a series of twists and turns, the S&P 500 pushed decidedly higher. Notwithstanding the fact that the consumer price … Read more
Wall Street traders found little encouragement to keep pushing the stock market higher at the start of a week that will bring the last key inflation figures before the Federal Reserve decision. Equities retreated on Monday, with investors awaiting more clues on whether the recent uptick in consumer prices was just a blip or a … Read more
Stock Market Today: Dow, S&P Live Updates for March 7 Bloomberg Source link
LONDON: US and European stock markets rose Wednesday and gold hit a record high as the Federal Reserve kept alive expectations of rate cuts later this year and the British government unveiled a pro-growth budget.In volatile trading, gold touched 2,150, well above its previous high of $2,141.79 as expectations of lower interests rates hurt the … Read more
The stock market lost steam near record highs as traders braced for a barrage of economic data and remarks from Federal Reserve speakers that will help shape the outlook for interest rates. Wall Street is also keeping a close eye on how the market will manage to absorb heavy Treasury and corporate sales amid month-end … Read more
Warren Buffett’s Berkshire Hathaway Inc. said its cash pile scaled a new record as the billionaire investor decried a lack of meaningful deals that would give the firm a shot at “eye-popping performance.” The firm’s cash hoard jumped to a record at $167.6 billion in the fourth quarter as the conglomerate struggled to find deals … Read more
Yet another bumper earnings readout from Nvidia Corp. may be all it takes to reignite Wall Street’s appetite for US stocks. A sign for a Nvidia building is shown in Santa Clara, California.(AP) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} JPMorgan Chase & Co.’s trading desk, led by Head of US Market Intelligence Andrew Tyler, said in a … Read more
For months now, the historically reliable Conference Board’s leading economic index has signaled a recession ahead for the U.S. economy but it has not materialized. In December, slightly more than half the indicators were positive, although the overall index fell 0.1% following a 0.3% in the prior month. On Tuesday, markets and economists will get … Read more