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
Traders work on the floor during morning trading at the New York Stock Exchange on March 6, 2024. Spencer Platt | Getty Images The U.S. Federal Reserve, meanwhile, is expected to begin cutting interest rates in June, potentially supplying a further boon to high-growth tech stocks. The sheer scale and narrow nature of the bull … Read more
Stock Market Today: Dow, S&P Live Updates for March 5 Bloomberg Source link
To get John Authers’ newsletter delivered directly to your inbox, sign up here. It’s still impossible to have any conversation about markets without being asked whether a bubble is already inflating. So let’s return to the topic, yet again. And to be clear about the terms, we’re not asking whether the market is too cheap, … Read more
The stock market powered ahead amid a renewed rally in technology companies, with traders also sifting through the latest remarks from a slew of Federal Reserve speakers for clues on the interest-rate path. The S&P 500 topped 5,100 — hitting its 15th record this year. Traders looked past weak economic data amid bets policymakers will … Read more
Stock Market Today: Dow, S&P Live Updates for February 28 Bloomberg Source link
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
Stocks struggled to gain much traction, with big tech losing steam after a powerful rally driven by the artificial-intelligence euphoria. A feat of multiple records in the world’s biggest equity market drove the S&P 500 briefly above the historic 5,100 mark. Most members of the “Magnificent Seven” group of megacaps came under pressure — with … Read more