WASHINGTON (AP) — Consumer inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price surge is only gradually and fitfully coming under control. Tuesday’s report from the Labor Department showed that the consumer price index rose 0.3% from December to January, up from a 0.2% increase … Read more
NEW YORK (AP) — Wall Street is rolling even further into record-setting heights on Monday. The S&P 500 was up 0.4% in afternoon trading after closing Friday above the 5,000 level for the first time, its latest milestone in a run that began in October. The Nasdaq composite, meanwhile, was 0.4% higher and threatening to … Read more
NEW YORK (AP) — U.S. stocks are hanging near their record heights Friday as Wall Street heads toward the close of its 12th winning week in the last 13. The S&P 500 was virtually unchanged in early trading after setting a record high for five straight days. The Dow Jones Industrial Average was up 52 … Read more
WASHINGTON (AP) — The nation’s economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households. Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output … Read more
NEW YORK (AP) — Strong gains for Netflix and some influential technology stocks are pulling Wall Street a bit higher on Wednesday, even though most stocks are weakening. The S&P 500 was 0.3% higher in late trading and on track to set a record for a fourth straight day. The jump for tech stocks had … Read more
NEW YORK (AP) — Wall Street is rising again Monday to build on its all-time high reached last week. The S&P 500 was 0.5% higher in early trading. The Dow Jones Industrial Average was up 178 points, or 0.5%, as of 9:40 a.m. Eastern time, and the Nasdaq composite was 0.6% higher. Macy’s climbed 2.1% … Read more
NEW YORK (AP) — Wall Street drifted through mixed trading on Friday to put a quiet end to another rocking week. The S&P 500 finished nearly unchanged for the day, down 0.36, or less than 0.1%, at 4,719.19. But it’s still hanging within 1.6% of its all-time high set early last year, and it closed … Read more
NEW YORK (AP) — Wall Street climbed back to its best level in 20 months on Friday following a stronger-than-expected report on the U.S. job market. The S&P 500 rose 0.4%, enough to clinch a sixth straight winning week for the index, which is its longest such streak in four years. Wall Street’s main measure … Read more
TOKYO (AP) — Asian shares declined Tuesday on heavy selling of property and technology shares. U.S. futures slipped and oil prices were little changed. Hong Kong’s Hang Seng dropped 2.4% to 16,238.79, while the Shanghai Composite lost 1.7% to 2,972.30 as worries flared over weakness in the Chinese economy. Japan’s benchmark Nikkei 225 slipped 1.4% … Read more
TOKYO (AP) — Asian shares surged higher on Wednesday, cheered by a rally on Wall Street that was one of the best days of the year following a surprisingly encouraging report on inflation. Tokyo’s benchmark Nikkei 225 rose 1.8% to 33,293.67 as investors appeared to shrug off news that Japan’s economy contracted at a worse … Read more