I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at Rich Miller’s reporting on migration and job growth. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. How come … Read more
Stocks dropped after solid economic readings and a rally in commodities spurred speculation that major central banks will keep interest rates higher for longer. In a revival of the “good news is bad news” trade, better-than-estimated data on US job openingsBloomberg Terminal and factory goods ordersBloomberg Terminal added to skepticism about the pace of Federal … Read more
Stock Market Today: Dow, S&P Live Updates for April 1 Bloomberg Source link
A key measure of underlying US inflation favored by the Federal Reserve cooled last month, and consumer spending rebounded sharply. Earlier in the week, the collapse of a major bridge in Baltimore will cause weeks or months of transportation disruptions in the Mid-Atlantic region and accelerate a shift of cargo to the US West Coast. … Read more
US stock indices rose slightly on Thursday in thin trading ahead of Easter break. At 10:03 a.m. ET, the Dow Jones Industrial Average was up 25.28 points, or 0.06 per cent, at 39,785.36, the S&P 500 was up 6.02 points, or 0.11 per cent, at 5,254.51, and the Nasdaq Composite was up 10.75 points, or … Read more
US stocks surged on Wednesday ahead of an inflation data due this week. Investors are awaiting the US core personal consumption expenditure (PCE) price index data for February. The inflation data could offer clues about when the Federal Reserve will start cutting interest rates. As of 9:40 a.m. Eastern time, the Dow Jones Industrial Average … Read more
US stock indices edged higher on Tuesday as most megacap stocks and chipmakers jumped on optimism over three interest rate cuts this year. At 09:33 a.m. ET, the Dow Jones Industrial Average was up 70.78 points, or 0.18 per cent, at 39,384.42, the S&P 500 was up 15.22 points, or 0.29 per cent, at 5,233.41, … Read more
Stock Market Today: Dow, S&P Live Updates for March 26 Bloomberg Source link
The rally in stocks lost traction Friday, with the market still notching its best week in 2024 amid speculation the Federal Reserve will be able to cut interest rates as soon as June. US equities wavered after a record-breaking run that drove the S&P 500 up about 10% this year. In an almost broad-based weekly … Read more
US stock markets advanced on Thursday, led by Nasdaq as chip stocks rallied. The market was buoyed by the expectations of three rate cuts in the year ahead. At 09:46 a.m. ET, the Dow Jones Industrial Average was up 225.19 points, or 0.57 per cent, at 39,737.32, the S&P 500 was up 30.41 points, or … Read more