NEW YORK (AP) — U.S. stocks tumbled Thursday after a Federal Reserve official raised the possibility of delivering none of the cuts to interest rates this year that Wall Street has been banking on, if inflation worsens. The S&P 500 dropped 1.2% for its worst day in seven weeks. Earlier in the day, a gain … Read more
Wall Street pointed to a modestly higher open Thursday ahead of fresh data on the jobs market that could impact the Federal Reserve’s next decision on interest rates. Futures for the Dow Jones industrials rose 0.2% before the bell, while S&P 500 futures rose 0.3%. The U.S. releases its weekly jobs report Thursday and on … Read more
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
Canada, a country that’s relying heavily on immigration as an economic driver, is scaling back on its ambitions with a planned reduction in temporary residents after the influx exacerbated housing shortages. The country will set a target for temporary resident arrivals for the first time later this year, with the goal of reducing the number … Read more
NEW YORK (AP) — U.S. stocks slipped Thursday after a mixed batch of economic data seemed to drive the final nail into hopes that easier interest rates may arrive very soon. The S&P 500 fell 14.83 points, or 0.3%, to 5,150.48, though it’s still close to its all-time high set Tuesday. The Dow Jones Industrial … Read more
NEW YORK — U.S. stocks slipped Thursday after a mixed batch of economic data seemed to drive the final nail into hopes that easier interest rates may arrive very soon. The S&P 500 fell 14.83 points, or 0.3%, to 5,150.48, though it’s still close to its all-time high set Tuesday. The Dow Jones Industrial Average … Read more
NEW YORK (AP) — Stocks slipped away from their records following a mixed batch of economic reports. The S&P 500 fell 0.3% Thursday after giving up an earlier, modest gain. The Dow Jones Industrial Average lost 0.4%, and the Nasdaq composite fell 0.3%. Treasury yields rose following the latest in a string of data showing … Read more
Stock Market Today: Dow, S&P Live Updates for March 7 Bloomberg Source link
The pulse of US inflation likely continued to slow at the start of the year, helping to feed expectations that the Federal Reserve will find interest-rate cuts more palatable in the coming months. The core consumer price index, a measure that excludes food and fuel for a better picture of underlying inflation, is seen increasing … Read more
Stock market today: Wall Street holds near record levels, with S&P 500 on precipice of 5000 Index-Journal Source link