US stocks jumped on Wednesday after consumer price data showed inflation continues to slow. Strong bank earnings also helped lift sentiment.
The stock market's stiffest headwind, a surge in Treasury bond yields, was blown aside Wednesday by a surprisingly benign inflation report, which could rekindle bets on multiple Federal Reserve rate cuts before year-end.
The S&P 500 edged higher while the Nasdaq dipped after a volatile session on Tuesday as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the U.
The dot-com bubble was a unique period that saw 1999 (a gain of 19.53%) just miss out on extending this historic streak of gains to five years. But in 2000, 2001, and 2002, the S&P 500 dropped by 10.14%, 13.04%, and 23.37%, respectively.
The stock market wrapped up its best week since early November as Wall Street breathed a sigh of relief in the wake of the latest inflation data. The Dow Jones Industrial Average gained 334 points, or 0.
The S&P 500 has given up almost all of its post-election gains, with renewed inflation fears crimping Wall Street optimism about President-elect Donald Trump's proposed tax cuts and deregulation. Strong economic data have dashed hopes for a slew of interest-rate cuts by the Federal Reserve,
S&P 500 futures are up 0.1%. Dow Jones Industrial Average futures are adding 0.1%. Nasdaq 100 futures are gaining 0.2%. On Tuesday, the Dow Jones Industrial Average rose 221 points, or 0.52%, to 42,518,
WITH inflation again becoming a point of concern for the US Federal Reserve, Julius Baer said investors should broaden out their portfolios beyond the magnificent seven tech stocks and consider sectors such as banking.
The postelection rally in stocks was officially wiped out on Monday. At intraday lows, the S&P 500 was about 0.2% below its Election Day close. Investors are growing skittish about spiking bond yields and the prospect of higher inflation.
After struggling for the past month, U.S. stocks got a boost this week as the latest inflation data rolled in. As a result, both the S&P 500 and Dow Jones Industrial Average were heading for their strongest advance since the week when President-elect Donald Trump won reelection.
The S&P 500 closed nearly unchanged while the Nasdaq dipped after a volatile session on Tuesday as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the U.
The stock market wrapped up its best week since early November as Wall Street breathed a sigh of relief in the wake of the latest inflation data. The Dow Jones Industrial Average gained 334 points, or 0.