Tag Archives: Rise

Consumer prices rise more than forecast as inflation pressures persist

Consumer prices rise more than forecast as inflation pressures persist

Inflation pressures remained persistent in February as prices for shelter and gas rose, according to the latest data from the Bureau of Labor Statistics released Tuesday morning. The Consumer Price Index (CPI) rose 0.4% over the previous month and 3.2% over the prior year in February, slightly higher than January’s 0.3% month-over-month increase and 3.1% annual gain. Both measures roughly matched economist forecasts of a 0.4% month-over-month increase and a 3.1% annual increase, according to… Source link

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Stocks rise after February jobs report

Stocks rise after February jobs report

Stocks climbed on Friday after the February jobs report showed an uptick in the unemployment rate, bolstering investor confidence that the Federal Reserve will cut rates following its June meeting. The S&P 500 (^GSPC) rose 0.2% on the heels of another record close logged Thursday, while the Dow Jones Industrial Average (^DJI) was flat. The tech-heavy Nasdaq Composite (^IXIC) added 0.3% after a sharp gain the previous day. Friday’s non-farm payrolls report showed the US economy added 275,000… Source link

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Stocks rise as S&P 500 hits fresh record to kick off earnings-packed week

Stocks rise as S&P 500 hits fresh record to kick off earnings-packed week

US stocks edged higher Monday, with the S&P 500 notching another record close as investors braced for a busy week packed with Big Tech earnings updates, a Federal Reserve rate decision, and the crucial US jobs report. The Dow Jones Industrial Average (^DJI) drifted 0.6% higher, while the S&P 500 (^GSPC) rose 0.8% to build on last week’s wins for the indexes. The tech-heavy Nasdaq Composite (^IXIC) gained over 1%. With five of the “Magnificent Seven” tech companies set to report earnings, it Source link

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