Tag Archives: Stocks

A hotter-than-expected February inflation print was largely driven by two components: shelter and gas. The shelter index rose 5.7% on an unadjusted annual basis and 0.4% month over month, a deceleration from January’s 6% annual increase and 0.6% monthly rise. Sticky shelter inflation is largely to blame for higher core inflation readings, according to economists. The index for rent and owners’ equivalent rent (OER) rose 0.5% and 0.4% on a monthly basis, respectively. Owners’ equivalent rent is… Source link

Stocks lost momentum and turned downward during afternoon trading on Friday, as investors pulled back some after a powerful rally that led by big tech names. The February jobs report also 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) trended near the flatline after logging another record close on Thursday, while the Dow Jones Industrial Average (^DJI) increased by close to 0.3%…. Source link

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

[unable to retrieve full-text content]Stock market today: Stocks rebound as Powell sticks to script on rate cuts  Yahoo Finance Source link

US stocks popped on Wednesday, with techs vaulting back from a steep sell-off as investors digested Federal Reserve Chair Jerome Powell’s stance that interest rate cuts are still likely this year. The tech-heavy Nasdaq Composite (^IXIC) jumped about 0.8% after techs led a sharp slide in stocks more broadly on Tuesday. The S&P 500 (^GSPC) also added 0.8%, while the Dow Jones Industrial Average (^DJI) popped 0.6%, as both indexes came off losses of more than 1%. Powell’s testimony to Congress… Source link

US stocks opened higher on Wednesday, with techs vaulting back from a steep sell-off as investors digested Federal Reserve Chair Jerome Powell’s stance that interest rate cuts are still likely this year. The tech-heavy Nasdaq Composite (^IXIC) jumped about 1% after techs led a sharp slide in stocks more broadly on Tuesday. The S&P 500 (^GSPC) added more than 0.6%, while the Dow Jones Industrial Average (^DJI) popped 0.5%, as both indexes came off losses of more than 1%. Powell’s testimony to… Source link

(Bloomberg) — Stocks came under pressure as a trio of tech heavyweights fell, with traders wading through mixed economic data in the run-up to Jerome Powell’s testimony to Congress. Most Read from Bloomberg Equities lost traction after a rally that has spurred concern about sky-high valuations — especially in megacaps, leaving the group vulnerable to big moves in the face of bad news. Apple Inc.’s iPhone woes in China deepened while Advanced Micro Devices Inc. hit a US roadblock in… Source link

Dell Technologies (DELL) shares are catapulted higher ahead of Friday’s session close, seeing upward gains of 30%. Dell outpaced fourth-quarter earnings estimates in the top and bottom lines, as reported on Thursday. Yahoo Finance Live monitors the upward momentum seen by chip stocks reacting to Dell’s positive guidance around AI, including Advanced Micro Devices (AMD) and NetApp (NTAP). For more expert insight and the latest market action, click here to watch this full episode of Yahoo… Source link

[unable to retrieve full-text content]Stock market today: Stocks slip ahead of key inflation data, bitcoin soars past $60,000  Yahoo Finance Source link

[unable to retrieve full-text content]Stock market today: Stocks little changed following record-setting week  Yahoo Finance Source link