Stocks dip after hottest July producer price growth since 2022
ETFs that track major US stock indexes, such as the , , and , slumped ahead of market open after July’s reading of the producer price index came in much hotter than anticipated. The PPI and core PPI (...
The stock market’s multiple might not be as high as it seems
Stocks notched a record closing high Tuesday, after a low-drama CPI report convinced the market the Fed will cut rates at its September meeting. That gain extended a remarkable roughly 30% run since ...
Stocks hit record high as July inflation data bolsters rate cut bets
Stocks shot to fresh intraday records Tuesday after in-line July inflation data fortified bets that the Federal Reserve would deliver its first interest rate cut of 2025 next month. The S&P 500 rose 1...
Bitcoin rises following CPI report
The July CPI inflation report came out largely in line with expectations, boosting most cryptos including , which jumped to over $119,000. Nasdaq-listed Chinese company , an AI-enabled software develo...
US stocks jump after in-line inflation data fortifies rate cut bets
US stocks dipped late on Monday as traders took some chips off the table ahead of today’s inflation data, but now, with no negative surprises in Tuesday morning’s July CPI report, risk is back on. Hea...
US stocks dip as traders take risk off the table ahead of inflation report
US stocks ended Monday near session lows as traders scaled back risk ahead of inflation data due out Tuesday morning. The S&P 500 fell 0.2%, the Nasdaq 100 gave back 0.4%, and the Russell 2000 decline...
Disappointing US economic data weighs on stocks
Bad economic news was bad news for stocks, which slumped to their lows of the day after the ISM Services Index came in at 50.1 in July, while economists had been looking for a reading of 51.5. Major i...
S&P 500 dips as Fed Chair warns on inflation risks
The S&P 500 fell into the red and never made it back to positive territory after Fed Chair Jay Powell warned of more tariff-induced pressure on inflation to come, causing traders to price in lower odd...
Stocks slump after Powell warns that we’re “early days” of tariff-driven inflation
The Federal Reserve kept rates unchanged at a range of 4.25% to 4.5%, as was nearly universally expected by economists. In the statement, monetary policymakers noted that US economic growth “moderated...
Stocks slip ahead of Fed decision and megacap tech earnings
Stocks opened at their highs of the day and spent the rest of the session in a slow grind lower, finishing near their lows. Markets briefly perked up when China said it had come to an agreement with t...
US stocks shake off Federal Reserve drama to end near session highs
A tumultuous session saw stocks fall into the red and hit session lows following reports that Fed Chair Jerome Powell would soon be fired by President Donald Trump , only for the president to deny tho...
Stocks and bonds whipsaw, US dollar sinks as Trump denies flurry of media reports he will fire Fed Chair Jerome Powell
The S&P 500 slumped to session lows, 30-year US Treasury yields jumped about 9 basis points to their highs of the day, and the US dollar nosedived after CBS News reported that President Trump indicate...
Solid jobs report helps US stocks end week on a high note
A solid June nonfarms payrolls report, with the unemployment rate unexpectedly dipping to 4.1% , was all US stocks needed to end the holiday-shortened week on a strong note. The S&P 500 rose 0.8% whil...
A surprisingly strong June jobs report puts recession calls and Fed cuts on ice, for now
Start your long weekend, go to the beach, fire up your barbecue: A surprisingly solid June nonfarm payrolls report suggests the US labor market isn’t doing nearly as bad as the grind higher in continu...
An early sign that tariff-driven inflation may not be the same as the postpandemic price surges
Everyone wants to know how much tariffs will boost inflation, and for how long. That’s the top-of-mind question for the Federal Reserve in deciding whether or not to deliver additional interest rate c...
Stocks go nowhere
The S&P 500 and Nasdaq 100 were little changed in a listless session ahead of the Juneteenth holiday. The Russell 2000 rose 0.5%. Markets gyrated following a Federal Reserve decision that left rates u...
Stocks little changed after Federal Reserve signals rate cuts to come as growth slows while inflation rises
US stocks stayed largely flat after the Federal Reserve kept rates in a range of 4.25% to 4.5%, as was universally expected, and cut its growth forecast while boosting the outlook for inflation. The c...
The Federal Reserve is staring at a US economy that has been softening more than economists feared
Ahead of this afternoon’s Fed decision, where the central bank is poised to keep rates unchanged at a range of 4.25% to 4.5% despite the protestations of President Donald Trump, let’s look at how US e...
Stocks push higher as inflation eases
Stocks continued to come back Thursday as Wall Street digested upbeat economic data and a few strong earnings results. May’s Producer Price Index rose just 0.1% for the month, softer than the 0.2% eco...
Market rebound stalls as investors weigh trade talks and cooler inflation numbers
US stocks closed lower Wednesday, ending the S&P 500’s three-day win streak as Wall Street sifted through a number of headlines. On the trade front, US-China negotiations resulted in a preliminary agr...