(Reuters) – U.S. stock index futures inched up on Friday, steadying after sharp declines earlier this week, as investors shifted their focus to a key inflation figure that could influence expectations regarding the Federal Reserve’s monetary policy trajectory. At 5:25 a.m. ET, Dow E-minis were up 124 points, or 0.29%, S&P 500 E-minis were up…
(Bloomberg) — Asian equities were primed for muted moves Thursday as investors grappled with new details on tariffs from US President Donald Trump and robust earnings from Nvidia Corp. Most Read from Bloomberg Shares in Australia opened slightly higher while futures for Japanese and Hong Kong equity benchmarks edged lower. Contracts for the S&P 500…
HanesBrands board of directors has started the process of finding a new CEO (chief executive) and has engaged the services of consultancy Spencer Stuart to assist in identifying suitable candidates for the role. The upcoming CEO transition comes as the company’s quarterly and annual performance outpaced projected key indicators, signalling the effective implementation of its…
Stocks Rise After Another Hot Inflation Reading The Dow rose 123 points, or 0.3% while the S&P 500 and the Nasdaq Composite were up 0.2% and 0.4%, respectively. The “cool increases in healthcare services point to a better core PCE read for the month,” wrote Bill Adams, chief economist for Comerica Bank. The 10-year yield…
New data from the Bureau of Labor Statistics out Wednesday showed that a key inflation metric eased for the first time since July. On a “core” basis, which strips out the more volatile costs of food and gas, the December Consumer Price Index (CPI) climbed 0.2% over the prior month, a deceleration from November’s 0.3%…
Wall Street closed mixed on Tuesday, driven by utilities and financial stocks. While producer-side inflation released on the day boosted morale, investors currently await consumer inflation numbers eagerly. Two of the three most widely followed indexes closed the session in the green, while one ended in the red. The Dow Jones Industrial Average (DJI) rose…
New data from the Bureau of Labor Statistics out Wednesday showed that a key inflation metric eased for the first time since July. On a “core” basis, which strips out the more volatile costs of food and gas, the December Consumer Price Index (CPI) climbed 0.2% over the prior month, a deceleration from November’s 0.3%…
Hong Kong’s six biggest lenders lowered their prime lending rates for a third time this year, trimming borrowing costs to the lowest level in more than two years. HSBC and subsidiary Hang Seng Bank said they would trim their prime rate by 12.5 basis points to 5.25 per cent from Friday, the lowest since August…
A trader works on the floor of the New York Stock Exchange on Dec. 12. – Photo: Liu Yanan/Xinhua (Getty Images) The Dow Jones Industrial Average fell almost 250 points on Tuesday in what could be its longest losing streak since the 1970s. The index was down 244 points in midday trading, falling 0.56% to…
By Lewis Krauskopf NEW YORK (Reuters) – A banner year for U.S. stocks gets one of its last big tests with the coming week’s Federal Reserve meeting, as investors await the central bank’s guidance on interest rate cuts. The Nasdaq Composite index breached 20,000 for the first time ever in the past week, another milestone…