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…
US stocks (^DJI, ^IXIC, ^GSPC) jumped in Thursday’s session, closing higher after President Trump announced intentions to delay reciprocal tariffs until April. Yahoo Finance senior markets reporter Josh Schafer joins Asking for a Trend to lay out the trading day’s biggest market themes, highlighting the hot inflation data from January’s Consumer Price Index (CPI) and…
Inflation accelerated in January, CPI report finds – CBS News Watch CBS News Inflation accelerated in January, rising 3% on an annual basis, indicating that the Federal Reserve’s push to drive inflation down to a 2% annual rate has stalled out, at least temporarily. Martin Baccardax joins to discuss. Be the first to know Get…
January’s Consumer Price Index rose over 3% for the first time since June 2024 and surpassing economists’ expectations.”This is a setback for consumers. It’s a setback for central bankers. It’s a setback for the economy,” says Mark Hamrick of Bankrate.com.Inflation also worsened month over month, with prices jumping 0.5% in January from December, the largest…
Stocks ended the first week of February little changed as investors digested corporate earnings from Big Tech companies, a hotter-than-expected January jobs report, and continuing updates on President Trump’s tariff policies. For the week, the S&P 500 (^GSPC) was roughly flat, while the Nasdaq Composite (^IXIC) and Dow Jones Industrial Average fell about 0.4%. In…
(Bloomberg) — China’s consumer inflation accelerated for the first time since August, caused by a burst of household spending around the Lunar New Year holiday even as deflationary pressures persist. Most Read from Bloomberg The consumer price index rose 0.5% in January from a year earlier, the National Bureau of Statistics said Sunday, compared with…
(Bloomberg) — US inflation showed scant signs of downward momentum at the start of the year, while healthy job growth undergirded the economy, backing the Federal Reserve’s stance to hold the line on interest rates for now. Most Read from Bloomberg Fed Chair Jerome Powell, who offers his semiannual testimony to lawmakers on Tuesday and…
U.S. stocks rallied on Friday, buoyed by a revival in the tech sector after a week of big data and earnings, and investors looked forward to policy changes under the incoming Trump administration. Nvidia (NVDA, Financial), Tesla (TSLA, Financial) and other companies helped the Dow Jones Industrial Average rise 1.1%, the S&P 500 up 1.2%…
Asian equities tracked Wall Street’s gains as cooling US core inflation kept alive the prospect of Federal Reserve easing this year. The yen jumped on Bank of Japan rate-hike expectations. Gauges in Australia, Hong Kong and South Korea all advanced, sending an index of Asian equities higher for a third day. The S&P 500 closed…
Since 2022, China’s economy has been haunted by a weak recovery. Real gross domestic product (GDP) growth has fallen below 5 per cent for two consecutive quarters this year, posing challenges for Beijing to achieve its annual growth target of around 5 per cent. The International Monetary Fund estimates that the proportion of China’s nominal…