Dow Rises While Nasdaq Falls Ahead of CPI Stocks wavered–while bond yields rose across the board definitively–ahead of tomorrow’s inflation report. The indexes started the day with losses, and wavered after Fed Chair Jerome Powell told Congress that interest rates remain in a “good place.” The big story was in the bond market, where the…
After the best two-year stretch for the S&P 500 (^GSPC) since the late 1990s, few on Wall Street are calling for an end to the bull market run, and this optimism serves as the key throughline in the fourth edition of Yahoo Finance’s Chartbook. The fourth volume of the Yahoo Finance Chartbook shows a clear…
STORY: Wall Street’s main indexes closed lower on Tuesday as investors awaited key inflation data that could influence the Federal Reserve’s decision on interest rates next week. The Dow, S&P 500 and Nasdaq all dropped between roughly one-third to one-quarter of a percentage point. The Consumer Price Index, due on Wednesday, is expected to show…
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund on Tuesday raised its 2024 economic growth forecasts for the U.S., Brazil and Britain but cut them for China, Japan and the euro zone, adding that risks abound from armed conflicts, potential new trade wars and the hangover from tight monetary policy. The IMF’s latest…
(Reuters) – BofA Global Research raised its forecast for the Federal Reserve’s anticipated interest rate cuts for the remainder of this year to 75 basis points, after the U.S. central bank kicked off a widely expected series of reductions on Wednesday. The Fed announced a larger-than-usual half-percentage-point reduction that Chair Jerome Powell said was meant…