Stocks drifted higher leading into the shortened trading week that includes the Thanksgiving holiday. The Dow Jones Industrial Average (^DJI) gained nearly 2% for the week while the S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) added over 1.5%. In the week ahead, a fresh reading on the Fed’s preferred inflation gauge, the Personal Consumption…
Costco shares are down slightly in premarket trading after disappointing same store sales numbers. … [+] (Photo by Joe Raedle/Getty Images) Getty Images Key Takeaways S&P 500 Hits Its 42nd High, Signaling Broad Market Strength With 80% Stocks Above Moving Averages China’s Stimulus Boosts Stocks, But Concerns Linger About Long-Term Effectiveness Of Government Intervention PCE…
US stock futures pointed toward gains on Friday as investors digested an inflation report seen as crucial to the Federal Reserve’s next decision on interest-rate cuts. S&P 500 futures (ES=F) were up 0.2%, on the heels of ekeing out a third record-high close this week. Dow Jones Industrial Average futures (YM=F) and those on the…