New York – Wall Street is quiet on Tuesday, and U.S. stock indexes are drifting in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. The S&P 500 was virtually unchanged, a day after pulling back from its latest all-time high. The Dow Jones…
The Nasdaq and the S&P 500 rose to record closing highs on Friday following upbeat forecasts from Lululemon Athletica and other companies and as U.S. jobs data fueled expectations the Federal Reserve would cut interest rates this month. The Dow finished lower, as a 5.1% drop in UnitedHealth Group UNH.N shares weighed on the index. The S&P 500 consumer discretionary index .SPLRCD…
Wall Street’s main indexes edged lower in choppy trading on Thursday after monthly producer prices rose as expected, with investors awaiting Fed Chair Jerome Powell’s comments later in the day for clues on the outlook for interest rates. The producer price index (PPI) for final demand rose 0.2% on a monthly basis in October, in line…
Nov 13 (Reuters) – Wall Street’s main indexes inched higher on Wednesday after in-line consumer price inflation data kept the U.S. Federal Reserve on track to deliver another interest rate cut in December. The consumer price index rose 0.2% in October for the fourth straight month, the Labor Department’s Bureau of Labor Statistics said, and advanced 2.6% on an…
New York – U.S. stocks are drifting near their records Wednesday after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates. The S&P 500 rose 0.3% in afternoon trading, coming off its first loss since before Election Day last week. The Dow…
One of the Valley’s millionaire restaurant entrepreneurs is accused of defrauding investors out of millions for personal gain, including using funds for a home, out-of-state real estate and an $8 million private airplane. Aaron Wagner, a part-time Scottsdale resident planning to open restaurants in Gilbert and Scottsdale, was arrested by FBI agents on Oct. 24…
As Donald Trump emerged victorious in the presidential election Wednesday, stock prices soared. As the stock market rose, the bond market fell. Stocks roared to record highs Wednesday in the wake of news of Trump’s triumph, signaling an end to the uncertainty of the election cycle and, perhaps, a vote of confidence in his plans…
The U.S. stock market experienced a setback at the end of October, breaking a five-month winning streak as election uncertainties and mixed tech earnings dampen risk sentiment. A key measure of market turbulence, the CBOE Volatility Index, or VIX, surged by 34% last month, marking the third-largest increase for an October in an election year….
New York – U.S. stocks are drifting around their all-time highs Monday, as momentum for Wall Street’s record-breaking rally cools a bit. The S&P 500 was virtually unchanged in morning trading, coming off its sixth straight winning week, its longest such streak of the year. The Dow Jones Industrial Average was edging back by 106…
New York – U.S. stocks are holding steadier Wednesday following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies. The S&P 500 was 0.2% higher in morning trading, a day after sliding from its all-time high because of tumbling energy and technology stocks. The Dow Jones Industrial Average was up 165 points,…