My top 10 things to watch Wednesday, June 12 Stocks jumped after the May consumer price index came in cooler than Wall Street expected. Bonds yields fell after CPI, with the yield on the Fed-sensitive 2-year Treasury reaching its lowest level since April 5. The Dow , the S & …
People walk past a Sweetgreen restaurant in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty Images With higher prices and elevated interest rates stubbornly sticking around, Chipotle burrito bowls and European vacations are still on the table for many consumers. But Big Macs and kitchen …
The ideal fix for a market that’s traveled too far, too fast, is for it so slow down and back up a bit. This, by most appearances, is the story of the past six weeks on Wall Street. The five-month, 28% sprint from the October correction low to the record …
As investors say farewell to a week marked by a Federal Reserve meeting, surprise labor market data and the latest corporate earnings, they’re left trying to figure out what it all means for a stock market that’s still deciding where it wants to go. All three of the major market …
My top 10 things to watch Thursday, May 2 The S & P 500 and Nasdaq are higher Thursday, one day after they surrendered their post-Federal Reserve meeting gains and closed modestly lower. After leaving interest rates unchanged, Fed chief Jerome Powell essentially ruled out a hike as central bankers’ …
US Federal Reserve Board Chairman Jerome Powell arrives to testify at a House Financial Services Committee hearing on the “Federal Reserve’s Semi-Annual Monetary Policy Report,” on Capitol Hill in Washington, DC, March 6, 2024. Mandel Ngan | Afp | Getty Images With the economy humming along and the stock market, …
From relentless rally to persistent pullback, five straight winning months without a 2% decline were then followed by three straight down weeks, featuring a rare six-day S & P 500 losing streak and five successive sessions last week of failed intraday rallies. As with all market retrenchments from a record …
Dow closes higher Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The Dow finished Tuesday higher, snapping a six-day losing streak. The blue-chip index ended 0.2% up, its first positive session of the last seven. The S&P 500 and Nasdaq Composite closed 0.2% …
U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida on Wednesday unveiled plans for military cooperation and projects ranging from missiles to moon landings, strengthening their alliance with an eye on countering China and Russia. Mandel Ngan | AFP | Getty Images U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida on Wednesday …
What does high March inflation mean for the Fed and the economy? – CBS News Watch CBS News The annual inflation rate hit 3.5% in March, the highest since September. Martin Baccardax, senior editor and chief markets correspondent at “TheStreet,” joins CBS News to examine what’s behind the increase and …