The S&P 500 edged higher while the Nasdaq dipped after a volatile session on Tuesday as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the U.
The selloff in the S&P 500 could continue if the core CPI comes at 0.3% MoM, which would be above the expectations of 0.2% MoM. Check out the implications.
Wall Street on Friday erased all the gains made in the fledgling year, after a hotter-than-expected jobs report led to analysts and traders significantly dialing back their odds of further Federal Reserve rate cuts.
The stock market's stiffest headwind, a surge in Treasury bond yields, was blown aside Wednesday by a surprisingly benign inflation report, which could rekindle bets on multiple Federal Reserve rate cuts before year-end.
The S&P 500 closed nearly unchanged while the Nasdaq dipped after a volatile session on Tuesday as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the U.
The U.S. stock market broadened its rally this week, with all S&P 500 sectors booking weekly gains, as investors appeared relieved by interest rates in the bond market reversing some of their recent startling climb.
Producer price data signals softer inflation, lifting Dow. Nasdaq, S&P 500 under pressure as Nvidia and Meta fall. CPI report looms for further insights.
Wall Street ended lower as stronger-than-expected jobs data diminished expectations for further interest rate cuts by the Federal Reserve. Last week, all three major indices — the Nasdaq Composite, the S&P 500 and the Dow Jones Industrial Average — decreased by 3.
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Stocks stalled their two-year bull run in late December after a year-long rally added around $18 trillion to the market value of the S&P 500. The stall had followed a hawkish Fed inflation outlook and uncertainty tied to the broader economic agenda of President-elect Donald Trump.
There's apparently a lot of anxiety surrounding Wednesday's CPI inflation report. Too hot and some fear benchmark Treasury yields could quickly approach the psychologically-significant 5% level and spark a further pullback in stocks.
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