US stocks jumped on Wednesday after consumer price data showed inflation continues to slow. Strong bank earnings also helped lift sentiment.
Key Takeaways The S&P 500 slid 0.2% on Thursday, Jan. 16, 2025, losing momentum after posting solid gains driven by earnings and inflation optimism in the previous session.UnitedHealth shares dropped as slumping revenue and increasing medical costs weighed on the health insurer's quarterly results.
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 stock market wrapped up its best week since early November as Wall Street breathed a sigh of relief in the wake of the latest inflation data. The Dow Jones Industrial Average gained 334 points, or 0.
U.S. stock futures were mostly rising Thursday after a surprise cooldown in a key inflation measure appeared to boost the chances that the Federal Reserve will cut interest rates at some point this year.
The Dow, S&P 500, and Nasdaq rose Friday on the last trading day of Joe Biden's presidency as the stock market braces for change under Donald Trump.
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S&P 500 futures are up 0.1%. Dow Jones Industrial Average futures are adding 0.1%. Nasdaq 100 futures are gaining 0.2%. On Tuesday, the Dow Jones Industrial Average rose 221 points, or 0.52%, to 42,518,
After struggling for the past month, U.S. stocks got a boost this week as the latest inflation data rolled in. As a result, both the S&P 500 and Dow Jones Industrial Average were heading for their strongest advance since the week when President-elect Donald Trump won reelection.
The S&P 500 has given up almost all of its post-election gains, with renewed inflation fears crimping Wall Street optimism about President-elect Donald Trump's proposed tax cuts and deregulation. Strong economic data have dashed hopes for a slew of interest-rate cuts by the Federal Reserve,
Options traders whipsawed by the stock market’s recent gyrations are getting anxious that more bouts of volatility may arrive in the coming days, starting with Wednesday’s report on consumer prices.Most Read from BloombergThese Homes Withstood the LA Fires.
The stock market wrapped up its best week since early November as Wall Street breathed a sigh of relief in the wake of the latest inflation data. The Dow Jones Industrial Average gained 334 points, or 0.