inflation, stock and market rally
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US stocks mostly stalled on Thursday as Wall Street digested a much hotter-than-expected PPI inflation print, souring optimism around a large September rate cut. July's Producer Price Index (PPI) came in well above expectations,
Live Updates Live Coverage Has Ended Thursday Wrap-up 4:20 pm The Vanguard S&P 500 ETF closed Thursday almost flat at 592.77, down just 0.01%. Ask Sherwin-Williams... Why Its Stock is Going Down 1:32 pm BofA Securities analyst Steve Byrne removed his sell rating and upgraded S&P 500 component company Sherwin-Williams (NYSE: SHW) to neutral this
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Most US stocks fall after a disappointing inflation update, but Big Tech keeps Wall Street steady
NEW YORK (AP) — Most stocks fell on Wall Street Thursday after a disappointing report said inflation was worse last month at the U.S. wholesale level than economists expected. But gains for Amazon and some other influential Big Tech companies helped mask the losses.
And while Deere reported higher-than-expected earnings of $4.75 per share and revenue of $10.4 billion, management now expects net income for the full fiscal year to be $5 billion at the midpoint – down from a previous forecast of $5.15 billion.
Markets are facing a crucial reading on U.S. inflation in the coming week, soon after regaining their footing following volatility triggered by a weak jobs report at the start of August.
Citi raised its forecast for where the S&P 500 will finish the year, joining Bank of America, Goldman Sachs, Deutsche Bank and others that raised their targets recently. Those forecasts, however, cluster around where the index stands now -- mostly between 6,
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Investor's Business Daily on MSNStock Market Today: Dow Jones Wavers Ahead Of PPI Inflation Report; AI Stock Coherent Plunges On Earnings (Live Coverage)
Futures for the Dow Jones Industrial Average and other major stock indexes traded slightly lower Thursday as Wall Street awaited key inflation data, with the early release of the Producer Price Index.
Jitters around shorter-dated Treasurys with a high sensitivity to any expected Federal Reserve moves on interest rates aren't likely to go away quickly. "With inflation perking up, all eyes will be on