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It's been a rough couple of weeks for the stock market, as major indexes began plummeting in early August. As of this writing, the S&P 500 has fallen by around 5% over the past month. The tech ...
“The U.S. economy for the next three quarters looks stronger now than it did three months ago, according to 37 forecasters,” the Philadelphia Fed said in a statement about the survey.
For a few days, it looked as if the bull market that began in late 2022 was screeching to a halt. All major indexes fell in recent weeks. The Nasdaq Composite Index even officially crossed into ...
The S&P 500 jumped 1.7% for its third-best day of 2024 after the U.S. government reported inflation at the wholesale level slowed last month by more than economists expected. The Dow Jones Industrial Average rose 408 points, or 1%, and the Nasdaq composite clambered 2.3% higher.
In the bond market, the yield on the 10-year Treasury slumped to 3.97% from 4.04% late Wednesday and from 4.70% in April. Traders are unified in their belief the Federal Reserve will cut its main interest rate in September. The only question is how many times it may cut this year and next.
Investors can still earn yields above 5 percent from the best money market funds, but that may not last much longer. The Fed is expected to cut interest rates at its September meeting, as ...
That was in line with analysts' forecasts. Narasimhan confirmed recent reports that activist investor Elliott Investment Management has taken a stake in the company. “Our conversations to date have been constructive,” he said. Starbucks shares rose 3% in after-hours trading Tuesday. The stock has fallen 25% in the last 12 months.
US stocks ended Wednesday's session mostly higher as investors took in the lowest inflation reading in three years. Consumer prices rose 2.9% year-over-year in July, solidifying bets for Fed rate ...
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