Stocks soared into the weekend as investors brushed off strong payrolls data and lowered rate-cut expectations.
HONG KONG (AP) — Asia stocks were mostly higher on Tuesday, with investors mainly focusing on a U.S. inflation report and what it means for interest rate cuts by the Federal Reserve. Oil prices advanced while U.S. futures were mixed. The yen weakened, coming close to a 34-year low. Japan’s benchmark Nikkei 225 gained 0.8% []
U.S. stock indexes ended nearly flat on Tuesday, pressured by financial-sector stocks as investors awaited a key inflation reading and braced for major banks to kick off earnings-reporting season later this week. The S&P 500 was up 7.52 points, or 0.1%, to end at 5,209.91. The Dow Jones Industr
Tesla Inc. shares are down 3.9% in Thursday morning trading after a Deutsche Bank analyst downgraded them to hold from buy, and they're on track to log their fifth session in a row of losses. That would make for Tesla's longest losing streak since the stock fell for six trading days in a row during
Monday morning saw a rebound in U.S. futures after Friday’s sell-off, prompted by concerns over inflation and escalating geopolitical woes. Notably, futures on the
Equities retreated after inflation data called the Fed's rate-cut plans into question.
Volatility returned as market participants adjusted their expectations for rate cuts.
The main indexes temporarily tumbled after Fed Chair Powell said interest rates could stay higher for longer.
Strength in several mega-cap tech and communication services stocks kept the main indexes higher Thursday.
US stocks searched for direction on Tuesday as the Dow looked to snap a
Investors were bracing for a wholesale inflation print, after a surprise uptick in CPI shook markets and undermined bets on interest-rate cuts.
Equities struggled before tomorrow's big Consumer Price Index report.