Wall Street analyzed the cooler-than-expected producer price index for December on Tuesday and looked ahead to the consumer price index report on Wednesday.
Stocks surged on Wednesday after the latest consumer price index report showed core inflation unexpectedly slowed in December.
Investors await Wednesday’s key CPI inflation print before making decisions. The Dow Jones Industrial Average (DJIA) lurched around 150 points higher on Tuesday after Producer Price Index (PPI ...
The Dow Jones Industrial Average (DJIA) continues to lean into the bullish on Wednesday, climbing around 100 points and inching towards 44,200 as equities tilt into the buy button. There aren’t any particular reasons for a fresh bull run to kick off, but investors aren’t finding any particular reason for a turn into the bearish side, either.
U.S. stocks traded sharply higher in Wednesday's final hour of trading, with the Dow Jones Industrial Average and S&P 500 headed for a third consecutive session of gains after December's CPI data sparked a relief rally.
Dow Jones futures rose Wednesday ahead of an imminent CPI inflation report. Nvidia stock looked to end a five-day losing streak.
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.
A softer-than-expected December inflation report and strong earnings from the nation's major U.S. banks Wednesday boosted investors' confidence as stocks surged. The S&P 500 and Nasdaq Composite likewise added 1.7% and 2.3%, respectively, while the Dow Jones Industrial Average rose 725 points, or 1.7 percent.
The 10-year Treasury yield ( ^TNX) added to recent gains to touch a 14-month high, trading around 4.8% as US bonds sold off. Meanwhile, the dollar ( DX-Y.NYB) surged to a two-year high against major currency peers, with the UK pound ( GBPUSD=X ), in particular, coming under pressure.
US stocks surged on Wednesday, fueled by a slowdown in core inflation and better-than-expected earnings from major banks.
All told, the S&P 500 rose 37.13 points, the Dow Jones Industrial Average gained 130.92 and the Nasdaq composite jumped 252.56.
Netflix, Oracle and other tech stocks lifted U.S. indexes as their profits pile higher and excitement builds around AI's moneymaking prospects.