Wall Street Edges Up as Markets Eye Fed Rate Cuts Despite Higher Inflation
-
Wall Street posted small gains early Friday as markets try to end another up-and-down week positively.
-
Inflation data was slightly higher than expected, keeping hopes alive that long-term inflation trends remain downward and the Fed will cut rates starting in June.
-
Software company Adobe and cosmetics retailer Ulta Beauty beat profit forecasts but issued disappointing guidance, causing their shares to drop overnight.
-
In Europe, Germany's DAX and France's CAC 40 rose while the UK's FTSE was nearly flat in midday trading Friday.
-
Regulators in China announced tighter listing standards for companies amid concerns over the quality of listed firms.