Wall Street's main indexes rose as a decline in Treasury yields boosted megacap growth stocks ahead of key inflation and jobs data, providing more insight into the Federal Reserve's interest rate trajectory.
Stocks rise as markets shift focus from the Federal Reserve to corporate and economic reports, with the S&P 500 and Dow Jones Industrial Average both experiencing gains, while investors await upcoming economic data and inflation updates.
Stocks on the Dow increased as Wall Street anticipated a fourth day of gains after revised GDP data revealed slower growth in the US economy than previously estimated.
The Dow Jones Industrial Average made slight gains despite weaker than expected jobs data and a downward revision to Q2 GDP estimates, which increases the chances of a pause in interest rate hikes.
Wall Street stocks opened higher as new data showed easing inflation, boosting the Dow Jones and S&P 500, with investors taking heart from signs of a soft landing for the US economy.
Asian shares edged higher as China implemented measures to support its housing sector and stabilize the yuan, with investors cautious pending U.S. jobs data that could influence the Federal Reserve's decision on interest rates.
Stock indices finished today’s trading session in the red, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all falling. The technology sector was the session's laggard, while the utilities sector was the leader. The U.S. 10-Year Treasury yield increased, and the Atlanta Federal Reserve's latest GDPNow reading estimates that the economy will expand by about 5.6% in the third quarter. The Federal Reserve released its Beige Book report, noting a tourism boom but slower spending in other areas. The ISM Non-Manufacturing Purchasing Managers' Index came in higher than expected, and mortgage applications fell to their lowest level since 1996. The U.S. trade deficit widened less than expected in July. U.S. stock futures inched lower, and European indices trended lower. Asia-Pacific markets were mixed.
Stocks edged higher as investors awaited consumer inflation data that could influence the Federal Reserve's upcoming policy decision.
Oil prices edged higher on Thursday as markets refocused on expectations of tight crude supply for the rest of 2023, following the extension of oil output cuts by Saudi Arabia and Russia and the International Energy Agency's forecast of a substantial market deficit through the fourth quarter.
Stocks surged as the Dow Jones Industrial Average rose, driven by strong performances from Goldman Sachs, Caterpillar, and Arm, while the tech-heavy Nasdaq and the S&P 500 also saw gains; strong consumer data and positive economic indicators contributed to the market's optimism.
U.S. stocks edge lower as investors await the Federal Reserve's decision on interest rates, with uncertainty surrounding the potential for future rate hikes causing volatility in the market.
The Dow Jones Industrial Average rose ahead of the Federal Reserve's interest rate decision, while Cathie Wood's Ark Invest sold shares of Tesla stock.
Stock futures in the US edged higher after a sell-off triggered by the Federal Reserve's indication of higher interest rates, with the S&P 500 on track for a rebound after its worst day since March.
Wall Street stocks edge higher after a recent sell-off sparked by the Federal Reserve's indication that interest rates will remain high, with the S&P 500 and Nasdaq Composite making slight gains; however, they are set for weekly losses.