Wall Street's fear gauge hit a three-week high on Friday. A Labor Department report showed job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1% as the labor market ended the year on a strong note. A hotter-than-expected ...
U.S. stock indexes held firmer and finished mixed a day after strong reports on the economy stirred up worries that inflation and interest rates may remain higher than expected.
Wall Street wiped out its entire post-election rally this week as mounting interest-rate fears were stoked by a red-hot labor market, surging inflation expectations and escalating geopolitical tensions ahead of Donald Trump‘s return to the White House.
Wall Street is drifting and making smaller moves on Wednesday, a day after strong reports on the economy stirred up worries that inflation and interest rates may stay higher than expected. The S&P 500 was edging down by 0.
The S&P 500 and the Dow Jones Industrial Average were down Wednesday morning while the Nasdaq composite was slightly up.
Wall Street's main indexes slipped as upbeat economic data stoked investor uncertainty over future monetary policy. The Labor Department reported job openings exceeded expectations, while the ISM survey showed strong service sector growth.
Wall Street is drifting and making smaller moves on Wednesday, a day after strong reports on the economy stirred up worries that inflation and interest rates may stay higher than expected.
US consumer inflation rose for a third straight month in December as energy prices increased, according to government data published Wednesday, adding pressure on the Federal Reserve to pause rate cuts.
U.S. inflation picked up last month as prices rose for gas, eggs, and used cars, yet underlying price pressures also showed signs of easing a bit.
U.S. inflation rose 2.9% in December from a year ago, but core inflation declined to 3.2%, providing hope that the Federal Reserve could still cut its key interest rate this year.
Several of President-elect Donald Trump’s picks for high-profile roles in his administration have walked back their earlier stances on foreign intelligence gathering, vaccinations and women serving in combat roles as they prepare for confirmation hearings this week.
STORY: U.S. stocks rallied on Wednesday, with all three of Wall Street's main indexes registering their biggest daily percentage gains in more than two months, after the latest inflation data boosted investors' hopes of more rate cuts by the Federal Reserve.