Wall Street down after mixed labor market data
US stocks opened with losses, and a key jobs report did little to dispel the unrest surrounding the expected Fed rate cut.
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Wall Street gains after strong US growth data
Wall Street's major indexes rose as investors were relieved after data showed the U.S. economy remained robust, while Nvidia slipped as its largely on-track forecast failed to beat high expectations for the AI chip maker. According to a Commerce Department report, the U.S. economy grew faster than previously estimated amid strong consumer spending.
Wall Street closes higher as Fed minutes reiterate rate cut hopes
All three major U.S. stock indices closed slightly higher on a day that supported expectations of a rate cut in September.
Wall Street little changed as investors await signals from the Fed
Wall Street's major indices remain subdued as investors await clues about a September rate cut from the minutes of the Federal Reserve's latest meeting and a symposium in Jackson Hole later this week. Markets were choppy after the S&P 500 and Nasdaq extended gains for the eighth straight session on Monday, their longest winning streak … Read more
Wall Street rises amid focus on Jackson Hole meeting
Wall Street's major stock indexes extended gains in choppy trading after posting their best week of the year as investors awaited Federal Reserve Chairman Jerome Powell's speech in Jackson Hole for clues about a rate cut. The benchmark S&P 500 index posted a seven-day winning streak on Friday, its longest since October 2023, after a … Read more
Wall Street gains and closes best week of the year
U.S. stocks closed higher as investors reacted to the release of the country's housing construction data last month.
Wall Street slides after weak US housing market data
Wall Street's major indices fell after the S&P 500 and Nasdaq snapped a six-day winning streak after a series of encouraging economic data eased recession fears, while weak housing market data dampened sentiment. Equity markets came under some pressure after data showed that single-family home construction in the U.S. fell sharply in July, suggesting that … Read more
Wall Street gains as US retail sales ease concerns about economic slowdown
Wall Street's major indexes rose as retail sales for July pointed to robust consumer spending, allaying fears of a looming recession in the world's largest economy. All megacap and growth stocks recorded an increase, led by Tesla with an increase of 4.1 percent.
Wall Street gains after release of July inflation report
Wall Street's major indexes rose slightly in choppy trading after data showed inflation easing as expected, underpinning bets that the U.S. Federal Reserve is on track to begin its monetary easing cycle next month. Data from the U.S. Labor Department showed that consumer prices in the U.S. rose by 0.2 percent in July, as expected. … Read more
Wall Street gains on lower US producer prices
U.S. stocks opened higher as investors digested July producer price data.