NEW YORK (AP) U.S. stocks rallied to records on hopes that inflation is heading back in the right direction. The S&P 500 jumped 1.2% Wednesday to top its prior all-time high set in March. The Nasdaq composite added 1.
U.S. stocks rallied to records on hopes that inflation is heading back in the right direction. The S&P 500 jumped 1.2% Wednesday to top its prior all-time high set in
The CPI print keeps the possibility of the Fed cutting rates at least once this year, potentially at least two rate cuts if the data continues to point to a trend of inflation falling further, said Jeff Lipton, a research analyst and market strategist.
Hopes that inflation is finally heading back in the right direction swept through Wall Street on Wednesday and ignited a record-setting rally for U.S. stocks.
NEW YORK (AP) U.S. stocks hit record highs Wednesday on hopes that inflation is finally coming back in the right direction after a discouraging start to the year. The S&P 500 was up 0.9% in afternoon trading and above its all-time high set in late March. The Nasdaq Composite Index added to its own […]