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U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s, data showed on Friday. ....
(Reuters) -U.S. stock index futures rose on Friday and put Wall Street on track for a higher close for the week, which was dominated by the Federal Reserve's signals on a possible end to rate hikes and mixed earnings reports from marquee tech companies. Chip stocks surged in premarket trading after Intel posted a surprise quarterly profit, while global stock markets eased following Japan's tweaks to its monetary policy. The Dow snapped its longest winning streak since 1987 in the previous session as U.S. Treasury yields pressured stocks lower after news that the Bank of Japan will allow long-term interest rates to rise. ....
US STOCKS-Wall Street futures rise ahead of inflation data; chip stocks rally devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
Wall Street eyes higher open after inflation data streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Wall Street rose on Friday after data signaling easing inflation pressures added to hopes that the Federal Reserve s policy tightening was ending, while chip stocks rose as Intel posted a surprise. ....