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Traders Are on Alert for a Hotter-Than-Expected Inflation Print

(Bloomberg) A month after the stock market was rocked by a worse-than-expected inflation report, investors are fearing a reprise when the latest data arrives on Tuesday. Most Read from BloombergThese Are the Best Countries for Wealthy ExpatsBillions Pour Into Nigeria as Tinubu’s Reforms Start to Pay OffIs Now the Right Time to Invest in Bitcoin?Slow US Inflation Retreat Is Set to Bolster Fed Patience on Rate CutsDespite last week’s sideways price action, the S&P 500 Index is on a tear, climbi ....

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Traders Are on Alert for a Hotter-Than-Expected Inflation Print

Traders Are on Alert for a Hotter-Than-Expected Inflation Print
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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S&P 500 Hits 5,100 Milestone to Extend Winning Run: Markets Wrap

(Bloomberg) — Stocks struggled to gain much traction, with big tech losing steam after a powerful rally driven by the artificial-intelligence euphoria. A feat of multiple records in the world’s biggest equity market drove the S&P 500 briefly above the historic 5,100 mark. Most members of the “Magnificent Seven” group of megacaps came under pressure… ....

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Stock Rally Wanes After S&P 500 Touches 5,100 Mark: Markets Wrap

(Bloomberg) — Stocks struggled to gain much traction, with big tech losing steam after a powerful rally driven by the artificial-intelligence euphoria. A feat of multiple records in the world’s biggest equity market drove the S&P 500 briefly above the historic 5,100 mark. Most members of the “Magnificent Seven” group of megacaps came under pressure.… ....

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Tech Up in Late Hours on Nvidia's Bullish Outlook: Markets Wrap

(Bloomberg) — Big tech looked poised for a rebound after Nvidia Corp.’s solid results and outlook bolstered confidence in the artificial-intelligence frenzy that has powered the stock market resurgence.  The giant chipmaker soared in late trading after predicting another blowout sales gain for the current quarter, with Chief Executive Officer Jensen Huang saying “accelerated computing… ....

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