Stock market today: Wall Street ends higher, sending Nasdaq to a record high

NEW YORK — Stocks ended higher on Wall Street, sending the Nasdaq composite to another record. The S&P 500 rose 0.5%, and is sitting just shy of its own all-time high. The Dow Jones Industrial Average added 0.3%. The Nasdaq composite climbed 0.8%. Several “meme” stocks raced higher including GameStop and AMC Entertainment in an echo of the social-media driven frenzy of three years ago. Treasury yields edged lower in the bond market following a mixed report on wholesale inflation.

An update on inflation showed that prices remain stubbornly high at the wholesale level, before many price changes are passed along to consumers. The latest producer price index showed that inflation rose sharply in April. The report also included a revision lower for the March reading. The report is the first of two big inflation updates this week that are being closely watched by Wall Street.

The bigger test for markets comes Wednesday, when the U.S. releases its monthly update on consumer prices, or inflation faced by households. Economists expect the consumer price index to ease to 3.4% in April on year-over-year basis. The rate of inflation has been ticking higher in 2024, raising concerns that the Fed could have a hard time taming inflation to the central bank's goal of 2%.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

S&P/TSX composite rises, Nasdaq leads Wall St. rally after tech earningsTORONTO — Gains in base metal stocks helped lift Canada's main stock index on Friday while U.S. markets also rose, led by tech stocks as the Nasdaq jumped two per cent.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

Wall Street Casino Is Open for Business as Meme Stocks Take OverThe stock market is having a sleepy trading session Tuesday ahead of Wednesday’s critical inflation data. But in the more obscure, speculative corners of the investing world the casino is rocking.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »

Wall Street Casino Is Open for Business as Meme Stocks Take Over(Bloomberg) -- The stock market is having a sleepy trading session Tuesday ahead of Wednesday’s critical inflation data. But in the more obscure, speculative...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Wall Street opens higher, adding to gains for MayNEW YORK (AP) — Stocks are opening slightly higher on Wall Street, putting the market a bit closer to the record high it set in late March. The S&P 500 edged up 0.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »