Stock Market News Today: Indexes fall as March PCE climbs 0.3%

The personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, rose 0.1% in March from the prior month. Yearly growth cooled to 4.2% from 5.1% in February.

Excluding food and energy, the index climbed 0.3% for the month, in line with forecasts, and 4.6% for the year. "The inflation dynamics along with improved financial stability after the recent banking crisis will bring the Fed to another rate hike next week," Jeffrey Roach, chief economist for LPL Financial, wrote in a Friday note."However, the slowdown in business activity and signs of a softer job market will likely force the Fed to consider ending its current rate hiking campaign later this year.

, while Intel rose after reporting strong quarterly figures. FactSet data shows that of 261 S&P 500 companies that have published earnings, roughly 80% have reported positive surprises.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: First Republic instability reignites bank fearsUS stocks trade mixed as investors weigh solid earnings against continued bank stress
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market today: Global shares up ahead of US GDP updateAsian shares mostly rose Thursday, despite lingering worries about the U.S. banking sector and inflationary pressures that weighed on investor sentiment.
Source: wjxt4 - 🏆 246. / 63 Read more »

Here's why the stock market is having such a massive rally todayInvestors looked past what appeared to be a weak first-quarter GDP report on Thursday.
Source: CNBC - 🏆 12. / 72 Read more »

Stock market today: Meta's surge fuels big Wall Street rallyWall Street rallied to its best day since January after Meta Platforms became the latest Big Tech company to blow past profit forecasts.
Source: KPRC2 - 🏆 80. / 68 Read more »

Stock Market Today: Wall Street Rises to Cap a Winning AprilWall Street closed out a winning April with gains Friday as more companies say their profits at the start of the year weren’t as bad as expected.
Source: TucsonStar - 🏆 339. / 59 Read more »

Stock market today: Dow rallies to wrap up best month since January By Investing.com⚠️BREAKING: *DOW RALLIES NEARLY 300 POINTS ON FRIDAY TO WRAP UP BEST MONTH SINCE JANUARY $DIA $SPY $QQQ 🇺🇸🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »