US stocks rose on Monday but pared earlier gains as investors shifted their focus from the fallout of Iran's attack on Israel to earnings season amid inflation risks to rate-cut hopes. The S&P 500 rose slightly while the Dow Jones Industrial Average gained 0.2% after ending the week with sharp losses. The tech-heavy Nasdaq Composite wavered between positive and negative territory.
Traders have scaled back bets on the depth of Fed interest rate cuts this year in the face of disappointing economic data. Retail sales in March increased 0.7% from the previous month, as consumers continued to spend despite a higher interest-rate environment. The monthly reading topped economist expectations for a rise of 0.4%, according to Bloomberg data.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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 today: Stocks rebound as investors shake off Mideast tensions, focus on earningsWorries over the fallout from Iran's attack on Israel eased, allowing focus to return to earnings season and inflation risks to rate-cut hopes.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street drifts after another inflation report as worries about rates remainNEW YORK (AP) — U.S. stocks are drifting Thursday, a day after tumbling on worries that interest rates may stay high for a while. The S&P 500 was 0.3% lower in morning trading, coming off a slide of 0.9%.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street holds steadier after its slide on worries about ratesNEW YORK (AP) — U.S. stocks are holding firmer Thursday, a day after tumbling on worries that interest rates may stay high for a while. The S&P 500 was virtually unchanged in early trading.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Asia stocks rise with market focus on signs of interest rate cutHONG KONG (AP) — Asia stocks were mostly higher on Tuesday, with investors mainly focusing on a U.S. inflation report and what it means for interest rate...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks climb, oil dips as Middle East war worries kept in checkThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
US Stocks Fall as Worries About Interest Rates PersistU.S. stocks are falling as worries about interest rates staying high continue to hem in the market.
Source: SooToday - 🏆 8. / 85 Read more »