Stock Market News Today: US stocks rise on strong corporate earnings

Data on Friday also showed the Personal Consumption Expenditures index, the Fed's preferred measure of inflation, rose just 0.1% over the past month. Meanwhile, the Employment Cost Index rose 1.2% over the past quarter, a sign that inflation's presence is still being felt in the economy.

"The case for another Fed rate hike next week has been solidified by today's Employment Cost Index and Personal Consumption Expenditure reports showing ongoing cost pressures," Lazard's chief market strategist Ron Temple said in a note."Taken alongside the solid domestic demand in yesterday's GDP report, it's clear that the US economy remains resilient in the face of tightening to date, implying that the Fed's job is not yet complete.

Investors are now pricing in an 88% chance that the Fed will hike interest rates another 25 basis-points at next week's meeting of the Federal Open Market Committee, according to the

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market news today: First Republic instability reignites bank fearsUS stocks trade mixed as investors weigh solid earnings against continued bank stress
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Stock Market News Today: Indexes fall as March PCE climbs 0.3%US stocks fall as investors weigh fresh inflation data and more tech earnings
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

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.
La source: wjxt4 - 🏆 246. / 63 Lire la suite »

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.
La source: CNBC - 🏆 12. / 72 Lire la suite »

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.
La source: KPRC2 - 🏆 80. / 68 Lire la suite »

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.
La source: TucsonStar - 🏆 339. / 59 Lire la suite »