Stock market today: Wall Street drifts near record highs after an in-line inflation report

U.S. stocks are drifting near their records after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates. The S&P 500 was up 0.1% in early trading Wednesday. The Dow Jones Industrial Average was up 62 points, and the Nasdaq composite was up 0.1%. Stocks got support from easing yields in the bond market. The yield on the 10-year Treasury fell to 4.38% from 4.43% late Tuesday.

Japan’s benchmark Nikkei 225 slipped 1.7% to 38,721.66, as wholesale inflation reached its highest level since July of last year. The corporate goods price index, which measures the price changes of goods traded in the corporate sector, rose 3.4% in October year-over-year, according to Bank of Japan data. The increase was partly attributed to the decline of the Japanese yen against the U.S. dollar.

Stocks had been broadly rising since last week on expectations that Trump’s preference for lower tax rates and other policies may mean faster economic growth, as well as bigger U.S. government debt and higher inflation. Some areas of the market rocketed on particularly high-grade fuel, such as smaller U.S. stocks seen as benefiting the most from Trump’s “America First” ideas.

Treasury yields have been climbing sharply since September, in large part because the U.S. economy has remained much more resilient than feared. The hope is that it can continue to stay solid as the Federal Reserve continues to cut interest rates in order to keep the job market humming, now that it’s helped get inflation nearly down to its 2% target.

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 today: Asian markets are mixed after another winning close on Wall StreetBANGKOK (AP) — Asian shares were mixed on Monday after U.S. stocks rose to records to close out their latest winning week. U.S. futures also were mixed and...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Wall Street opens lower as Big Tech stocks pull backNEW YORK (AP) — Wall Street is feeling the downside of high expectations as Microsoft and Meta Platforms lead U.S. stock indexes lower despite delivering strong profits for the summer. The S&P 500 was down 0.
La source: SooToday - 🏆 8. / 85 Lire la suite »

Stock market today: Wall Street ends mixed even as the Dow ekes out another recordNEW YORK (AP) — U.S. stocks ended on a mixed note following the latest signals that the U.S. economy continues to hum. The S&P 500 closed little changed Thursday. The Dow Jones Industrial Average added 0.
La source: SooToday - 🏆 8. / 85 Lire la suite »

Stock market today: Wall Street opens lower as its recent rally cools some moreNEW YORK (AP) — Stocks are opening lower as more momentum comes out of Wall Street’s record-breaking rally. The S&P 500 was 0.3% lower early Wednesday. It’s coming off two small losses since setting an all-time high on Friday.
La source: SooToday - 🏆 8. / 85 Lire la suite »

Stock market today: Wall Street drifts ahead of Election Day, while oil rises and yields sinkNEW YORK (AP) — U.S. stocks drifted ahead of a momentous week full of potential flashpoints, while oil prices climbed and Treasury yields dropped. The S&P 500 slipped 0.3% Monday, even though the majority of stocks within the index rose.
La source: SooToday - 🏆 8. / 85 Lire la suite »

Stock market today: Gains for Amazon and Intel help send Wall Street higherNEW YORK (AP) — Amazon and Intel are helping to pull U.S. stock indexes higher, while yields skid in the bond market following a surprisingly weak jobs report that was marred by hurricanes and other unusual occurrences. The S&P 500 was 0.
La source: SooToday - 🏆 8. / 85 Lire la suite »