Stock market today: Wall Street rallies to records after inflation finally slows

  • 📰 SooToday
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 85%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

NEW YORK (AP) — U.S. stocks rallied to records on hopes that inflation is heading back in the right direction. The S&P 500 jumped 1.2% Wednesday to top its prior all-time high set in March. The Nasdaq composite added 1.

NEW YORK — U.S. stocks rallied to records on hopes that inflation is heading back in the right direction. The S&P 500 jumped 1.2% Wednesday to top its prior all-time high set in March. The Nasdaq composite added 1.4% to its own record set a day earlier, while the Dow Jones Industrial Average rose 0.9% to beat its own recent high. Treasury yields also eased after a report showing a slowdown in inflation boosted expectations for the Federal Reserve to cut interest rates this year.

Stocks that tend to benefit the most from lower interest rates helped lead the market. Real-estate stocks in the S&P 500 climbed 1.6%, while utility stocks rose 1.3%. Their dividend payments look better to investors when bonds are paying less in interest. Perhaps more importantly, the slowdown was a relief after reports for the consumer price index, or CPI, earlier this year had consistently come in worse than expected. That string of disappointing data had washed out forecasts for the Federal Reserve to soon lower its main interest rate, which is sitting at its highest level in more than two decades.

A separate report showed a stall in spending growth at U.S. retailers in April from March. It was a weaker showing than the 0.4% growth economists expected. That could threaten one of the main hopes that's rallied the U.S. stock market toward its record levels: The Federal Reserve can pull off the balancing act of slowing the economy enough through high interest rates to snuff out high inflation but not so much that it causes a bad recession.

On the losing end were GameStop and AMC Entertainment, as momentum reversed following their jaw-dropping starts to the week. GameStop fell 22.1%, but it has still more than doubled for the week.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 8. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stock market today: Wall Street opens higher following report that inflation eased last monthNEW YORK (AP) — Stocks are rising with hope that inflation is finally heading back in the right direction. The S&P 500 is flirting with the record it set a month and a half ago. A stall in spending by U.S.
Fonte: SooToday - 🏆 8. / 85 Consulte Mais informação »

Stock market today: Asian markets follow Wall Street higher ahead of key inflation updateHONG KONG (AP) — Asian stocks were mostly higher on Wednesday after a rally on Wall Street that took the Nasdaq composite index to a record high. A report...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Stock market today: Wall Street ends higher, sending Nasdaq to a record highNEW YORK (AP) — 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%.
Fonte: SooToday - 🏆 8. / 85 Consulte Mais informação »

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.
Fonte: SooToday - 🏆 8. / 85 Consulte Mais informação »

Stock market today: Asian shares mixed in muted trading after Wall Street barely budgesTOKYO (AP) — Asian shares were mixed in muted trading Tuesday after U.S. stock indexes were little changed ahead of the release of inflation data. Japan's...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »