US stocks inch to higher close as markets brace for CPI data, earnings

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US Stocks News

Wall Street

NEW YORK, April 10 ― The Nasdaq and S&P 500 posted modest gains today, a day ahead of major inflation data, weighed down by financial stocks as investors braced for major US...

Lawyers’ group calls out Hannah Yeoh for ‘misleading’ remarks about citizenship Bill, urges govt to include existing children born abroad to Malaysian mumsThe Dow Jones Industrial Average fell 9.13 points, or 0.02 per cent, to 38,883.67. The S&P 500 gained 7.52 points, or 0.14 per cent, at 5,209.91 and the Nasdaq Composite added 52.68 points, or 0.32 per cent, at 16,306.64.

JPMorgan Chase & Co, Wells Fargo & Co and Citigroup Inc, due to report results on Friday, were the three constituents in the S&P Banking index to end lower.“The financials kick off first-quarter reporting season and often set the tone,” said Bill Northey, senior investment director at U.S. Bank Wealth Management, Billings, Montana. “We are looking to the cyclical areas as an indicator of the health of corporate America.

The Dow Jones Industrial Average fell 9.13 points, or 0.02 per cent, to 38,883.67. The S&P 500 gained 7.52 points, or 0.14 per cent, at 5,209.91 and the Nasdaq Composite added 52.68 points, or 0.32 per cent, at 16,306.64. Cryptocurrency and blockchain-related stocks declined, tracking falling bitcoin prices. Exchange operator Coinbase Global and software company MicroStrategy dipped 5.5 per cent and 4.8 per cent, respectively.

 

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