News Formal

Stock market today: S&P 500, Nasdaq jump higher as key inflation data comes in cool

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 24 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

Nasdaq Composite News

Consumer Prices,Producer Price Index,Nasdaq 100

Investors are anxious for several economic datapoints this week, starting with inflation.

US stocks rose in late morning trading on Tuesday as Wall Street digested cooler-than-expected inflation data and awaited an update on consumer prices. The S&P 500 rose more than 1%, while the tech-heavy Nasdaq Composite around 1.7%. The Dow Jones Industrial Average inched up around 0.5%. So far, it's the best three-day stretch for the Nasdaq Composite, Nasdaq 100 , and S&P 500, with each tracking four straight wins.

July's retail sales reading, a key indicator of the health of the US consumer, is set to follow on Thursday. Wall Street is coming off an unusually boring day after more than a week of volatility. The S&P 500 and Nasdaq on Monday continued slowly building back toward the highs the indexes saw before a three-day sell-off wiped out a decent chunk of those year-to-date gains. Home Depot was the most significant name on the earnings docket Tuesday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: S&P 500, Nasdaq rip higher as key inflation data comes in coolInvestors are anxious for several economic datapoints this week, starting with inflation.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq futures jump as key inflation data comes in coolInvestors are anxious for several economic datapoints this week, starting with inflation.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq futures point higher with key inflation data loomingInvestors are anxious for several economic datapoints this week, starting with inflation.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq rise, nearly wiping out week's losses in wild turnaroundA wild week on Wall Street is coming to a close.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq surge as wild week on Wall Street continuesStocks rallied on Thursday as a fresh reading on weekly unemployment claims helped calm recession fears.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq surge after jobs data eases concerns over US economyWall Street saw a comeback attempt falter on Wednesday, as stocks faded into the close and ended up with sizable declines
Source: YahooFinanceCA - 🏆 47. / 63 Read more »