NEW YORK — Wall Street is holding relatively steady after the latest update on inflation came in almost exactly as economists expected. The S&P 500 was up 0.1% in early trading Wednesday, coming off one of its best days of the year. The Dow Jones Industrial Average was up 39 points, or 0.1%, and the Nasdaq composite rose 0.2%. The government said consumer prices were 2.9% higher than a year earlier. The data should keep the Federal Reserve on track to cut its main interest rate in September.
On Thursday, the government will release its latest data on retail sales, which are expected to show that consumers increased their spending modestly in July. As long as shoppers are willing to spend, businesses are likely to hold onto their workers and may even add staff. Mars Inc., whose brands include M&M’s, Snickers and Skittles, said it will pay $83.50 per share in cash. The company put the total value of the transaction at $35.9 billion. Kellanova was created when the Kellogg Co. split into three companies in the summer of 2022.
Japan’s governing Liberal Democratic Party controls a majority in the lower house of parliament, which picks the nation’s leader. Prime Minister Fumio Kishida’s public support ratings have sagged over a scandal involving shady political fund raising as well as other issues.
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:
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: Wall Street rises to the edge of records as its momentum keeps rollingNEW YORK (AP) — U.S. stocks ticked to the edge of records as Wall Street’s momentum keeps pushing it upward. The S&P 500 climbed 0.3% Monday but finished just shy of its all-time high set last week. The Dow Jones Industrial Average rose 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street trudges higher on bank earnings; US retail sales data arrives soonWall Street is logging tiny gains early Tuesday with earnings season revving up and upcoming U.S. retail sales data that could influence a decision by the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Trade worries hit technology stocks, pulling Wall Street lowerNEW YORK (AP) — Wall Street’s record-setting rally ran into a wall as worries about worsening trade tensions with China slammed some of the market’s biggest winners of the year. The S&P 500 was 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Trade worries hit technology stocks, pulling Wall Street lowerNEW YORK (AP) — Wall Street’s record-setting rally ran into a wall as worries about worsening trade tensions with China slammed some of the market’s biggest winners of the year. The S&P 500 was 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Big tech stocks dive again to halt Wall Street's record-setting rallyNEW YORK (AP) — Wall Street’s record-breaking rally ran into a wall, as worries about potentially worsening trade tensions with China hit stocks of chip companies.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street holds steadier a day after big drop in tech stocksNEW YORK (AP) — Wall Street is holding steadier following the worst day for big technology stocks since 2022. The S&P 500 was up 0.2% in early trading Thursday, and the Nasdaq composite was up 0.6%.
Source: SooToday - 🏆 8. / 85 Read more »