Stock market today: US stocks nudge higher in wait for Fed speakers, key inflation print

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 20 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Federal Reserve News

Jerome Powell,Nasdaq Composite,Inflation Gauge

The focus is on Fed speakers and a key inflation reading for insight into whether another big rate cut is coming.

US stocks rose slightly on Monday, coming off a winning week on Wall Street, as investors looked ahead to Federal Reserve speakers and a key inflation reading for clues to the odds of another big rate cut. The Dow Jones Industrial Average was up 0.1%, hovering above Friday's record close for the blue-chip index. The S&P 500 added roughly 0.2%, while the tech-heavy Nasdaq Composite climbed 0.3%.

Read more: What the Fed rate cut means for bank accounts, CDs, loans, and credit cards Much will depend on Friday's reading on the PCE index — the Fed's preferred inflation gauge — and Thursday's second quarter GDP print. Experts believe that cooling inflation, not a rising risk of recession, will give policymakers a green light for another 0.5% cut this year.

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
 

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

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: US stock futures tread water in wait for Fed's rate callInvestors are bracing for a crucial week dominated by the Fed's first interest-rate cut in four years.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US futures rise with jumbo Fed cuts back on the tableThe stage is set for strong weekly wins after Wall Street's expectations for a 0.5% rate cut by the Fed shot up overnight.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street drifts in mixed trading ahead of Fed meeting this weekNEW YORK (AP) — U.S. stocks are drifting in mixed trading, offering a break from their whipsaw moves in recent weeks. The S&P 500 slipped 0.1% early Monday. The Dow Jones Industrial Average was up 255 points, or 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Dow, S&P 500, Nasdaq surge as Fed fires up rallyWall Street has absorbed the Fed's message that a deep cut will prove positive for the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US futures climb in wait for Fed-favored PCE inflation printThe market is steadying to end the month, with recession fears and the early August rout in the rear mirror, and a long awaited start to Fed easing just...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US stocks rise as Fed-favored PCE inflation print hits the markThe market is steadying to end the month, with recession fears and the early August rout in the rear mirror, and a long awaited start to Fed easing just...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »