Stock Market Today: Dow closes at record as energy stocks ride oil prices higher

Investing.com -- The Dow closed a record highs Friday, shrugging off a wobble in tech as surging energy stocks and signs of inflation is cooling faster than expected lifted investor sentiment.US consumer spending grew at a slower than anticipated rate in August, while inflation pressures continued to ease.

Household income growth also unexpectedly slowed to 0.2% from 0.3% in July. The figure was tipped to edge up by 0.4%.), said both numbers are"slowing but not falling off a cliff." Wage gains have recently supported consumer spending activity despite some weakening in the US labor market. When stripping out volatile items like food and fuel, the so-called core PCE price index also decelerated to 0.1% month-on-month and sped up slightly as anticipated to 2.7% from 2.6% on an annualized basis.

The announcement comes as Chinese regulators are stepping up efforts to boost the country's domestic semiconductor industry and cushion the impact of U.S. restrictions,Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock Market Today: Dow ekes out gain to clinch record closeStock Market Today: Dow ekes out gain to clinch record close
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stock Market Today: Dow, S&P 500 ride Nvidia surge to close at fresh record highsStock Market Today: Dow, S&P 500 ride Nvidia surge to close at fresh record highs
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stock Market Today: Dow hits a fresh record high ahead of the key Fed meetingStock Market Today: Dow hits a fresh record high ahead of the key Fed meeting
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stock Market Today: S&P 500 rides Nvidia-led rally to close higherStock Market Today: S&P 500 rides Nvidia-led rally to close higher
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

FedEx creates a hurdle for stock market bulls with the Dow at record highsThe Dow Jones Industrial Average surged to a record above 42,000 on Thursday. That rally may not be sustainable, based on the 'Dow Theory.'
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Stock market today: Asian shares rally, encouraged by Wall Street storming back from an early slideAsian shares are mostly higher, encouraged by gains on Wall Street led by a handful of influential Big Tech companies.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »