Stock market today: Wall Street climbs as stocks worldwide rise

prices getting paid at the wholesale level rose

Treasury yields initially jumped following Thursday’s reports on fears they could push the Fed to raise rates again or at least to keep rates higher for longer. But economists pointed out much of last month’s acceleration in wholesale inflation was due to higher fuel prices, which can shift direction sharply and quickly.

The two-year Treasury yield, which more closely tracks expectations for the Fed, also bounced up, down and back again following the reports. It was sitting at 4.96%, down from 4.98% late Wednesday, after briefly leaping above 5.02%. “The Fed is still likely to remain on hold next week, but if the economy continues to surprise to the upside, all bets are off as to what they’ll do after their final two policy meetings of the year,” he said.are set to begin trading later in the day. It priced its stock at $51 per share in an initial offering, The offering valued Arm at $54.

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Wall Street ticks higher as stocks worldwide climbStocks are ticking higher on Wall Street after a blizzard of reports suggested the U.S. economy is still humming, though inflation may be too.
مصدر: latimes - 🏆 11. / 82 اقرأ أكثر »

Stock market today: Asian shares slide after tech, rising oil prices drag Wall St lowerShares have declined in Asia after falling on Wall Street ahead of a highly anticipated report on U.S. inflation due later in the day. Oil prices were little changed.
مصدر: AP - 🏆 728. / 51 اقرأ أكثر »