Stock market today: Stocks gain as Fed's favored inflation gauge cools

Stocks piled on gains Friday as investors embraced an inflation report seen as crucial to the Federal Reserve's next decision on interest-rate cuts. The S&P 500 rose 0.1%, on the heels of ekeing out a third record-high close this week. The Dow Jones Industrial Average and the tech-heavy Nasdaq Composite gained around 0.2%. The August reading of the Personal Consumption Expenditures index, the inflation metric favored by the Fed, showed continued cooling in price pressures.

Read more: What the Fed rate cut means for bank accounts, CDs, loans, and credit cards The stock gauges are on track for weekly wins after confidence in the economy returned to the market. A solid GDP reading, combined with continued cooling in inflation, has cemented growing conviction that the Fed can nail a "soft landing" as it embarks on a rate-cutting campaign. Elsewhere, China added to its stream of stimulus measures, boosting markets once again.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Stock market today: Stocks 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.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Stock market today: US stocks nudge higher in wait for Fed speakers, key inflation printThe focus is on Fed speakers and a key inflation reading for insight into whether another big rate cut is coming.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Stock market today: Stocks rise with jumbo Fed cut 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.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Stock market today: US stocks in holding pattern in wait for Fed decisionInvestors are waiting to find out how aggressive the Fed will be when it makes its first interest rate cut since 2020.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

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.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »