Stocks climbed on Wednesday, with markets positioned for Federal Reserve Chairman Jerome Powell to announce a pause in the U.S. central bank's interest-rate hiking campaign later.
U.S. futures inched higher following the S&P 500's fourth consecutive increase — the longest winning run since early April. It is approaching the 4,400 mark, a level it hasn't traded at for more than a year. In Europe, gains in miners helped push the Stoxx 600 benchmark to the highest in three weeks.
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Stock market today: Global stocks, Wall Street futures mixed after U.S. inflation coolsGlobal stock markets and Wall Street futures were mixed Wednesday after a cooler reading on U.S. inflation buoyed hopes the Federal Reserve will postpone a possible interest rate hike.
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