U.S. stocks finished higher Wednesday after the Department of Commerce reported that retail sales were stronger than anticipated in January. The Dow Jones Industrial Average DJIA, +0.11% closed 0.1% higher, while the S&P 500 SPX, +0.28% rose 0.3% and the technology-heavy Nasdaq Composite COMP, +0.
92% climbed 0.9%, according to preliminary data from FactSet. Retail sales in the U.S. climbed 3% last month, a report Wednesday from the Commerce Department shows. That was the biggest increase in U.S. retail sales in almost two years, and above the 1.9% rise forecast by economists polled by the Wall Street Journal.
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Why January's CPI report could deal a massive blow to the stock marketThe January CPI reading is expected to show a 6.2% rise from a year earlier, slowing from a 6.5% year-over-year rise seen in the previous month, according to a survey of economists. Why so But what if corporations continue stock buy backs?
منبع: MarketWatch - 🏆 3. / 97 ادامه مطلب »
January CPI inflation report due today: Live updates on stock market and moreA new report on inflation is due Tuesday morning. Economists surveyed by Bloomberg forecast that the annual rate of price increases will slow to 6.2% in January following a decline to 6.5% in December. Way, way down… …to ONLY 6.5% These are year over year decreases, not the actual inflation rate for the month. Prices continued to decline on a yearly basis for the seventh straight month to 6.4% from 6.5%, the smallest increase since October 2021. However on a monthly basis, inflation rose by 0.5% from 0.1% in December.
منبع: USATODAY - 🏆 100. / 63 ادامه مطلب »