Stock market today: Wall Street is steady following economic reports with few surprises

The S&P 500 was 0.1% higher in afternoon trading and remains on track for a fourth winning week in the last five. It’s climbed back within 1.9% of its record set in July following a

That helped to offset a 17.2% slump for Moderna after the vaccine maker said it expects to break even in 2028,of 2026. The company, whose sales have cratered in the aftermath of the COVID-19 pandemic, is also reducing its 2025-2028 research and development investment by 20%. The inflation data was similar to Wednesday’s report on prices at the U.S. consumer level. It kept traders betting the Fed will deliver a traditional-sized cut of a quarter of a percentage point next week, instead of the larger half-point that some had earlier been expecting.While lower interest rates help goose the economy and investment prices, they can also give inflation more fuel.

Any cut to rates by the Fed would be the first in more than four years, as it’s been more focused on fighting inflation. Across the Atlantic, moves to protect the economy have already begun. Thecut interest rates by a quarter of a percentage point on Thursday, the second time it’s done so to prop up economic growth.

On Wall Street, Kroger climbed 5% after reporting stronger profit for the latest quarter than analysts expected. The grocer’s revenue fell short, but it raised the floor of its forecasted range for a key revenue measure for the full year. In stock markets abroad, indexes were higher across much of Europe. In Asia, Japan’s Nikkei 225 index was a standout and jumped 3.4%. It clawed back some of its sharp losses following a seven-day losing streak.There are now more 401 millionaires than ever before. According to new data from Fidelity, there are now roughly 497,00 401 plan participants with balances of at least $1 million in their accounts.

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Stock market today: Wall Street holds steady after an inflation report comes in as expectedNEW YORK (AP) — Wall Street is holding relatively steady after the latest update on inflation came in almost exactly as economists expected. The S&P 500 was up 0.1% in early trading Wednesday, coming off one of its best days of the year.
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Stock market today: Wall Street gives back some of its gains as its rally loses momentumNEW YORK (AP) — Stocks are giving back some of their big gains from earlier in the week as Wall Street’s rally loses some steam. The S&P 500 was 0.3% lower early Friday and on track for its first drop in seven days.
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Stock market today: Wall Street closes its best week of the year with some more gainsNEW YORK (AP) — U.S. stocks drifted higher as Wall Street coasted to the close of its best week since November. The S&P 500 rose 0.2% Friday, extending its winning streak to a seventh day. The Dow Jones Industrial Average rose 0.
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Stock market today: Wall Street holds near records after an 8-day winning streakNEW YORK (AP) — U.S. stocks are holding near their record levels following an eight-day winning streak. The S&P 500 was down less than 0.1%. The Dow Jones Industrial Average fell 0.1%, and the Nasdaq composite slipped 0.1%.
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Stock market today: Wall Street rises after Target and other retailers top profit forecastsNEW YORK (AP) — U.S. stocks are opening higher after more big companies delivered profit reports that topped analysts’ expectations. The S&P 500 rose 0.2% in early Wednesday trading. The Dow Jones Industrial Average added 110 points, or 0.
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Stock market today: Wall Street ticks closer to record heights ahead of a highly anticipated speechNEW YORK (AP) — U.S. stocks are ticking higher Thursday as Wall Street counts down to what’s supposed to be the main event of the week, a speech by Federal Reserve Chair Jerome Powell coming on Friday. The S&P 500 was 0.
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