U.S. stocks end higher as Dow snaps five-day losing streak after CPI inflation report

U.S. stocks finished sharply higher Tuesday, with the Dow Jones Industrial Average snapping a five-day losing streak as regional banking stocks rose and investors weighed a report showing the rate of inflation slowed over the past year. The Dow DJIA, +1.06% closed about 1.1% higher, while the S&P 500 SPX, +1.68% gained 1.7% and the Nasdaq Composite COMP, +2.14% rose 2.

1%, according to preliminary data from FactSet. Fresh data from the consumer-price index on Tuesday showed inflation rose in February in line with expectations, with the year-over-year rate cooling to 6% from 6.4% in January. Meanwhile, shares of regional banks such as First Republic Bank FRC, +27.84% rose Tuesday, after being pummeled in recent days after the failure of Silicon Valley Bank.

Where's info about' that defi free money glitch people areeee using!

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Dow Futures Rise Ahead of CPI Inflation ReportStock futures edged higher and Treasury yields stabilized as traders awaited inflation data. Follow the latest markets updates.
Source: WSJ - 🏆 98. / 63 Read more »

Dow futures unsteady as stock-market investors watch efforts to avert SVB-inspired bank crisisU.S. equity markets traded unevenly Sunday afternoon, in the aftermath of the failure of Silicon Valley Bank on Friday, which has cast a pall over the...
Source: MarketWatch - 🏆 3. / 97 Read more »

5 things to know before the stock market opens TuesdayHere are the most important news items that investors need to start their trading day.
Source: CNBC - 🏆 12. / 72 Read more »