Wall Street brushes off hot PPI as U.S. stocks advance

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Stocks extended their rebound from oversold levels as traders shrugged off a hotter-than-estimated inflation reading to focus on less hawkish comments from Federal Reserve speakers. Oil fell after an early-week surge.

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Wall Street brushes off hot PPI as stocks advanceStocks extended their rebound from oversold levels as traders shrugged off a hotter-than-estimated inflation reading to focus on less hawkish comments from Federal Reserve speakers. Oil fell after an early-week surge.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asia Stocks to Rise After US Brushes Off Hot PPI: Markets Wrap(Bloomberg) -- Equity markets in Asia are poised to open higher after US shares gained for a fourth day as traders shrugged off a hotter-than-estimated...
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Asia Stocks to Rise After US Brushes Off Hot PPI: Markets WrapEquity markets in Asia are poised to open higher after US shares gained for a fourth day as traders shrugged off a hotter-than-estimated wholesale inflation reading.
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Birkenstock stumbles in its stock market debut as Wall Street trades in its wingtips for sandalsNEW YORK (AP) — Birkenstock shares are stumbling in their debut on the stock market as Wall Street trades in its wingtips for sandals for a day.
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Stock market today: Wall Street drifts as inflation reports offer few clues on interest ratesNEW YORK (AP) — U.S. stocks are drifting, and yields are climbing following mixed economic reports that offered no slam-dunk clues about where interest rates are heading.
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Stock market today: Wall Street rises as pressure relaxes from the bond marketNEW YORK (AP) — Stocks closed higher as pressure relaxed on Wall Street from the bond market. The S&P 500 rose 0.5% Tuesday. The Dow added 134 points, and the Nasdaq composite climbed 0.6%.
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