US stocks rose on Friday as the latest reading from a closely watched inflation gauge extended a story of cooling inflation and as investors absorbed the fallout of the Biden-Trump debate. The S&P 500 advanced roughly 0.1% after the benchmark closed a step nearer to its record high. The tech-heavy Nasdaq Composite rose 0.3%, while the Dow Jones Industrial Average index, which strips out the cost of food and energy and is closely watched by the Fed, rose 0.
Meanwhile, with November's US election high on the list of risks, investors took note of President Joe Biden's weak showing in his first debate against presumptive Republican nominee Donald Trump. The former president's promised tax cuts and trade clampdown are seen as likely to boost stocks. Shares in Trump Media & Technology Group jumped in morning trading.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: US stocks edge lower as investors watch for cuesInvestors are wondering whether the recent rough ride for stocks is a sign of a coming retreat.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
US stocks mixed, Treasury yields dip as investors square soft data with hawkish FedThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Asia stocks rally, bond yields fall as investors assess Fed outlookAsian equities rallied on Thursday, while bond yields slid, as investors weighed cooling U.S. inflation against a more hawkish posture by the Federal Reserve...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks waver ahead of Fed as Apple surges to recordInvestors braced for a Federal Reserve meeting that should signpost the path of interest rates, with a key inflation print also waiting in the wings.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: US stocks slip from records as focus turns to FedInvestors braced for a Federal Reserve meeting that should signpost the path of interest rates, with a key inflation print also waiting in the wings.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: World stocks are mixed ahead of this week's Fed meetingHONG KONG (AP) — World shares were mixed on Tuesday in a busy week that will bring several top-tier reports on U.S. inflation along with a policy meeting of ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »