NEW YORK — Stocks are rising with hope that inflation is finally heading back in the right direction. The S&P 500 is flirting with the record it set a month and a half ago. A stall in spending by U.S. households, tired after years of high inflation, is keeping the gains in check. The S&P 500 was 0.5% higher early Wednesday. The Nasdaq composite was adding to its own record set a day earlier, up 0.5%, and the Dow Jones Industrial Average was up 195 points.
The U.S. central bank began raising its benchmark borrowing rate in March of 2022 in an attempt to stifle the inflation that took hold in the wake of the pandemic. The Fed's rate is at its highest level in 23 years. Elsewhere, in Europe at midday, Britain’s FTSE 100 was up 0.3% after hitting a record high in early trading. Germany’s DAX was up 0.7% and the CAC 40 in Paris was flat.
Bond yields edged lower. The yield on the 10-year Treasury slipped to 4.43% Wednesday from 4.49% late Monday.
Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Stock market today: Asian shares gain despite Wall Street's tech-led retreatAsian shares advanced on Thursday even after sinking technology stocks sent Wall Street lower in the S&P 500's worse losing streak since the start of the...
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »
Stock market today: Wall Street opens higher following a 3-week losing streakNEW YORK (AP) — Wall Street is opening higher following a three-week losing streak. The S&P 500 was up 0.5% early Monday, coming off its longest weekly losing streak since September.
Bron: SooToday - 🏆 8. / 85 Lees verder »
Stock market today: Asian stocks track Wall Street gains ahead of earnings reportsHONG KONG (AP) — Asian share benchmarks were mostly higher Tuesday after U.S. stocks clawed back a chunk of their losses from the week before. U.S. futures...
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »
Stock market today: Wall Street opens higher, adding to a hot start for the weekNEW YORK (AP) — Stocks are ticking higher on Wall Street and adding to their hot start to the week. The S&P 500 was up 0.5% in early trading on Tuesday, pulling further out of the hole created by a six-day losing streak.
Bron: SooToday - 🏆 8. / 85 Lees verder »
Stock market today: Wall Street rallies for a second day, erasing some of April's lossesNEW YORK (AP) — Stocks rallied for a second straight day on Wall Street, softening what’s been a rough April. The S&P 500 added 1.2% Tuesday to pull further out of the hole created by a six-day losing streak.
Bron: SooToday - 🏆 8. / 85 Lees verder »