U.S. stocks, Treasury yields gain as CPI cements Fed pause

📆 13/09/2023 22:24:00
📰 KitcoNewsNOW

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NEW YORK, Sept 13 - Wall Street eked out nominal gains and U.S. Treasury yields held steady on Wednesday after crucial inflation data appeared to remain on its downward path and fortified expectations that the Federal Reserve will let interest rates stand, for now.

"While rising fuel costs could be considered transitory, a bit of a setback on a month-to-month basis," said Peter Cardillo, chief market economist at Spartan Capital Securities. The Dow Jones Industrial Average rose 12.27 points, or 0.04%, to 34,658.26, the S&P 500 gained 4.6 points, or 0.10%, to 4,466.5 and the Nasdaq Composite added 27.29 points, or 0.2%, to 13,800.91.

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World stocks stand firm, British data sends pound lowerKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
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