Stock market today: Wall Street rallies closer to records as US economy holds up better than feared

NEW YORK — Wall Street is rallying following signals the U.S. economy is holding up better than expected. The S&P 500 was up 1% early Thursday. The index is on track for a sixth straight gain following a scary few weeks. The Dow Jones Industrial Average was up 518 points, or 1.3%, and the Nasdaq composite rose 1.2%. Treasury yields leaped in the bond market following the encouraging economic data. One report said U.S.

Japan’s Cabinet Office data showed the world’s fourth largest economy grew at an annual rate of 3.1% in the April-June period, a rebound from the contraction in the previous quarter. A major element of uncertainty, which had focused on currency fluctuations and interest rates, has become the political sector, as Japan’s governing Liberal Democratic Party picks a new leader after Prime Minister Fumio Kishida said he wouldn't seek reelection. The next leader is likely to be from his party, signaling continuity in Japan’s basic pro-U.S., pro-business policies, but there is no clear successor.

Data from the U.S. government said consumers paid prices that were 2.9% higher last month for gasoline, food, shelter and other things than a year earlier.

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Stock market today: Wall Street holds steady after an inflation report comes in as expectedNEW YORK (AP) — Wall Street is holding relatively steady after the latest update on inflation came in almost exactly as economists expected. The S&P 500 was up 0.1% in early trading Wednesday, coming off one of its best days of the year.
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Stock market today: Wall Street opens higher after inflation report comes in better than expectedNEW YORK (AP) — U.S. stocks are rising, and Wall Street is relaxing a bit after the first of several highly anticipated reports on the economy this week came in better than expected. The S&P 500 was 0.
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Stock market today: Wall Street is steady ahead of big tests coming later in the weekNEW YORK (AP) — Wall Street is holding relatively steady, as markets around the world stabilize following a wild week. The S&P 500 was up 0.3% in early trading Monday. The Dow Jones Industrial Average rose 58 points, or 0.
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Stock market today: Stocks wobble as Wall Street looks to end volatile week on high noteA wild week on Wall Street is coming to a close.
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