U.S. stocks were higher, with the Dow leading gains Wednesday, and the S&P 500 setting a closing record, paced by gains in drugmaker Merck, while investors looked towards the next piece of inflation data and Federal Reserve policymaker commentary for signals on the rate path. Merck & Co. advanced as the best performer on the Dow after the U.S. Food and Drug Administration approved its therapy for adults suffering from a rare lung condition.
The Personal Consumption Expenditures Price Index , the Fed's preferred inflation gauge, is due on Good Friday, when the U.S. stock market will be closed. Later in the day, Fed Board Governor Christopher Waller is expected to speak at the Economic Club of New York later in the day.
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:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PCE inflation for January: Dow drifts lower as stocks trim gains seen after key dataFull coverage of the PCE price report and its impact on financial markets.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stock market today: Asian stocks gain ahead of US and Japan rate decisionsAsian stocks are higher ahead of policy decisions this week by Japan's central bank and the Federal Reserve.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian stocks gain ahead of US and Japan rate decisionsAsian stocks are higher ahead of policy decisions this week by Japan's central bank and the Federal Reserve.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: Asian stocks gain ahead of US and Japan rate decisionsAsian stocks are higher ahead of policy decisions this week by Japan's central bank and the Federal Reserve. Chinese data released Monday were mixed, with property investment falling while other indicators showed improvement. Japan's benchmark jumped 2.4% on news that companies plan substantial wage hikes, which could boost the economy.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian stocks gain ahead of US and Japan rate decisionsAsian stocks have gained ahead of policy decisions this week by Japan's central bank and the Federal Reserve. Chinese data released Monday were mixed, with property investment falling while other indicators showed improvement. Japan's benchmark jumped 2.7% on news that companies plan substantial wage hikes, which could boost the economy.
Source: AP - 🏆 728. / 51 Read more »
Here are the stocks Wall Street believes will push the Dow over 40,000Watch these stocks that could be key players in helping the 30-stock Dow reach the 40,000 level.
Source: CNBC - 🏆 12. / 72 Read more »