News Formal

Stock market today: Wall Street drifts as inflation reports offer few clues on interest rates

  • 📰 SooToday
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 85%

United States News News

United States United States Latest News,United States United States Headlines

NEW YORK (AP) — U.S. stocks are drifting, and yields are climbing following mixed economic reports that offered no slam-dunk clues about where interest rates are heading.

The S&P 500, Dow Jones Industrial Average and the Nasdaq composite were all little changed shortly after trading opened Thursday. A report showed that inflation was a touch higher last month than economists expected, helping to push up Treasury yields. But underneath the surface, it also had some encouraging nuggets for future trends. Oil prices rose to raise the pressure on inflation. Earnings reporting season is also kicking off on Wall Street.

A report on U.S. consumer prices is due later Thursday, a day after a report on wholesale inflation came in hotter than expected. Economists said that may not be enough to force the Fed to raise its main interest rate again. “Recent remarks from FOMC members have leaned dovish, suggesting that the Fed might maintain current short-term rates,” Anderson Alves at ActivTrades said in a report, referring to the U.S. Federal Reserve’s action on interest rates.

On Wednesday, the S&P 500 rose 0.4% and the Dow industrials added 0.2%. The Nasdaq composite gained 0.7%.

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:

 /  🏆 8. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Wall Street rises as pressure relaxes from the bond marketNEW YORK (AP) — Stocks closed higher as pressure relaxed on Wall Street from the bond market. The S&P 500 rose 0.5% Tuesday. The Dow added 134 points, and the Nasdaq composite climbed 0.6%.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Asian shares rise after eased pressure on bonds pushes Wall Street higherBANGKOK (AP) — Shares advanced Wednesday in Asia, tracking Wall Street gains following an easing of pressure from the bond market. U.S. futures slipped and...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Birkenstock set for its stock market debut as Wall Street trades in its wingtips for sandalsNEW YORK (AP) — Birkenstock is making its debut on the stock market as Wall Street trades in its wingtips for sandals for a day. The 249-year-old German...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Birkenstock set for its stock market debut as Wall Street trades in its wingtips for sandalsNEW YORK (AP) — Birkenstock is making its debut on the stock market as Wall Street trades in its wingtips for sandals for a day.
Source: SooToday - 🏆 8. / 85 Read more »

Birkenstock stumbles in its stock market debut as Wall Street trades in its wingtips for sandalsNEW YORK (AP) — Birkenstock shares are stumbling in their debut on the stock market as Wall Street trades in its wingtips for sandals for a day.
Source: SooToday - 🏆 8. / 85 Read more »