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☆ Stock market today: Indexes rise as stocks whipsaw after inflation-fueled decline
  + stars: | 2024-09-11 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +3 min
US stocks traded mixed as traders reacted to a mixed inflation report. Core consumer prices rose more than expected, reducing chances of a 50 basis-point rate cut. AdvertisementUS stocks traded mixed on Wednesday, with investors staging a recovery after taking in a mixed inflation report. Odds for a 50 basis-point cut have been slashed by more than half to just 15%, according to the CME FedWatch tool. Markets will assess August producer price inflation data and weekly jobless claims on Thursday and fresh retail sales data next Tuesday.
Persons: —, Bill Adams, Jensen Huang, Goldman Sachs Organizations: Service, Dow Jones, Traders, Comercia Bank, Bank of America, Tech, Nvidia, Here's
☆ Dow jumps 387 points as US stocks snap weekly losing streak after rate fears ease
  + stars: | 2023-03-03 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +2 min
US stocks climbed higher on Friday, snapping a weekly losing streak. Fears of a move back to bigger rate hikes were eased as traders digested comments from Fed officials. All three indices ended the day higher, with the Dow gaining almost 400 points to break a four-week streak of losses. "The solid ISM survey and resilience to high interest rates will reinforce the Fed's resolve that interest rates should continue to move higher. "The Fed wants to tread lightly to minimize the risk that they overshoot and cause an unnecessarily severe downturn."
☆ US stocks jump as investors cheer upbeat GDP data and strong Tesla earnings
  + stars: | 2023-01-26 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +3 min
US stocks jumped Thursday as investors cheered strong GDP data and Tesla earnings. GDP grew 2.9% over the fourth quarter, above estimates of 2.8%. GDP grew 2.9% annualized over the fourth quarter, according to the Commerce Department, above the 2.8% estimated by economists. Tesla, meanwhile, reported a record revenue of $24.32 billion over the last quarter, above estimates of $24.16 billion. "Headline GDP was very strong beating consensus suggesting robust economic activity and if recession were to materialize a softer recession.
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