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☆ Stock market today: Indexes trade mixed as investors look forward to major Fed decision
▼ + stars: | 2024-09-16 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

US stocks were mixed on Monday ahead of the Fed's expected rate cut later in the week. Fed fund futures show markets see odds of a 50 basis point cut as more likely than a 25 basis point move. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS stocks were mixed on Monday ahead of a major Federal Reserve meeting that's expected to deliver the first interest rate cut in four years. Treasury yields dipped, with the 10-year bond down about one basis point to 3.64%.

Persons: —, it's, Dan Ives, Powell, Ives Organizations: Treasury, Service, Reserve, Nasdaq, Dow Jones, Fed, Wedbush Securities, Nvidia, Broadcom, Oracle, Here's

☆ Stock market today: Indexes close mixed as tech stumbles and traders brace for Fed meeting
▼ + stars: | 2024-09-16 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

US stocks ended mixed on Monday ahead of the start of the Fed's two-day policy meeting. The Fed is widely expected to deliver a rate cut of 25 or 50 basis points at the end of its meeting on Wednesday. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementStocks close mixed on Monday as traders and investors prepared for the start of the Federal Reserve's highly anticipated policy meeting. The Federal Open Market Committee, the Fed's rate-setting group, is expected to deliver an interest rate cut at 2 p.m. on Wednesday.

Persons: —, Savita Subramanian, Apple, Morgan Stanley, Z Organizations: Apple, Service, Federal, Market Committee, Bank of America, Tech, Nasdaq, Broadcom, Nvidia, Micro, Micron Technology Locations: Here's

☆ Stock market today: Indexes climb as producer inflation comes in cool
▼ + stars: | 2024-08-13 | by ( Max Adams | ) www.businessinsider.com time to read: +4 min

Stocks were higher on Tuesday after PPI showed wholesale inflation was less than expected in July. Investors are now bracing for the consumer inflation reading due out on Wednesday. AdvertisementUS stocks were up on Tuesday after the producer price index for July showed wholesale inflation rose less than expected. Data from the Bureau of Labor Statistics showed that producer prices increased 0.1% last month compared to estimates of 0.2%. The cooler-than-expected reading should boost optimism for consumer prices to show a decline in inflation when the consumer price index is released on Wednesday.

Persons: —, Chris Zaccarelli, Laxman Narasimhan, Brian Niccol, Elon Musk Organizations: PPI, Investors, Service, Bureau of Labor Statistics, Federal Reserve, Fed, Depot, Bank of America, Starbucks, Trump Media, Elon

☆ Stock market today: Indexes slide to start heavy week of new economic data
▼ + stars: | 2024-08-12 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

US stocks were lower on Monday as investors looked to new economic data due out in the week. This week, markets will get updates on consumer and producer inflation and retail sales for July. The stock market ended last week nearly flat after the biggest sell-off in over two years. On Tuesday, data on wholesale inflation will be released, though the main event for the week will be consumer inflation data on Wednesday with the consumer price index report for July. On an annual basis, inflation is expected to show prices rose 3% last month, in-line with June figures.

Persons: — Organizations: Service, Bank of America Locations: June's

☆ Stock market today: Indexes close mixed before fresh inflation data
▼ + stars: | 2024-08-12 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

New inflation data will arrive on Tuesday with the producer price index report for July. AdvertisementUS stocks wavered on Monday, struggling to keep the rally that materialized at the end of last week going ahead of new inflation data for July. On Tuesday, investors will digest the first of two inflation data points due out this week. The producer price index, a measure of wholesale inflation, is expected to be in-line with the June data at 0.2%. The second update will be the main event, with the consumer price index set to show the rise in inflation faced by the average consumer last month.

Persons: —, Louis Nevallier Organizations: Traders, Service, Fed, Pentagon Locations: Here's, Iran, Israel, Tehran

☆ Stock market today: US indexes try to claw back deep losses after 3-day meltdown
▼ + stars: | 2024-08-06 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

With little data on the horizon, investors will look to Thursday's jobless claims for more clue about the economy. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS stocks rallied on Tuesday as shaken investors looked to claw back some of the losses incurred in a historic three-day rout. Jobless claims on Thursday will be the next clue about the health of the labor market. If weekly claims come in well past the 245,000 estimated by economists, it could spark another decline for stocks.

Persons: —, they're, Ed Yardeni Organizations: Dow, Service, Nasdaq, Bank of America

☆ Stock market today: Stocks waffle after sell-off as traders mull tech weakness and GDP data
▼ + stars: | 2024-07-25 | by ( Max Adams | ) www.businessinsider.com time to read: +4 min

Second-quarter GDP data showed the economy grew at 2.8% in the second quarter, much more than expected. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Traders were assessing tech weakness and hotter-than-expected GDP data for the second quarter. Investors' top concern is slowing tech earnings growth after Tesla and Alphabet both reported disappointing results on Tuesday. Here's where US indexes stood shortly after the opening bell on Thursday:AdvertisementMeanwhile, investors are digesting second-quarter GDP data, which showed the US economy grew by 2.8%.

Persons: Stocks, —, Mike Owens, Dan Ives, Chris Zaccarelli, Brent Organizations: Nasdaq, Service, Traders, Investors, Federal Reserve, Saxo, Microsoft, Google, Apple, Securities, West Texas Locations: China, Here's

☆ Stock market today: Indexes edge higher as traders digest fresh inflation data and bank earnings
▼ + stars: | 2024-07-12 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

US stocks edged higher on Friday after a rough prior session as traders digested new data and earnings. Banks including JPMorgan and Citi kicked off second-quarter earnings season. AdvertisementUS stocks were slightly higher on Friday as new inflation data dropped and big US banks kicked off second-quarter earnings season. Even with Friday's strong PPI, we still believe a September rate cut is in play," Clark Bellin, president and CIO of Bellwether Wealth, said. AdvertisementMeanwhile, big US banks opened up the second-quarter earnings season.

Persons: —, Clark Bellin, Wells Organizations: JPMorgan, Citi, Service, Federal Reserve, Bellwether Locations: Wells Fargo

☆ Stock market today: Dow closes above 40,000 as rally breaks out beyond mega-cap tech
▼ + stars: | 2024-07-12 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Investors cheered the broadening of a 2024 stock-market rally that has been largely concentrated with mega-cap tech names associated with the AI trade. Behind the rally in encouraging data that's paving the way for a rate cut in September. Consumer prices rose less than expected last month, while wholesale inflation was hotter, though only slightly and not enough to derail a coming rate cut, market pros said Friday. The rate-sensitive two-year Treasury note has dropped by about 14 basis points in a week and the 10-year bond is down over eight basis points in that time.

Persons: Dow, Russell, —, Stocks Organizations: Service, Dow Jones, Investors, Reserve, Nvidia Locations: Here's

☆ The inflation report is great news for the prospect of a rate cut
▼ + stars: | 2024-07-11 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

Odds of a cut at the July policy meeting rose, though the strongest odds are still for a September cut. AdvertisementUS stocks edged higher on Thursday after the June consumer price index report showed inflation cooled more than anticipated last month. Odds of a cut at this month's policy meeting edged slightly higher after the CPI report dropped, though the strongest odds are still for a September cut. According to the CME FedWatch Tool, investors see about an 80% chance of a rate cut in September, with odds growing for another cut at either the November or December meeting. "The latest inflation numbers put us firmly on the path for a September Fed rate cut," Seema Shah, chief global Strategist at Principal Asset Management, said.

Persons: —, Seema Shah Organizations: Treasury, Fed, Service, Nasdaq, Federal Reserve, Asset Management

☆ Stock market today: Tech drags indexes lower, small-caps soar after inflation data boosts rate-cut bets
▼ + stars: | 2024-07-11 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

Tech stocks tumbled Thursday, weighing on the broader market after the June CPI report. AdvertisementUS stocks slid on Thursday, weighed down by tech names like Nvidia and Microsoft as the Nasdaq tumbled 2%. Here's where US indexes stood at the 4:00 p.m. closing bell on Wednesday:Inflation clocked in at 3% last month, cooler than expected and marking the second month of encouraging data after a tough first quarter. AdvertisementCommentators were quick to call a September rate cut as all but assured, and the odds of a cut at this month's policy meeting crept up slightly as well. "A September rate cut should be a done deal at this point.

Persons: —, Russell, Ed Yardeni, Ron Temple Organizations: Service, Nvidia, Microsoft, Nasdaq, Federal Reserve, Lazard, Fed

☆ Stock market today: Indexes edge higher, yields fall ahead of the Fed's favorite inflation gauge
▼ + stars: | 2024-06-27 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

Stocks ended Thursday slightly higher ahead of a key update on inflation. PCE for May will be published on Friday morning, providing new hints about when rate cuts may be coming. Chip firms Nvidia and Micron dipped in Thursday's session, though the broader Nasdaq edged higher. Bond yields dipped ahead of the new data, with the 10-year Treasury yield falling about two basis points to 4.292%. "More recent data have moved in the right direction, but not by enough to convince the Fed that inflation is whipped."

Persons: Stocks, —, economy's, Bill Adams, Michelle Bowman, Keith Gill Organizations: PCE, Nvidia, Micron, Nasdaq, Service, Commerce Department, Treasury, Friday's PCE, Federal Reserve, Comerica Bank, Fed, Here's Locations: Friday's, U.S, Chewy

☆ Stock market today: US edge higher amid mixed earnings and ahead of PCE inflation data
▼ + stars: | 2024-06-27 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

Stocks edged higher on Thursday ahead of PCE inflation data set to be released on Friday. Jobless claims rose less that expected last week, with 233,000 people seeking unemployment benefits. AdvertisementUS stocks edged higher on Thursday as traders assessed corporate earnings and waited on new inflation data to help inform rate-cut bets heading into the second half of 2024. AdvertisementOn the macro front, jobless claims were lower than expected, declining by 6,000 to 233,000 for the week ending June 22. Finally, traders are preparing to digest the latest personal consumption expenditures data, which is the Fed preferred inflation measure.

Persons: Walgreen, —, they've, Chris Zaccarelli Organizations: Micron, Service, Nvidia, Walgreens, Federal Reserve, Here's

☆ Stock market today: Record-setting rally stalls as Nvidia slides and economic data softens
▼ + stars: | 2024-06-20 | by ( Max Adams | Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks closed mostly lower Thursday, ending a long streak of gains for the S&P 500 and the Nasdaq. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Nvidia dragged the market lower as the tech giant dropped 3% after rising as much in early morning trading. The S&P 500 climbed above 5,500 for the first time ever on Thursday before dipping back below that level. Advertisement"At the same time, labor market indicators like initial and continued jobless claims are weakening.

Persons: —, Bill Adams Organizations: Nasdaq, Nvidia, Traders, Service, Dow Jones, Comerica Bank

☆ Stock market today: S&P 500 and Nasdaq head for new highs as Nvidia rally pushes on
▼ + stars: | 2024-06-20 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

Nvidia continued to rally after recently claiming the title as the world's most valuable company. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stock averages rose on Thursday, with the S&P 500 and the Nasdaq on track for another record. These easier conditions have at least partly neutralized the effects of the Fed hikes, paving the way for a reacceleration in both economic growth and inflation." Sløk said that easier financial conditions should help continue to offset the effects of tighter Fed policy for at least the next three quarters.

Persons: —, Jerome Powell, Torsten Sløk, Sløk Organizations: Nvidia, Service, Nasdaq, Traders, Microsoft, Federal Reserve Locations: Here's

☆ Stock market today: Stocks edge higher to close at a record after upbeat producer inflation data
▼ + stars: | 2024-06-13 | by ( Max Adams | Filip De Mott | ) www.businessinsider.com time to read: +3 min

US stocks ended mostly higher on Thursday as investors were encouraged by new inflation data. Data showed wholesale inflation rose less than expected in May, a day after CPI showed consumer inflation also slowed. Tesla shares jumped ahead of the results of Elon Musk's pay package vote, while Broadcom soared after earnings. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Meanwhile, Broadcom stock rocketed higher on upbeat earnings and the announcement of a 10-for-1 stock split.

Persons: —, Bill Adams, Elon Musk Organizations: Elon, Broadcom, Service, Federal Reserve, Traders, Bureau of Labor Statistics, Fed, Comerica Bank, BlackRock, Vanguard, Bank of America, Nvidia, Here's

☆ Stock market today: US indexes trade mixed as Nvidia extends rally and investors assess jobs data
▼ + stars: | 2024-06-06 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

Nvidia added to gains a day after it rallied to become the world's second-most-valuable company. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks were mixed on Thursday as the market struggled for direction a day after Nvidia's record-setting gain and ahead of a highly anticipated nonfarm payroll report for May. While that's higher than estimates, it is still historically low, pointing to continued strength in the labor market amid the lowest unemployment rate in decades. On Friday, investors will get a fuller picture of the labor market with the May nonfarm payroll report.

Persons: — Organizations: Nvidia, ECB, Service, Federal Reserve, Apple, Microsoft

☆ Stock market today: US stocks trade mixed ahead of key May jobs report
▼ + stars: | 2024-06-06 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

The stock market rally wobbled on Thursday as indexes traded mixed ahead of the May nonfarm payroll report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Bank of America said last week that a reading of 125,000-175,000 would be a Goldilocks zone that could kickstart a fresh rally in the stock market. On Thursday, JPMorgan strategists laid out the three scenarios that could catalyze a sell-off in stocks this summer, one of which surprise in any upcoming employment report. The retail-trading icon scheduled a live stream on his YouTube channel for Friday, helping to send GameStop stock as much as 41% higher.

Persons: Keith Gill's, —, Chris Zaccarelli, Keith Organizations: GameStop, Service, Bank of America, JPMorgan, YouTube, AMC, Apple Locations: obsessing

☆ Stock market today: US stocks extend losses ahead of new inflation data
▼ + stars: | 2024-05-30 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

Shares of Salesforce dragged the Dow lower after it posted its first revenue miss in nearly 20 years. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS stocks continued a painful slide lower on Thursday as traders turned their attention to upcoming inflation data that could set the tone for the market as it heads into the summer months. ET, both indexes became stuck on several websites, though individual stock prices continued to update normally. Shares of Salesforce dragged the Dow as the stock dropped 20% after it reported its first revenue miss in almost 20 years.

Persons: Stocks, Salesforce, —, Dow, David Russell Organizations: Service, Dow Jones, Dow, Treasury, Global, Barclays, Here's

☆ Stock market today: Sell-off continues as markets digest new data, brace for PCE
▼ + stars: | 2024-05-30 | by ( Max Adams | Matthew Fox | ) www.businessinsider.com time to read: +3 min

Markets are bracing for the release of PCE inflation data on Friday. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Markets are now bracing for the release of personal consumption expenditures data, which is the Fed's preferred inflation measure. Economists expect the data to show inflation in April rose 2.7% year-over-year, while core PCE rose 0.2%, compared to 0.3% in March.

Persons: —, Bill Adams Organizations: Service, Dow Jones, Comerica Bank, Treasury, Fed Locations: Salesforce, Here's

☆ Stock market today: Indexes slide as rising bond yields pressure stocks
▼ + stars: | 2024-05-29 | by ( Max Adams | Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stocks slipped on Wednesday as traders watched the rise in US Treasury yields. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementStocks dipped on Wednesday — with the Nasdaq falling from a record — as investors watched bond yields move higher for a second day this week, with the 10-year Treasury continuing to climb above 4.5%. US bond yields are hovering around the highest level in about four weeks following a weak government bond auction Tuesday, as well as waning rate-cut hopes amid the latest inflation data.

Persons: Stocks, —, Carol Schleif Organizations: Treasury, Marathon Oil, ConocoPhillips, Service, Nasdaq, Federal Reserve, BMO Family Office, American Airlines Locations: PCE, Here's

☆ Stock market today: Dow drops 411 points as yields jump ahead of fresh economic data
▼ + stars: | 2024-05-29 | by ( Max Adams | Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stocks fell on Wednesday ahead of fresh economic data on growth and inflation. A $44 billion auction of seven-year Treasury notes was met with tepid demand. Bond yields spiked for a second day, with the 10-year bond climbing by seven basis points to 4.61%. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On Tuesday, a sale of two and five-year notes was priced to weaker demand from investors.

Persons: Stocks, —, Price Organizations: Service, Dow Jones Industrial, Treasury, Nasdaq, Nvidia

☆ Stock market today: Nasdaq hits record ahead of new inflation data
▼ + stars: | 2024-05-28 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

The Nasdaq hit a record in early trading on Tuesday while other indexes were mixed. Traders are awaiting PCE inflation data on Friday. Markets will also digest housing data and revised GDP numbers for the first quarter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAlso this week, another round of Fed speakers will deliver commentary on the path of the economy, inflation, and interest rates.

Persons: —, Neel Kashkari, Kashkari Organizations: Nasdaq, Traders, Service, PCE, Minneapolis, CNBC, Wedbush, Apple

☆ Stock market today: Nasdaq hits record, Dow tumbles as bond yields spike
▼ + stars: | 2024-05-28 | by ( Max Adams | Filip De Mott | ) www.businessinsider.com time to read: +2 min

The Nasdaq finished at a record while the Dow tumbled. Nvidia soared but the broader market weakened amid a fresh spike in Treasury yields. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks finished mixed on Tuesday, with the Nasdaq at a record but the Dow Jones Industrial Average sliding more than 200 points. Weighing on shares during the session was a jump in Treasury yields as the latest auction was met with lukewarm demand.

Persons: Dow, —, Neel Kashkari, Elon Musk Organizations: Nasdaq, Nvidia, Service, Dow Jones, Federal Reserve, Minneapolis

☆ Stock market today: Dow plunges 605 points as fresh economic data clouds outlook for rate cuts
▼ + stars: | 2024-05-23 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

Nvidia's solid earnings and guidance boosted its stock but the broader market saw a sharp dip. Rate cuts bets faded after services and manufacturing data pointed to still-sticky inflation. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The drop came after new services and manufacturing PMI data topped economists' estimates, hinting at more inflation pressure for the US economy. AdvertisementThursday's data pressured the outlook for rate cuts later this year.

Persons: Dow, — Organizations: Service, Nvidia, Dow Jones, Nasdaq, Treasury, Here's

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