U.S. stocks ticked to more records ahead of a week with several top-tier reports on inflation due, as well as the Federal Reserve’s latest meeting on interest rates
U.S. stocks ticked to more records Monday ahead of a week with several top-tier reports on inflation due, as well as the Federal Reserve’s latest meeting on interest rates. The Standard & Poor's 500 index rose 13.80 points, or 0.3%, to 5,360.79 and topped its all-time high set last week. The Nasdaq composite also set a record after rising 59.40 points, or 0.3%, to 17,192.53, while the Dow Jones industrial average gained 69.05 points, or 0.2%, to 38,868.04.
consumer spending, the heart of the economy, there is a sharp divide between lower-income households struggling to keep up with still-high inflation and higher-income households doing much better. “Bottom line, the data remains mixed, leaving all of the major macro outcomes still on the table for this year,” according to Morgan Stanley strategists led by Michael Wilson.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street Journal: Auction Citizenships Worldwide to Fund Federal GovernmentSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Fed officials aren’t easing Wall Street’s nervesEarlier this week, some officials at the Federal Reserve said they’re no longer worried about inflation reaccelerating, after data showed that progress stalled in the first quarter. Optimism spurred by the latest inflation data pushed all three major stock indexes to new record highs. But now Wall Street, eager for rate cuts, is on edge again.
Read more »
FOMC reaction: Wall Street discusses what will the Fed do nextFOMC reaction: Wall Street discusses what will the Fed do next
Read more »
CNBC Daily Open: New highs on Wall Street, Fed's Waller says rate cuts months awayFederal Reserve Governor Christopher Waller said he does not think further rate increases are necessary, but he will need convincing before backing any rate cuts.
Read more »
Main Street or Wall Street: Who Has the Correct Market Prespective?Stocks Analysis by Jeffrey Roach covering: S&P 500, Target Corporation. Read Jeffrey Roach's latest article on Investing.com
Read more »
Real Street: A Variation of Pro Street for Cars That Will See Real Street MilesFrom the September 1987 issue of HOT ROD: A five-point plan that's a cross between Pro Stock looks and European GT road race car durability and driveability.
Read more »