Wall St gains after Friday sell-off, Mideast tensions subside
Some megacap growth stocks edged higher in early trading, with Meta Platforms, Amazon.com and Apple up between 0.6% and 1.5%.
Some megacap growth stocks edged higher in early trading, with Meta Platforms, Amazon.com and Apple up between 0.6% and 1.5%.
A Labor Department report showed the PPI for final demand rose 0.2% in March, against forecasts of a 0.3% increase.
U.S. stocks recorded weekly losses on Friday as traders scaled back expectations on the timing of rate cuts.
Wall Street’s main stock indexes ticked higher, with the blue-chip Dow leading gains in thin trading ahead of crucial economic data.
Nvidia briefly displaced Alphabet as the U.S. stock market’s third most valuable company.
Stocks finished lower after upbeat December U.S. retail sales data eroded expectations the Federal Reserve will kick off its rate-cut campaign as early as March.
U.S. stocks fell on the first trading day of 2024 after investors tempered expectations around interest-rate cuts this year.
American economist Harry Dent made an unfortunate prediction about the markets in the new year, claiming that 2024 will bring forth the “biggest crash of our lifetime.”
Alphabet shares ended 5.3% higher on Thursday as Wall Street cheered the launch of Gemini.
Global equities were higher on Monday in muted trading ahead of the U.S. Thanksgiving holiday later in the week.