Jim Smigiel, chief investment officer at financial-services firm SEI, weighed in on the U.S. outlook by saying "we see too many potential outcomes leading to a reacceleration in inflation and higher ...
Most of the meaningful progress in inflation appears to be "behind us at this stage" and price gains "may remain sticky at levels higher than the Federal Reserve would ideally like," said Rick Rieder, ...
A move back towards, and below, 5,700 would be the breaking point for stocks as earnings season gets rolling. It would put ...
One of the biggest questions about the relief rally in stocks triggered by Wednesday's softer-than-expected monthly core CPI reading for December is how much longer it can possibly last. As ...
Wall Street finally has something to celebrate after starting the new year on a dour note. Wednesday’s sharp rally in the U.S. stock market triggered a sudden slide in Wall Street’s “fear gauge,” ...
U.S. stocks were jolted higher on Wednesday by a powerful relief rally sparked by tumbling Treasury yields and positive tones on the inflation front ahead of President-elect Donald Trump's ...
The cost of shelter - namely rent and home prices - has been the biggest inflation bugaboo for the Federal Reserve in the past few years. But it appears the tide is finally turning. Shelter costs, ...
U.S. stocks remained sharply higher in Wednesday's afternoon trading in New York, with all three major indexes on course for their best CPI-release day since at least November 2023. The Dow Jones ...
Stocks soared Wednesday as investors digested strong earnings reports from several large financial services companies and highly anticipated inflation numbers that came in softer than expected.
XRP’s price hit an all-time high on Wednesday, potentially opening a path for the cryptocurrency to reach as high as $4.40, one technical analyst said. The third-largest crypto by market ...
The S&P 500 SPX currently boasts a forward price-to-earnings ratio of 21.4 times expected 2025 profits. That has come down a touch from its recent peak late last year, but it remains right around the ...
Wall Street sees best CPI day since at least late 2023; Goldman Sachs and JPMorgan kick off the new earnings season ...