Economists are weighing in after US consumer prices came in hotter than expected in March. The general consensus? Don’t expect rate cuts anytime soon. “Today’s crucial CPI print has likely sealed the fate for the June FOMC meeting with a cut now very unlikely,” Seema Shah, chief global strategist at Principal Asset Management, said in
More viewers are cutting the cord in favor of less expensive streaming packages. But Alphabet-owned YouTube (GOOG, GOOGL) has seen success by mimicking the one thing consumers seem to be ditching. YouTube TV, the internet pay-TV service that allows viewers to watch live channels and access local broadcast networks like ABC, CBS, FOX, and NBC,
Stocks nudged higher on Friday, headed for a reprieve from losses as jittery investors digested the crucial monthly jobs report and kept one eye on surging oil prices. The Dow Jones Industrial Average (^DJI) put on roughly 0.1%, or 20 points, while the S&P 500 (^GSPC) added 0.3% on the heels of its worst single-day
US stocks moved higher on Tuesday as markets looked to continue a record-setting run that has become the story on Wall Street during the first quarter of the year. The S&P 500 (^GSPC) rose about 0.3%, while the Dow Jones Industrial Average (^DJI) edged higher by roughly 0.1%. The tech-heavy Nasdaq Composite (^IXIC) led the
US stock futures were pointing to a higher open Tuesday as stocks looked to continue a record-setting run that has become the story on Wall Street during the first quarter of the year. Futures on the S&P 500 (^GSPC) rose nearly 0.4%, while those tied to the Dow Jones Industrial Average (^DJI) edged higher by
By Chuck Mikolajczak NEW YORK (Reuters) – The Dow and S&P 500 slipped on Monday, the first session after the biggest weekly percentage gains for the indexes this year, as investors assessed the likely path of interest rates from the Federal Reserve ahead of key inflation data due later in this holiday-shortened week. Last week,
A furious rally on Wall Street to start 2024 took a breather at the beginning of the final week of the year’s first quarter. The S&P 500 (^GSPC) fell 0.3% while the the Dow Jones Industrial Average (^DJI) dipped a modest 0.2%. The tech-heavy Nasdaq Composite (^IXIC) plopped 0.6% after the index set another record
Citi analyst Ron Josey is sticking with on his bullish call on Zillow (Z) stock. In a recent client note, Josey reiterated a Buy rating on the stock with a price target of $68 in the wake of last week’s groundbreaking $418 million settlement from the National Association of Realtors that settled lawsuits regarding its
By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street’s main indexes rose on Monday, with a rally in megacap growth stocks such as Alphabet and Tesla supporting a rebound in technology-heavy Nasdaq while investors also waited for the U.S. Federal Reserve’s meeting this week. Growth stocks were outperforming, with Alphabet gaining 4.8% after a
Over long periods, Wall Street has demonstrated that it’s a wealth-building machine. But over shorter timelines, it’s also proven to be unpredictable and quite volatile. Over the previous four years, Wall Street’s major stock indexes have alternated between bear and bull markets in successive years. These swings have been especially noticeable for the growth stock-driven