Government data revealed that U.S. factory-gate prices dropped unexpectedly in August. This suggests that inflationary pressures are not as strong as expected, supporting the argument for the Federal Reserve to lower interest rates at its next meeting. Last month, the producer price index for final demand fell by 0.1%. Experts expected that the monthly number Read More
The Nasdaq composite finished the week at an all-time high, as investors are hopeful that a potential interest-rate cut by the Federal Reserve will continue to boost the market’s growth. The Nasdaq and the S&P 500 index both saw weekly increases of over 1%. The Fed’s board of governors is likely to lower the benchmark Read More
Nasdaq achieved an increase of approximately 0.7%, securing its fourth consecutive record close and reaching its inaugural closing above the 22,000 threshold. On Thursday, market achieved remarkable heights, propelled by the latest inflation data that showed a modest uptick in consumer prices for August, coupled with a surge in jobless claims reaching their highest level Read More
The tech-heavy Nasdaq Composite increased by 80.79 points, representing a 0.4% rise, to finish at 21,879.49. The S&P 500 increased by 17.46 points, representing a 0.3% rise, concluding at 6,512.61. Seven of the 11 broad sectors of the benchmark index finished in positive territory. Utilities Select Sector SPDR advanced 0.7%, Communication Services Select Sector SPDR Read More
The tech-heavy Nasdaq Composite closed at 21,798.70, up 98.31 points, or 0.5%. This marks the highest recorded close of the index in its historical data. The S&P 500 increased by 13.65 points, representing a 0.2% rise, concluding the session at 6,495.15. Six of the 11 broad sectors of the benchmark index finished the day with Read More
The tech-heavy Nasdaq Composite rose 0.7% to a new all-time high. Stocks advanced in early trading Monday as the market aims to continue a rally that has propelled major indexes to a succession of record highs in recent weeks. The S&P 500 was up 0.2% recently, while the Dow Jones Industrial Average experienced a slight Read More
Treasury Secretary Scott Bessent expressed assurance on Sunday regarding the likelihood of President Donald Trump’s tariff plan succeeding at the Supreme Court. However, he cautioned that his agency would need to process substantial refunds if the ruling goes against the plan. He stated that if the tariffs are eliminated, “we would have to issue refunds Read More
The tech-heavy Nasdaq Composite ended the day slightly lower and stocks experienced a modest decline on Friday after reaching record highs earlier in the session, prompted by the release of labor market data that bolstered anticipations of an interest rate cut by the Federal Reserve this month. The Dow Jones Industrial Average declined by 0.5%, Read More
The tech-heavy Nasdaq Composite climbed 1%. Equities increased on Thursday as market participants analyzed the most recent labor market statistics and geared up for the forthcoming release of the eagerly awaited August employment report. The benchmark S&P 500 index surged 0.8% to reach a record high for the first time in a week. The Dow Read More
Technology stocks have regained their leading position. The Nasdaq Composite exhibited notable gains during Wednesday’s trading session, driven by the rising shares of Alphabet and Apple. Alphabet shares experienced a notable increase of 9.1% following Google’s successful navigation of potential antitrust penalties. A U.S. judge permitted the retention of both its Chrome browser and its Read More
