A trader works, as a screen broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange in New York City, U.S., June 12, 2024. Brendan Mcdermid | Reuters LONDON — European stocks closed lower Thursday as regional investors reacted to … Read more
The S & P 500 and Nasdaq extended their record rallies this week following cooler-than-expected consumer inflation data Wednesday morning. While Fed rate cuts would likely benefit the overall stock market, several names in the CNBC Investing Club portfolio — from housing plays to autos to biotech — could really get a boost. Connecting the … Read more
CHRISTOPHER RUGABER, Associated Press Updated: Jun 12, 2024 / 07:58 AM CDT Unsold 2024 Colorado pickup trucks sit in a row outside a Chevrolet dealership Sunday, June 2, 2024, in Lone Tree, Colo. On Wednesday, June 12, 2024, the Labor Department issues its report on prices at the consumer level in May. (AP Photo/David Zalubowski) … Read more
U.S. Treasury yields fell Wednesday after the Federal Reserve indicated it was making inroads on inflation following a cool May CPI report. The yield on the 10-year Treasury dropped nearly 11 basis points to 4.295%. The 2-year Treasury yield sank 9 basis points to 4.746%. Yields and prices have an inverted relationship and one basis … Read more
President Joe Biden on Wednesday took a victory lap on the latest inflation report, which found that consumer prices did not rise in May over their April levels, marking the first time since 2022 that U.S. month-over-month inflation has remained flat. “Prices are still too high, but today’s report shows welcome progress on lowering inflation,” … Read more
Traders work on the floor of the New York Stock Exchange during afternoon trading on June 03, 2024 in New York City. Michael M. Santiago | Getty Images LONDON — European stocks were higher Wednesday ahead of the latest U.S. Federal Reserve decision and inflation reading. The pan-European Stoxx 600 was 0.53% higher at 9:11 … Read more
LONDON — European stocks fell on Tuesday as investors looked ahead to the Federal Reserve’s next meeting and U.S. inflation data. The Stoxx 600 index closed down 0.9%, paring slight gains earlier in the session. All sectors and major bourses closed in the red, with banks leading losses, down 2.17%. British computing startup Raspberry Pi closed … Read more
Jerome Powell, Chairman of the U.S. Federal Reserve, speaks during the conference celebrating the Centennial of the Division of Research and Statistics, Board of Governors of the Federal Reserve System in Washington D.C., United States on November 08, 2023. (Photo by Celal Gunes/Anadolu via Getty Images) Celal Gunes | Anadolu | Getty Images Wednesday is … Read more
U.S. Treasury yields were higher on Monday as investors looked ahead to the Federal Reserve’s monetary policy meeting and key inflation data due this week. The yield on the 10-year Treasury was up nearly 4 basis points at 4.465%. The 2-year Treasury yield was last 1 basis point higher at 4.883%. Yields and prices move … Read more
Stock price information reflected on a window at the Euronext NV stock exchange in Paris, France, on Monday, March 13, 2023. Nathan Laine | Bloomberg | Getty Images LONDON — European stocks closed lower on Friday, as investors digested fresh U.S. jobs data and the European Central Bank’s latest interest rate commentary. The Stoxx 600 provisionally … Read more
