Shares of Home Depot (NYSE: HD) were moving higher today after the core Consumer Price Index (CPI) was lower than expected for December. The news lifted stocks broadly, as falling inflation is good for the economy on a number of fronts,
Wall Street's main indexes fell on Tuesday as investors turned their attention to upcoming inflation data and quarterly earnings reports, which are expected to provide insights into the health of the U.
Stocks rallied on January 15, following an encouraging consumer price index (CPI) report that indicated a slowdown in core inflation and strong earnings from major U.S. banks.
US stocks jumped on Wednesday after consumer price data showed inflation continues to slow. Strong bank earnings also helped lift sentiment.
Investors looked ahead to the release of December’s CPI data and the start of the fourth-quarter earnings season.
The consumer-price index came in relatively hot, rising 2.9% over the year, the Labor Department. But the so-called core CPI, which excludes volatile food and energy prices, rose 0.2% from a month earlier, its smallest gain since July and less than the 0.3% increase expected by economists.
Better-than-expected Core CPI for December led to a sharp fall in US Treasury yields as stocks gained premarket, boosted by phenomenal banking results.
Yields and prices move in opposite directions. Bond yields took a leg down Wednesday morning after core inflation in the consumer price index, which excludes volatile food and energy prices, slowed to 3.2% on an annualized basis in December. That's ...
Wall Street paused for a breather on Friday, with the S&P 500 index hovering around the flatline at midday trading in New York after a five-day rally that pushed the market to fresh record highs this week.
The Price to Earnings (P/E ... Source: FactSet Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays.
After years of struggle, Verizon’s (NYSE: VZ) turnaround is gaining traction and driving shareholder value. Its push to build the most substantial 5G network in North America is paying off with increased share,
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