Wall Street closes up on tech boost; inflation data dents hopes for big Fed rate cut
All three major U.S. stock indexes closed higher on Wednesday with a boost from the technology sector offsetting investor disappointment at an early morning inflation report, which crushed hopes the Federal Reserve would cut interest rates by 50 basis points next week.
Our top story so far. Retail inflation hit its lowest level in 3-1/2 years, but a slightly higher measure of prices for food ...
Wall Street's main indexes opened higher on Tuesday ahead of key inflation data later this week that could firm up bets on ...
With the S&P 500 trading less than 1% below its record highs, there's plenty to be bullish about on Wall Street. Inflation is falling back to the Federal Reserve's long-term target, interest ...
Tuesday's retail sales report serves as one of the final economic data points as the Federal Reserve mulls how much it will cut interest rates on Wednesday.
Wall Street's main indexes fell on Wednesday after latest inflation numbers hit expectations of a bigger interest rate cut by ...
Wall Street reversed an earlier sell-off to close higher as inflation data suggested a smaller rate cut by the Federal ...
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