Initial jobless claims jumped to their highest level since last summer, while core producer prices were unchanged, increasing the chances of a Federal Reserve rate cut in September. The S&P 500 fell in Thursday morning stock market action. X While the Fed’s new forecasts on Wednesday signaled the likelihood of a single rate cut this … Read more
U.S. stocks traded mixed on Thursday, with the S&P 500 holding close to its record high as investors weighed the dual pull of cooling inflation and a Federal Reserve retreat on interest rate cuts. The S&P 500 (^GSPC) fell below the flat line as the benchmark hit 5,400 to close at a new all-time high. … Read more
Dow Jones futures fell modestly early Thursday, while S&P 500 and Nasdaq futures rose. Broadcom (AVGO) bounced overnight from strong earnings and a big stock split. Tesla ( TSLA ) emerged as Elon Musk says he expects to win his $56 billion payday vote. X Stock market gains were boosted Wednesday morning by softening CPI … Read more