Author: Investing

The Dow and S&P 500 closed at new record highs Thursday, notching its best first-quarter performance since 2009 as the rally broadened out beyond tech amid optimism on rate cuts and data signaling a soft landing for the economy remains within in reach.  At 16:00 ET (20:00 GMT), Dow Jones Industrial Average rose 47 points, or 0.1% to a record close of 39,807.37. The S&P 500 rose 0.1% to a fresh record close of 5,254.35. While NASDAQ Composite fell 0.2%. For Q1, the S&P 500 gained about 10%, its best first-quarter gain since 2019, while the Dow rose nearly 6% to notch its best performance since 2021. Q4 GDP…

Source : Investing.com — U.S. stock index futures moved broadly higher on Tuesday, as investors reacted to a faster-than-anticipated U.S. inflation reading. Headline U.S. consumer price growth accelerated in February, while the underlying measure was faster than anticipated, The annualized reading of the closely-watched consumer price index increased by 3.2% last month, quicker than estimates that it would remain at a pace of 3.1% notched in January. The year-on-year core figure, which strips out volatile items like food and fuel, cooled to 3.8% from 3.9%, but was still slightly above projections of 3.7%. Month-on-month, the overall consumer price index rose…

Investing.com – U.S. stocks were lower after the close on Friday, as losses in the Technology, Consumer Services and Basic Materials sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average declined 0.18%, while the S&P 500 index fell 0.65%, and the NASDAQ Composite index declined 1.16%. The best performers of the session on the Dow Jones Industrial Average were 3M Company (NYSE:MMM), which rose 1.41% or 1.31 points to trade at 93.93 at the close. Meanwhile, Cisco Systems Inc (NASDAQ:CSCO) added 1.23% or 0.60 points to end at 49.50 and Apple Inc (NASDAQ:AAPL) was up…

Investing.com – European stock markets traded in subdued fashion Friday, as investors awaited the release of the widely-watched monthly U.S. jobs report in the latest European Central Bank meeting. At 03:05 ET (08:05 GMT), the DAX index in Germany traded 0.2% lower, the FTSE 100 in the U.K. dropped 0.2%, while the CAC 40 in France traded 0.1% higher. ECB rate cuts under discussion The European Central Bank left interest rates unchanged at record highs, as expected, on Thursday, but acknowledged that inflation is easing faster than it previously expected, potentially opening the way for rate cuts later this year.…