Federal Reserve Chairman Jerome Powell has predicted that inflation in the United States could return to the central bank’s 2% target by the end of 2025 or the following year, although he has indicated that policymakers “will take their time” before implementing possible interest rate cuts. Powell, who was speaking at a panel discussion held […]

U.S. stocks declined on Tuesday, losing ground from record levels ahead of a speech by Federal Reserve Chairman Jerome Powell. Wall Street’s major indices closed Monday’s trading day higher, with the S&P 500 gaining 0.3% and the Dow Jones Industrial Average rising 0.1%, while the NASDAQ Composite rose 0.8% to close at record levels, supported […]

U.S. stocks rose on Monday, as investors awaited further clues about interest rates from a series of Federal Reserve officials and crucial market readings during this holiday-shortened week. The major indices are poised to start a new week with gains, recovering from Friday’s losses but continuing the positive tone seen last quarter as the second […]

Next Friday’s U.S. jobs report will mark the climax of a holiday-shortened week as markets try to clear uncertainty over the exact date when interest rate cuts could begin. Comments from Federal Reserve Chairman Jerome Powell will be closely watched, as will the minutes of the U.S. central bank’s last meeting on Wednesday. Also, elections […]

U.S. stock indices were mostly higher on Wednesday, following a rally in the technology industry led by market favorite Nvidia. Wall Street experienced fluctuations on Tuesday, with the S&P 500 up 0.4% and the NASDAQ Composite up 1.3%, ending three days of declines, boosted by a rebound in Nvidia shares. In contrast, the 30-stock Dow […]

U.S. stock index futures and equities were mostly higher on Tuesday, showing signs of recovery after the general sell-off in technology stocks earlier in the week. Wall Street shows signs of recovery after Nvidia losses The technology sector is showing signs of recovery Tuesday after taking a big hit last session, when the NASDAQ Composite […]

U.S. stocks rose on Monday and remained near all-time highs, as investors awaited key inflation data this week to provide further clues about interest rates. The previous week, the major indices closed weaker after the release of stronger-than-expected purchasing managers’ index readings, which increased concerns that the U.S. economy would remain robust, giving the Federal […]

U.S. stocks rose on Thursday, with the technology industry leading the way ahead of the release of employment and housing-related economic data. The major indices are shaping up for a positive week, with the S&P 500 and the NASDAQ Composite hitting new records on Tuesday, thanks to earnings from market darling Nvidia (NVDA).  The stock […]

U.S. stocks were trading slightly higher on Tuesday ahead of the release of key retail sales data, a major driver of the U.S. economy. The major indices closed Monday’s trading day higher, with the Dow Jones Industrial Average up just under 190 points, or 0.5%, the S&P 500 up 0.8% and the Nasdaq Composite rising […]

U.S. stocks rose on Wednesday, supported by stronger-than-expected May inflation data before the end of the Federal Reserve’s latest policy meeting. Fed meeting and CPI data U.S. consumer prices increased less than expected on an annual basis in May, as the consumer price index rose 3.3% over the prior year, slowing only slightly from April’s […]