Stocks ended Friday at a record level as investors shrugged off a key inflation report ahead of the Federal Reserve’s final policy-setting meeting of the year next week. The S&P 500 jumped nearly 1{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} to log a record closing high. The Dow gained more than 200 points, or 0.6{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a}, while […]
inflation
By MARTIN CRUTSINGER, AP Economics Writer WASHINGTON (AP) — Many parts of the country were hit by supply chain disruptions and labor shortages in November, the Federal Reserve reported Wednesday. In a survey of business conditions around the country, the Fed’s 12 regional banks found that the economy continued to […]
Stocks turned lower Wednesday afternoon as more hawkish remarks from Federal Reserve Chair Jerome Powell compounded with concerns around the Omicron variant and its impacts on the economy. The S&P 500, Dow and Nasdaq each erased earlier gains to dip into the red. The Centers for Disease Prevention and Control […]
The S&P 500 and Nasdaq gained on Wednesday as technology stocks recovered some recent losses, with investors digesting a deluge of economic data before a holiday market closure. Investors considered new Labor Department data showing weekly initial jobless claims fell far more than expected to their lowest level since November […]
Stocks extended losses on Wednesday, retreating from this week’s record highs with investors fixing their attention on a key inflation report that showed a greater-than-expected jump in consumer prices last month. The S&P 500 Index is coming off its first session of losses following eight straight days of gains, with […]
Wall Street was mixed Thursday, with investors grappling with the implications of inflation that has soared to its highest in decades, and third-quarter earnings that are starting to show signs of slowing growth. The S&P 500 was rose after back-to-back sessions of losses. The Nasdaq outperformed, with some of Wednesday’s […]