Wall Street's major indexes rose on Tuesday, with the S&P 500 and Nasdaq hitting record highs, gaining 1.1% and 1.4% respectively, after July's inflation data largely met expectations.
The Consumer Price Index increased 0.2% month-over-month and 2.7% year-over-year, easing concerns about rising prices amid ongoing trade tensions. This bolstered expectations for a Federal Reserve rate cut next month, with traders pricing in about a 90% chance of a 25-basis-point reduction in September.
The Dow climbed 483 points, supported by easing trade tensions after President Trump extended a 90-day tariff pause on Chinese goods, and by strong corporate earnings, including a 1.2% rise in Circle Internet Group on robust Q2 revenue.
Intel surged 5.5% following Trump's praise of CEO Lip-Bu Tan, while Meta gained 3.1% and Alphabet added 1.2%. Investor sentiment was further lifted by the largest inflows into US equities in two years and optimism ahead of the Fed's Jackson Hole meeting later this month
Source: Trading Economi
US stocks traded higher on Tuesday, with the three major averages up about 0.5%, as the latest CPI report bolstered expectations of a Fed rate cut next month. Headline annual inflation held at 2.7% in...
European stocks traded higher on Tuesday (August 12th), with the STOXX 50 and STOXX 600 rising nearly 0.3%, recovering from a sluggish session the previous day, as traders welcomed the extension of th...
Stocks in the US slipped on Monday as traders braced for a busy week of economic data and geopolitical developments. The S&P 500 closed 0.2% lower, the Dow Jones fell 199 points, and the Nasdaq 10...
US President Donald Trump, in his speech on Monday night (August 11th), expressed his determination to "liberate" Washington D.C. from crime, violence, and social problems that he said had been left u...
Wall Street stocks opened mixed on Monday, ahead of the crucial release of US inflation data and the approaching deadline for the interim tariff reduction agreement between Washington and Beijing. Mi...
US Treasury Secretary Scott Bessent gave an interview with Fox Business late Tuesday, touching on various policy topics both at home and abroad. According to Bessent, the US Supreme Court will be swayed on tariff rulings based on how much...
The EUR/USD rises during the North American session, following the release of mixed inflation figures in the United States (US) and US President Donald Trump's threats to sue the Fed Chair Jerome Powell. At the time of writing, the pair edges up...
Increasing revenues flowing into U.S. government coffers from tariffs would make it difficult for the Supreme Court to rule against the Trump administration on the issue if a lower court case makes its way to country's top court, U.S. Treasury...
On April 6, the Sunday after Donald Trump announced the "Liberation Day" tariffs, Treasury Secretary Scott Bessent joined the president on his...
US President Donald Trump, in his speech on Monday night (August 11th), expressed his determination to "liberate" Washington, D.C., from crime,...
U.S. President Donald Trump on Monday said he hopes China will "quickly quadruple" its soybean orders from American farmers, framing the move as a...
From McDonald's and Coca-Cola to Amazon and Apple, U.S.-based multinationals are facing calls for a boycott in India as business executives and...