St. Louis Federal Reserve President James Bullard said he expects the first interest rate increase the Fed could make could come as soon as 2022
The readings have investors wondering if the Fed may come out of its meeting Wednesday with any indication it is tweaking its go-slow approach.
London and Frankfurt opened higher while Tokyo also gained.
Meme stocks flit between gains and losses; Boeing gains on possible UAL order
Prices paid by US consumers rose in May by more than forecast, extending a months-long buildup in inflation that risks becoming more established as the economy strengthens
Wall Street's main indexes opened unchanged on Monday as investors remained on the fence ahead of key inflation data later this week
AMC's stock rose just over 83% this past week
Expectations of spending from Washington on bridges, roads, and tunnels bolstered so-called value stocks, especially the industrials and materials sectors
The Labor Department's closely watched report showed nonfarm payrolls increased by 559,000 jobs last month, helped by vaccinations and a reopening economy
Asian shares mostly slipped Friday, dragged lower by a decline in technology stocks on Wall Street. Benchmarks fell in Tokyo, Seoul, Shanghai and Hong Kong but rose in Sydney. Traders are awaiting the US government's latest monthly jobs report, expected later Friday. Unemployment data announced Thursday was encouraging. But while an improved jobs market suggests the economy is gaining momentum after the pandemic, investors are keeping a close eye on signs of inflation, which especially hurts the tech sector. The benchmark S&P 500 index dropped 0.4 per cent on Thursday and is on track for a 0.3 per cent weekly loss. Japan's benchmark Nikkei 225 slipped 0.4 per cent to 28,937.79. South Korea's Kospi lost 0.3 per cent to 3,238.40, while Australia's S&P/ASX 200 rose 0.5 per cent to 7,295.40. Hong Kong's Hang Seng fell 0.3 per cent to 28,873.65 and the Shanghai Composite edged 0.1 per cent lower, to 3,581.55. Asian markets will likely be in a holding pattern on Friday, Prakash ...
The U.S. 10-year Treasury yield ticked up to 1.6% after ADP national employment data showed U.S. private payrolls increased by 978,000 in May
(Reuters) - The S&P 500 was little changed on Wednesday ahead of key U.S. economic data due later in the week as investors weighed inflation concerns and a fresh surge in so-called "meme stocks."
Data showed US manufacturing activity picked up in May as pent-up demand in a reopening economy boosted orders.
(Reuters) - Wall Street's main indexes opened higher on Friday as investors shrugged off data showing a jump in inflation, although recent worries about a spike in prices kept the S&P 500 on course for its smallest monthly gain since February.
(Reuters) - The Dow and the S&P 500 opened higher on Thursday after data showing fewer weekly jobless claims pointed to an improving outlook for the U.S. economy.
the Wall Street bosses frequently found themselves under fire from both sides of the aisle, Democrats and Republicans
Wall Street's main indexes opened higher on Tuesday, buoyed by gains in technology-related mega caps as inflation worries ebbed and U.S. bond yields eased for the fourth straight day.
Asian shares climbed in early trade on Tuesday, tracking a Wall Street rally overnight, while the dollar held near a fourth-month low as investors tempered fears about inflation-driven rate hikes
Investors also geared up for key inflation readings later this week
Wall Street's main indexes opened higher on Friday, extending a recovery from the previous session, as attention shifted to business surveys at the end of a volatile week of trading.