Stock market today: Stocks end turbulent week lower after another hot inflation report | Feb16, 2024
#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto
To get the latest market news check out finance.yahoo.com
US stocks closed lower on Friday after another hotter-than-expected inflation reading undermined the case for interest rate cuts.
The S&P 500 (^GSPC) dipped 0.5% in the wake of another record closing high. The Dow Jones Industrial Average (^DJI) fell 0.4%. The tech-heavy Nasdaq Composite (^IXIC) dropped 0.8%.
The Producer Price Index, a key gauge measuring wholesale inflation, jumped 0.3% in January from the prior month, compared with the 0.1% rise expected by economists.
The market was on a rollercoaster ride this week as a series of mixed data prompted investors to keep reassessing their view of the US economy, Federal Reserve policy thinking, and the timing of interest rate cuts.
The Dow sank 500 points just a day after notching an all-time high as a surprisingly hot consumer inflation report spurred a rout earlier this week.
Stocks have made up their deep losses after a steep decline in retail sales, putting weekly wins within reach for the Dow and the S&P 500.
In earnings-related moves, Coinbase (COIN) shares surged over 14% after the crypto exchange posted its first quarterly profit in two years. Applied Materials' (AMAT) stock price jumped over 9% as investors welcomed signs of a chip sector rebound in the machinery maker's upbeat forecast.
For more on this article, please visit:
https://finance.yahoo.com/news/stock-market-today-stocks-end-turbulent-week-lower-after-another-hot-inflation-report-210025831.html
Видео Stock market today: Stocks end turbulent week lower after another hot inflation report | Feb16, 2024 канала Yahoo Finance
To get the latest market news check out finance.yahoo.com
US stocks closed lower on Friday after another hotter-than-expected inflation reading undermined the case for interest rate cuts.
The S&P 500 (^GSPC) dipped 0.5% in the wake of another record closing high. The Dow Jones Industrial Average (^DJI) fell 0.4%. The tech-heavy Nasdaq Composite (^IXIC) dropped 0.8%.
The Producer Price Index, a key gauge measuring wholesale inflation, jumped 0.3% in January from the prior month, compared with the 0.1% rise expected by economists.
The market was on a rollercoaster ride this week as a series of mixed data prompted investors to keep reassessing their view of the US economy, Federal Reserve policy thinking, and the timing of interest rate cuts.
The Dow sank 500 points just a day after notching an all-time high as a surprisingly hot consumer inflation report spurred a rout earlier this week.
Stocks have made up their deep losses after a steep decline in retail sales, putting weekly wins within reach for the Dow and the S&P 500.
In earnings-related moves, Coinbase (COIN) shares surged over 14% after the crypto exchange posted its first quarterly profit in two years. Applied Materials' (AMAT) stock price jumped over 9% as investors welcomed signs of a chip sector rebound in the machinery maker's upbeat forecast.
For more on this article, please visit:
https://finance.yahoo.com/news/stock-market-today-stocks-end-turbulent-week-lower-after-another-hot-inflation-report-210025831.html
Видео Stock market today: Stocks end turbulent week lower after another hot inflation report | Feb16, 2024 канала Yahoo Finance
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Halliburton posts earnings beat, raises dividendNeon Money Club's advice for aspiring entrepreneursKey takeaways from the Fed's momentous 50 point cutMarkets: ‘There is always a chance’ for a Santa Claus rally, strategist saysLIVE: Technology Industry Stakeholders testify on digital trade rulesBiotech stock plays outside of GLP-1 weight-loss marketStocks end banner week with big gains as jumbo Fed cut odds riseHearings to examine how scammers are stealing from older adultsFed Chair Powell signals rate hike forecasts are for slow growth, softening labor marketAnalyst outlines best options market plays post-triple witchingWhy Moderna's delayed break-even goal may not even be possibleTake a barbell approach to Mag 7, tech stocks: Citi strategistWhat the Fed rate cut means for your mortgage #shortsCompanies that invested in their workforce were 'more resilient' during COVID: JUST CEOThe Fed cut rates. So how is the market expected to move?Investors uncertain of big capex spending on AI: AnalystDow ekes out another record amid winning week for stocksBoeing's back 'against the wall' amid union strike: ExpertThe housing market's supply problem and where the Fed fits inWeight-loss drug pricing under scrutiny by lawmakersStocks turn lower as energy sector falls 2%