The Dow Jones Industrial Average (DJIA) closed above the key 40,000 level for the first time in history on Friday, rising 134.21 points, or 0.34%, to 40,003.59, after hitting an intraday high in the previous session.
The S&P 500 inched up 6.17 points, or 0.12%, to 5,303.27, while the Nasdaq Composite ended down 12.35 points, or 0.07%, at 16,685.97.
The week ended strong with the Dow up 1.2%, marking its fifth straight weekly gain. The S&P 500 and Nasdaq climbed 1.5% and... (continue reading...)
Investing.com -- Interest rates in the U.S. could remain higher than where they were for much of the last decade as recently-elevated inflation slowly subsides, according to Atlanta Federal Reserve President Raphael Bostic.
Speaking in an interview with Bloomberg Television, Bostic said that borrowing costs, which currently stand at a more than two-decade high, are "slowing things down" in the U.S. economy and helping to deflate some price pressures.
With interest... (continue reading...)
Investing.com -- U.S. stock futures traded marginally higher Monday, retaining a degree of optimism at the start of a new week that offers more clues as to the likely future direction of U.S. monetary policy.
Here are some of the biggest premarket U.S. stock movers today:
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JPMorgan Chase (NYSE: JPM) stock rose 0.7% after the investment bank raised its forecast for net interest income, or the difference between what it makes on loans and pays out on deposits, to $91... (continue reading...)
(Reuters) -The U.S. health regulator has allowed billionaire Elon Musk's Neuralink to implant its brain chip in a second person after it proposed to fix a problem that occurred in its first patient, the Wall Street Journal reported on Monday.
Earlier this month, Neuralink said tiny wires implanted in the brain of its first patient had pulled out of position. Reuters reported last week, citing sources, the company knew from animal testing that the wires... (continue reading...)
(Reuters) - Target will be lowering prices on at least 5,000 frequently shopped products across its assortment ranging from milk to diapers, the big-box retailer said on Monday, as it looks to attract budget-stretched customers.
Still-high food prices and borrowing costs have made cash-crunched customers more conscious of their spending on pricey items and look for cheaper products in stores and online, forcing retailers to lower prices to get more... (continue reading...)
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US import prices increase by the most in two years in April
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Under Armour forecasts underwhelm on patchy demand, unveils restructuring
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Disney has dramatically cut traditional TV spending, CEO says
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Netflix hits 40 million users for ad-supported plan
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US Congress passes broad aviation bill on safety and consumer rights
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Fed's Kashkari: rates should stay on hold 'for a while longer'
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BMO raises S&P 500 price target to 5600
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Biden hikes US tariffs on Chinese imports
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Citi executive in charge of implementing bank's restructuring departs