Dow Tops 40,000 May 16, 2024 10:32AM

Dow Tops 40,000

S&P 500 barely changes as investors hold tight ahead of inflation data May 13, 2024 06:07AM

By Sinéad Carew and Sruthi Shankar

(Reuters) -The S&P 500 closed very slightly lower on Monday as investors took a breather after three weekly gains while they awaited key inflation readings and earnings reports due this week while a survey showed consumers concerned about inflation.

A Federal Reserve Bank of New York survey, released on Monday, found that Americans see inflation at 3.3% a year from now from March’s 3% while they expect... (continue reading...)

Wall Street closes up, another weekly gain ahead of inflation data May 10, 2024 06:23AM

By Stephen Culp

NEW YORK (Reuters) -U.S. stocks eked out modest gains on Friday and all three indexes posted another weekly advance as investors parsed comments from Federal Reserve officials and looked ahead to crucial inflation data next week.

The S&P 500 and the Dow were modestly higher and the Nasdaq ended essentially unchanged. All three indexes were up for the week with the blue-chip Dow nabbing its largest Friday-to-Friday percentage... (continue reading...)

Wall Street ends higher as Fed signals dovish bias; jobs report eyed May 2, 2024 06:24AM

By Stephen Culp

NEW YORK (Reuters) -U.S. stocks rallied on Thursday as investors weighed the Federal Reserve's more dovish-than-expected interest rate guidance on Wednesday against a plethora of mixed earnings and economic data.

All three indexes ended in positive territory.

The tech-heavy Nasdaq led the way, advancing 1.5% with healthy boost from chip stocks after Qualcomm reported quarterly sales and profit above analysts'... (continue reading...)

Wall Street shares close up as megacap tech stocks rally Apr 26, 2024 06:04AM

By Chibuike Oguh

NEW YORK (Reuters) -U.S. stocks closed higher on Friday, buoyed by a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft in addition to moderate inflation data.

Investors cheered Alphabet's first-ever dividend, its $70 billion stock buyback program, and better-than-expected first-quarter results. Its shares jumped 10% and reached a record high, lifting the... (continue reading...)

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