US STOCKS-Wall Street posts weekly gains with earnings, inflation data on tap
- Wall Street ended higher on Friday, October 9, as investors shifted focus to next week's third-quarter earnings season and inflation data expected to influence Federal Reserve policy decisions.
- Consumer sentiment soured this month according to the University of Michigan, a significant concern since American consumers shoulder about 70% of the U.S. economy.
- Humana jumped 11.6% after government data showed 95% of its members in Medicare Advantage plans rated four stars or higher, while telecom firms T-Mobile, AT&T, and Verizon dropped between 8.8% and 13.3%.
- Apple shares slid 1.1% after reports indicated the company told suppliers to cut production for its newly launched iPhone 18 Pro and iPhone 18 Pro Max amid rising memory chip costs.
- Crude oil settled up 0.4% after President Donald Trump stated the U.S. will not attack Iran before midterm elections, calling talks with Tehran "productive.
38 Articles
38 Articles
Wall Street posts weekly gains as focus shifts forward
NEW YORK — Wall Street ended higher Friday as investors shifted their focus to next week, with third-quarter earnings season set to start and inflation data expected, which could shed light on the Federal Reserve's next policy decision.
Wall Street posts weekly gains with earnings on tap
NEW YORK — Wall Street ended higher Friday as investors shifted their focus to next week, with third-quarter earnings season set to start and inflation data expected, which could shed light on the Federal Reserve's next policy decision.
The New York stock market closed higher on the 10th (local time), driven by a rebound in tech stocks and expectations of increased supply of Russian diesel. The Dow Jones 30 Industrial Average finished the day at 51,654.95, up 423.31 points (0.83%) from the previous close. The S&P 500 rose 46.18 points (0.59%) to 7,811.54, while the Nasdaq Composite rose 172.83 points (0.64%).
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