See every side of every news story
Get Started
SubscribeLogin
Israel-Hamas Conflict
Democratic Party
US Politics
Republican Party
Donald Trump
Tariffs
Natural Disasters
Stock Markets
Social Media
Tesla
Senate
US Economy
Artificial Intelligence
Published • loading... • Updated

Wall Street boasts record closes as inflation data fuels rate-cut bets

  • The S&P 500 and Nasdaq reached record highs due to lower-than-expected inflation data.
  • The Dow Jones Industrial Average surged 350 points with hopes of a September rate cut by the Federal Reserve.
  • Tech companies like Nvidia, Apple, and Microsoft saw gains, and all three major indexes closed at record highs.
Insights by Ground AI
Does this summary seem wrong?

36 Articles

All
Left
8
Center
14
Right
1
The Korea TimesThe Korea Times

Wall Street rallies to records after inflation slows

Hopes that inflation is finally heading back in the right direction swept through Wall Street Wednesday and ignited a record-setting rally for U.S. stocks.

·Korea, Republic of
Read Full Article
CNBCCNBC

CNBC Daily Open: Wall Street hits record highs as rate cut bets rise on soft inflation data

For the first time this year, inflation cooled more than expected, propelling stocks to record highs.

·United States
Read Full Article
Omaha World-HeraldOmaha World-Herald
+11 Reposted by 11 other sources

Stock market today: Wall Street rallies to new record highs after inflation finally slows

Hopes that inflation is finally heading back in the right direction swept through Wall Street today, igniting a record-setting rally for stocks.

·Omaha, United States
Read Full Article
Star AdvertiserStar Advertiser

How Boeing could face the criminal prosecution it avoided in 2021 | Honolulu Star-Advertiser

The U.S. Justice Department said Boeing breached its obligations under a 2021 agreement that kept the planemaker from criminal prosecution following fatal 737 MAX crashes in 2018 and 2019 that killed 346 people.

·Honolulu, United States
Read Full Article
ReutersReuters

Wall Street boasts record closes as inflation data fuels rate-cut bets

The benchmark S&P 500 and the Nasdaq notched record closes on Wednesday, with both advancing more than 1%, after a smaller-than-expected rise in consumer inflation bolstered hopes for interest rate cuts by the Federal Reserve.

·United Kingdom
Read Full Article
SooToday.comSooToday.com
+5 Reposted by 5 other sources

Stock market today: Wall Street rallies to records after inflation finally slows

NEW YORK (AP) — U.S. stocks rallied to records on hopes that inflation is heading back in the right direction. The S&P 500 jumped 1.2% Wednesday to top its prior all-time high set in March. The Nasdaq composite added 1.

·Sault Ste. Marie, Canada
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 61% of the sources are Center
61% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Associated Press News broke the news in United States on Wednesday, May 15, 2024.
Sources are mostly out of (0)

Similar News Topics

Europe

Europe

Business

Business

European Economy

European Economy

Wall Street

Wall Street

US Economy

US Economy

Rallies

Rallies

International

International

You have read out of your 5 free daily articles.

Join us as a member to unlock exclusive access to diverse content.

News
For You
Search
BlindspotLocal