US EditionWall Street Hits Records Following an Encouraging Update on Inflation
The Dow surged 472 points on optimism from inflation easing and expectations of Federal Reserve interest rate cuts supporting the slowing job market.
- On Friday, U.S. stocks hit records after an inflation update came in a bit less painful than feared, with the Dow Jones Industrial Average rising 472.51 to 47,207.12 and the Nasdaq composite climbing to 23,204.87.
- In recent weeks, markets reacted to shifting inflation signals and policy moves as encouraging inflation data could mean less pain for lower- and middle-income households after the Federal Reserve cut rates last month.
- Corporate profit beats and AI-driven strength from Alphabet, Google's parent company, and Nvidia lifted indexes as Ford Motor jumped 12.2% after topping profit expectations.
- The 10-year Treasury yield edged down to 3.99% from 4.01% on Friday as traders bet on near-certain Fed cuts at the next two meetings, including one next week.
- Worries about bank loan quality emerged as banks characterized recent hiccups as one-offs, while markets faced pressure from President Donald Trump's tariff threats and criticism that stocks outpaced profits.
15 Articles
15 Articles
Wall Street Review: Dow Surges Past 47,000 Amid Strong Earnings, Lower-Than-Expected Inflation
Stocks extended their rally this week, with major indexes climbing to new highs as investors welcomed strong corporate earnings and lower-than-expected inflation data, reinforcing expectations of lower interest rates ahead. The Dow Jones Industrial Average rose by 2.2 percent for the week to close at 47,207, briefly touching a record high on Oct. 24. The S&P 500 Index climbed by 1.92 percent to 6,791, and the Nasdaq Composite Index advanced by 2…
Wall Street hits records following an encouraging update on inflation - Boston News, Weather, Sports
NEW YORK (AP) — U.S. stocks hit records on Friday after an update on inflation came in a bit less painful than feared. The S&P 500 rose 0.8% and topped its prior all-time high, which was set earlier this month. The Dow Jones Industrial Average rallied 472 points, or 1%, and the Nasdaq composite climbed 1.1%. Both also set records. The data on inflation is encouraging because it could mean less pain for lower- and middle-income households struggl…
Wall Street Hits Records Following an Encouraging Update on Inflation
NEW YORK (AP) — U.S. stocks hit records on Friday after an update on inflation came in a bit less painful than feared. Join our WhatsApp group Subscribe to our Daily Roundup Email The S&P 500 rose 0.8% and topped its prior all-time high, which was set earlier this month. The Dow Jones Industrial Average […]
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