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Costly repairs in the Middle East point to a slow recovery — a condition that may result in crude prices staying higher for longer.
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Trump says Iran talks could resume in days as U.S. military blocks Iranian ports NPRTrump Aims to Force a Quick Iran Deal With a Slow Squeeze WSJWhite House denies U.S. requested ceasefire, says new talks may happen in Pakistan ReutersIran war 'very close to over,' Trump says — and the stock market 'is going to boom' CNBC
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Jury finds that Live Nation acted as a monopoly and overcharged ticket buyers NPRTicketmaster-owner Live Nation ran a monopoly and overcharged fans, jury finds BBCWhat to know about the Live Nation verdict and how it could affect concertgoers NewsdayLive Nation illegally monopolized ticketing market, jury in antitrust trial finds NBC NewsLive Nation Illegally Monopolized Live Events, Jury Says Bloomberg.c
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Investors are about to lose a financial cushion that's been supporting the stock market for months, warns Strategas researchers.
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Wall Street strategists expect a robust increase in the Treasury's coffers this week as Americans pay their taxes.
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Goldman's identity as a trader's firm — one expected to perform in turbulent markets — makes any stumble in the division notable.
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Investors appear to be treating an end to the U.S.-Israeli war with Iran as a foregone conclusion, as the S&P 500 closes above 7,000.
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JPMorgan CEO Jamie Dimon called the economy resilient, but pointed to an "increasingly complex set of risks" across global markets.
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Stocks stabilized Wednesday after Tuesday's hotter-than-expected inflation data sparked Wall Street's worst selloff in over two years.
Inflation remained in focus today with the early morning release of the producer price index (PPI) for August. Similar to yesterday's consumer price index (CPI), the PPI - which measures what suppliers are charging for goods and services - rose at a slower annual clip in August than it did in July. However, on a month-over-month basis, both PPI and core PPI, which excludes energy and food prices, were up from July's figures.
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"There is a divergence in headline and core inflation building, where headline is cooling and core is heating up," says Jamie Cox, managing partner at Harris Financial Group. "That's an odd phenomenon and likely influenced by the shift from goods to services post-pandemic. The Fed should proceed with caution and not hit the emergency brake on rate hikes."
While yesterday's selling was broad-based, today's action was more mixed. In terms of sector performance, real estate (-1.2%) and materials (-1.2%) were the biggest laggards, while energy ( 2.8%) outperformed as U.S. crude futures rose 1.3% to settle at $88.48 per barrel.
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As for the major indexes, the Nasdaq Composite ended up 0.7% at 11,719, while the S&P 500 Index ( 0.3% at 3,946) and the Dow Jones Industrial Average ( 0.1% at 31,135) also finished with mode
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