Jun 9, 2024 | Investments
Stock indexes fell slightly on Friday but still finished higher for the week after U.S. payrolls rose much more than expected in May, dimming hopes for interest rate cuts any time soon. Employers added 272,000 new jobs, while average hourly earnings over the past 12...
May 26, 2024 | Investments
Economic growth has cooled noticeably in recent quarters. GDP growth clocked in with an impressive 4.9% reading in the Q3 2023. In the fourth quarter, growth fell to 3.4% before being chopped more than half to 1.6% in the preliminary reading of Q1 2024. In addition,...
May 19, 2024 | Investments
Wall Street witnessed a record-breaking week, primarily driven by the latest consumer inflation data. On Wednesday, the headline consumer price index (CPI) for April came in at 3.4%, while the core CPI cooled for the first time since October 2023. Following the data,...
Apr 28, 2024 | Investments
The benchmark S&P 500 closed out a tough five trading days on Friday with its worst weekly performance in over a year. The decline saw the index slip below the key 5,000 point level for the first time since late February. The escalation tied to the war in Gaza,...
Mar 31, 2024 | Investments
Friday marked the end of a stellar first quarter for Wall Street, with the S&P surging ~10% and delivering its best Q1 since 2019. While the markets were closed for Good Friday, fresh data released on Friday reflected that the core personal consumption...
Mar 17, 2024 | Investments
The S&P 500 fell Friday and posted its second straight weekly loss, with tech stocks particularly feeling the heat as inflation concerns linger ahead of next week’s Federal Reserve policy meeting. The Consumer Price Index (CPI) report for February 2024...
