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Futures Stall as Markets Await Fresh Inflation Data

Futures on the New York Stock Exchange remained stagnant during early trading on Monday as investors cautiously await inflation data to be released later in the week. With the Consumer Price Index (CPI) set to be released on Wednesday, markets will be waiting to...

Positive Jobs Report Lifts U.S. Stocks

Stocks listed on the New York Stock Exchange continued their recovery on Friday following the March jobs report from the US Bureau of Labor Statistics. The tech-heavy Nasdaq Composite jumped 0.4%, while the S&P 500 gained 0.3%. The Dow Jones Industrial Average edged 0.1%...

Stocks Edge Higher as Fed Chair Confirms Rate Cuts Ahead

Stocks on the New York Stock Exchange closed marginally higher on Wednesday after Federal Reserve Chair Jerome Powell confirmed that the Fed is likely to implement interest rate cuts later this year, thereby boosting investor confidence. The benchmark S&P 500 edged 0.1% higher, while the...

PCE Report Could Convince Federal Reserve to Cut Rates in June

The Federal Reserve may be inclined to introduce interest rate cuts in June following the release of February's Personal Consumption Expenditures index. The "core" reading, which excludes volatile food and energy costs, came in at 2.8%, down from the 2.9% reading in January. Core prices...

S&P 500 Hits New Record as Dow Surges

Stocks on the New York Stock Exchange surged on Wednesday to recover from several days of declines. The S&P 500 surged by 0.8% to close at a new record high of 5,248.50. The Dow Jones Industrial Average skyrocketed by 1.2% while the tech-heavy Nasdaq...

GameStop Stock Plunges Following Slump in Revenue

Shares in GameStop plummeted by 16% in extended trading after the company announced its fourth-quarter earnings. Revenue was $1.79 billion, down from last year's $2.23 billion during the same period. Expenses fell by 21.2% to $357.1 million, largely resulting from lower labor costs as...