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Wholesale inflation increased 0.2% month-to-month in December, below the estimated 0.4% gain. "Producer prices deliver a pleasant post-holiday surprise. Strong holiday demand did not trigger an ...
Declines in Nvidia and Adobe stock weighed on the Nasdaq, while bond yields rose. Indexes closed lower on Thursday, dragged by tech stocks after the latest inflation report came in warmer than ...
Traders see another rate in December as likely after consumer and wholesale inflation this week were in line with expectations.
The producer price index on Thursday showed wholesale prices rose 0.4% in November, according to data from the Bureau of Labor Statistics. That's higher than consensus estimates of 0.2%, and marks ...
Disney stock surged as rare three-year forecast sees strong profit growth ahead. China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year ...
Investors are also digesting earnings results from JPMorgan, Wells Fargo, and BlackRock. All three stocks moved higher after the results, which beat analyst estimates on most fronts.
Why 2025 could be a great year for skittish investors to jump into the stock market Gas prices will fall in the next 2 years as global oil supply outpaces demand, EIA says
Traders are eyeing potentially hotter inflation, and dialing back their bets for Fed rate cuts into next year.