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The S&P 500 chugged to a record high last week as new inflation data signaled good news about the Federal Reserve's rate cut plans.For the week, the Nasdaq Composite rose more than 2.5%, while the ...
Stocks closed a winning week Friday following data that pointed to stronger-than-expected U.S. economic growth. All the major market averages finished higher for the week, with the S&P 500 gaining ...
He added: “That is good news.” This week — with its multiple inflation reports, a Fed meeting, a new central bank rate cut timeline and economic projections, and a slew of ancillary data ...
Investors watched carefully for dot plot changes, but instead got some much bigger news: Jerome Powell and the Fed see 2024 growth coming in at almost double what was expected.
The Dow Jones Industrial Average dropped 748 points, or 1.7%, and the Nasdaq composite tumbled 2.2%. The preliminary report from S&P Global said activity unexpectedly shrank for U.S. services ...
Rex Nutting is an American journalist, economist, columnist and the Washington bureau chief for the financial information news site MarketWatch. Education [ edit ]
The company was conceived as DBC Online by Data Broadcasting Corporation in the fall of 1995. [2] The marketwatch.com domain name was registered on July 30, 1997. [3] The website launched on October 30, 1997, as a 50/50 joint venture between DBC and CBS News, then run by Larry Kramer [2] and co-founder and chairman, Derek Reisfield. [4]
Andrew Keshner of MarketWatch claimed the vibecession can be measured by the ability to save, pointing out that while inflation had cooled as of April 2024, Americans' personal savings rate remained "stubbornly low" at the time, indicative of what he described as a "complicated and sometimes contradictory" economic picture. [19]
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