Stocks Finish Higher In a Choppy Session as Inflation Runs Hot
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U.S. equities managed to add on to yesterday’s gains as consumer price inflation showed a modest increase month-over-month, and the year-over-year headline figure came in line with expectations but near a 40-year record.
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The S&P 500 index climbed to a one-month high after a surprisingly high jump in weekly jobless claims fueled hopes for Fed cuts.
Published 05/09/24
Published 05/09/24
The Dow Jones Industrial Average ended at a five-week high, although the broader market was otherwise mixed ahead of key inflation updates.
Published 05/08/24
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