Stocks Mixed Amid Lackluster Economic Data, Fed Uncertainty
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U.S. equities finished mixed, with the Financials sector leading the laggards, despite a sharp rise in Treasury yields, in the wake of mixed results from Dow member JPMorgan Chase, Citigroup, and Wells Fargo & Company.
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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
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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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