Inflation Report Keeps Markets On Edge
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U.S. equities were lower, albeit off the worst levels of the day, in the wake of the highly anticipated June consumer price inflation report that came in hotter than expected and notched a fresh 41-year high.
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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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