The S&P 500 and the Nasdaq climbed while the Dow was flat on Monday, as investors looked ahead to an anticipated Federal Reserve interest rate cut later in the week.
Read More S&P 500, Nasdaq rise on optimism ahead of rate cut, economic data
Category: Business
US weekly jobless claims unexpectedly rise
More people continued to collect unemployment checks at the end of November relative to the beginning of the year as demand for labor cools.
Read More US weekly jobless claims unexpectedly rise
US consumer prices post largest gain in seven months; cost of rent subsides
Consumer prices increased by the most in seven months, but that is unlikely to discourage the Federal Reserve from delivering a third consecutive interest rate cut next week.
Read More US consumer prices post largest gain in seven months; cost of rent subsides
Sharp downgrades to US unit labor costs bode well for inflation outlook
U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price increases have not moderated much.
Read More Sharp downgrades to US unit labor costs bode well for inflation outlook
S&P 500, Nasdaq marginally lower as chip stocks fall; focus on inflation data
The S&P 500 and the Nasdaq were slightly lower on Monday after notching record closing highs in the previous session, as losses in chip stocks including Nvidia weighed.
Read More S&P 500, Nasdaq marginally lower as chip stocks fall; focus on inflation data
Walmart, Amazon holiday spending rise as Target, Best Buy stumble, data shows
Walmart, Amazon and fast-growing e-commerce sites Shein and Temu saw record-breaking sales on Black Friday and Cyber Monday.
Read More Walmart, Amazon holiday spending rise as Target, Best Buy stumble, data shows