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Tag: consumer discretionary

The Federal Reserve building stands in Washington April 3, 2012. REUTERS/Joshua Roberts/File Photo

S&P 500, Nasdaq rise on optimism ahead of rate cut, economic data

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
FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar

Wall St edges higher after inflation data keeps Fed rate-cut hopes intact

Wall Street’s main indexes inched higher on Wednesday after in-line consumer price inflation data kept the Federal Reserve on track to deliver another interest rate cut in December.

Read More Wall St edges higher after inflation data keeps Fed rate-cut hopes intact
FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar

Nasdaq, S&P gain on megacap boost in lead up to inflation report

The S&P 500 and the Nasdaq rose on Tuesday as most megacap stocks gained, with focus now moving to key inflation data later this week.

Read More Nasdaq, S&P gain on megacap boost in lead up to inflation report
NEW YORK, NEW YORK - AUGUST 14: Traders work on the floor of the New York Stock Exchange (NYSE) on August 14, 2024 in New York City. According to the Bureau of Labor Statistics’ latest CPI report, consumer prices rose 2.9% in July, slowing from June’s 3% annual gain. (Photo by Spencer Platt/Getty Images)

Wall Street: Dow Surges 500 Points And Tesla Stock Jumps Over 6%

The Dow jumped over 500 points and the Nasdaq increased 2% on Thursday as retail sales data indicated resilient consumer spending, somewhat calming fears of a possible recession. 

Read More Wall Street: Dow Surges 500 Points And Tesla Stock Jumps Over 6%
Figurines with computers and smartphones are seen in front of the words "Artificial Intelligence AI" in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Echoes of dotcom bubble haunt AI-driven US stock market

A U.S. stock rally supercharged by excitement over artificial intelligence is drawing comparisons with the dotcom bubble two decades ago.

Read More Echoes of dotcom bubble haunt AI-driven US stock market
FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri/File Photo

US equity funds attract inflows for third week in a row

U.S. equity funds drew inflows for a third consecutive week with investors clinging to hopes of rate cuts this year.

Read More US equity funds attract inflows for third week in a row
SpaceX and Tesla founder Elon Musk participates in a town hall-style meeting to promote early and absentee voting at Ridley High School on October 17, 2024 in Folsom, Pennsylvania. (Photo by Anna Moneymaker/Getty Images)
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