Wall Street’s main indexes rose on Wednesday, boosted by megacap growth stocks and as corporate results rolled in.
Read More Wall St gains from megacaps thrust; earnings, Fed comments on tapTag: interest rates
Report: U.S. Inflation Rises 3.5% In March, With Fed Rate Cuts In Doubt
U.S. inflation had another rough month in March, increasing 3.5%, which throws doubt into whether or not the Federal Reserve will actually begin to cut interest rates as soon as June.
Read More Report: U.S. Inflation Rises 3.5% In March, With Fed Rate Cuts In DoubtUS consumer prices accelerate; seen delaying Fed rate cut
U.S. consumer prices increased more than expected in March as Americans paid more for gasoline and rental housing.
Read More US consumer prices accelerate; seen delaying Fed rate cutUS small-business sentiment slides to lowest level in more than 11 years
NFIB said its Small Business Optimism Index fell 0.9 point to 88.5 last month, the lowest level since December 2012.
Read More US small-business sentiment slides to lowest level in more than 11 yearsTesla quarterly deliveries fall for the first time in nearly four years
The Elon Musk-led company’s shares fell 5.3% in early trading and were on track to lose about $30 billion in market value.
Read More Tesla quarterly deliveries fall for the first time in nearly four yearsUS new home sales unexpectedly fall in February
New home sales slipped 0.3% to a seasonally adjusted annual rate of 662,000 units last month.
Read More US new home sales unexpectedly fall in February