President Donald Trump was critical of Federal Reserve Chair Jerome Powell on Thursday, further intensifying his feud by posting a statement on social media saying, “Powell’s termination cannot come fast enough!”
Read More Trump Criticizes Fed Chair Jerome Powell, Says His ‘Termination Cannot Come Fast Enough’
Wall Street’s main indexes opened higher on Tuesday, as investors shifted their attention to the upcoming third-quarter earnings season and inflation data for hints on the Federal Reserve’s future rate decisions.
Read More S&P 500, Nasdaq rise as investors focus on inflation data, Q3 earnings
with Chris Rossini
Read More Oil Prices Rising After Iranian Strike
Goldman Sachs raised its year-end target for the benchmark S&P 500 citing an improved earnings outlook for the index companies.
Read More Goldman Sachs lifts 2024 S&P 500 target to 5,200 on upbeat profit outlook
Oil prices fell by 2.5% as a bigger-than-expected rise in U.S. gasoline inventories worried markets about demand.
Read More Oil drops on demand worries after US gasoline inventories swell
Market capitalizations of global mega-cap companies surged, buoyed by a decline in U.S. yields and growing anticipation of potential rate cuts amid diminishing worries about inflation.
Read More Tech giants lead surge in global mega-caps as inflation eases