Wall Street somewhat rebounded from a disaster on Tuesday, as main stock indexes grew over 1%. Investors searched for bargains after a global stock selloff and panic of a possible recession occurred on Monday.
Read More Wall Street Makes A Comeback: Dow Jumps Over 500 Points After Monday’s Horrific Stocks Day
U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents.
Read More Monthly US consumer prices post first drop in four years as inflation subsides
The Labor Department’s employment report also showed the economy created 111,000 fewer jobs in April and June than previously estimated.
Read More US job growth slows moderately; unemployment rate rises to 4.1%
U.S. retail sales barely rose in May, suggesting that economic activity remained lackluster in the second quarter.
Read More US retail sales rise less than expected in May
Alphabet jumped 10.8% to a record high after the Google-parent announced its first-ever dividend.
Read More Wall St rises as Big Tech charges higher
Traders speculate on the Federal Reserve’s next move, predicting potential interest-rate cuts to address economic trends.
Read More Fed rate cut seen on track for June even as inflation bumps up