Alphabet jumped 10.8% to a record high after the Google-parent announced its first-ever dividend.
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Tag: Rate cut
Fed rate cut seen on track for June even as inflation bumps up
Traders speculate on the Federal Reserve’s next move, predicting potential interest-rate cuts to address economic trends.
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Fed says more ‘confidence’ needed on inflation front before rate cuts can start
The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months.
Read More Fed says more ‘confidence’ needed on inflation front before rate cuts can start
US inflation trending lower; consumer spending strong in December
U.S. prices rose marginally in December, keeping the annual increase in inflation below 3% for a third straight month.
Read More US inflation trending lower; consumer spending strong in December
US retail sales beat expectations; weekly jobless claims fall
U.S. retail sales unexpectedly rose in November as the holiday shopping season got off to a brisk start amid deep discounting.
Read More US retail sales beat expectations; weekly jobless claims fall
S&P, Nasdaq muted as markets brace for inflation and Fed
The S&P 500 was muted and Nasdaq inched lower on Monday in the run-up to an action-packed week that includes the Federal Reserve’s policy meeting and inflation data.
Read More S&P, Nasdaq muted as markets brace for inflation and Fed