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
Weekly jobless claims fell more than expected, but the U.S. labor market slowdown, driven by higher interest rates and economic concerns, continues to worry big money managers.
Read More US weekly jobless claims fall; business spending on equipment softening
Global equities were higher on Monday in muted trading ahead of the U.S. Thanksgiving holiday later in the week.
Read More Global equities gain as US dollar extends drop
Wall Street’s main stock indexes climbed inflation data boosted expectations the Federal Reserve was done raising interest rates.
Read More Wall St rallies as cooling inflation boosts peak rate bets
Wall Street’s main indexes inched higher on Wednesday as investors parsed earnings reports and comments from Federal Reserve officials.
Read More Wall St edges higher as investors digest cbank comments
S&P 500 and Nasdaq extend gains as U.S. Treasury yields retreat on Fed’s rate hike stance.
Read More S&P 500, Nasdaq score longest win streak in 2 years on rates view