The S&P 500 and the Nasdaq hit intraday record highs after cooler-than-expected inflation data kept the U.S. central bank on track to cut borrowing costs this year.
Read More S&P 500, Nasdaq hit record highs after inflation data boosts rate-cut bets; Oracle jumps
Federal Reserve policymakers have already signaled they are in no rush to cut interest rates, and a government report cements that stance.
Read More Fed likely to leave rates unchanged as US job market cools but doesn’t crumble
The number of Americans filing new applications for unemployment benefits fell last week, but sharp government spending cuts and an escalating trade war threaten labor market stability.
Read More US weekly jobless claims fall amid labor market stability
U.S. job openings dropped by the most in 14 months in December, but steady hiring and low layoffs suggested that the labor market was not abruptly slowing down.
Read More US job openings post biggest drop in 14 months
Firms reported boosting hiring, supporting the Federal Reserve’s cautious approach to cutting interest rates this year.
Read More US business activity at nine-month low in January; hiring accelerates
New orders for key U.S.-manufactured capital goods surged in November, offering more signs that the economy is on solid footing as the year ends.
Read More US core capital goods orders rebound as economy eyes strong end to 2024