CNBC Daily Open: Muted CPI gives markets best day since November
Cooler-than-expected inflation readings and positive bank earnings provided a string of good news for bulls after a dismal start of the year.
CPI Slows, Bank Earnings Show Growth And Rising Expectations For 2025
Inflation data this week has come in below forecasts. Earnings season is off to a solid start. Is this the medicine the market nees?
Stock market today: Dow jumps 700 points, Nasdaq soars 2.5% after cool CPI reading
The benchmark S&P 500 ( ^GSPC) popped more than 1.8%, while the Dow Jones Industrial Average ( ^DJI) rose more than 1.6%, or over 700 points. Meanwhile, the tech-heavy Nasdaq Composite ( ^IXIC) soared 2.5%.
CNBC Daily Open: Markets celebrate cool CPI, and bank earnings
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Stock market today: Dow soars 634 points and yields fall after cool CPI and strong bank earnings
US stocks soared as traders cheered encouraging inflation data, while the 10-year Treasury plunged 13 basis points.
Traders mark time ahead of US CPI, bank earnings
Global markets treaded water on Wednesday ahead of U.S. consumer price data that could potentially shift the monetary policy outlook there, while investors waited to see if earnings of big banks would match sky-high expectations.
Stocks Open Sharply Higher After CPI Report, Big Bank Earnings
An encouraging update on core consumer price inflation and a solid start to earnings season combined on Wednesday to send stocks flying and yields falling. The Nasdaq Composite surged 1.7%. The reading should help the Fed be a little more dovish heading into its January 28-29 policy meeting,
The VIX Slides as Investors Cheer CPI and Bank Earnings
That sound you heard coming from Wall Street on Wednesday? A huge sigh of relief following strong earnings from Dow components Goldman Sachs and JPMorgan Chase as well as other big banks, coupled with a smaller increase in core consumer prices for December than economists were expecting.
Pre-Markets Up Huge on CPI, Q4 Bank Numbers
It’s a big news morning for the stock market, and the major indexes are here for it. As Q4 results for the Big Banks trickle in this morning and Consumer Price Index (CPI) numbers affected a big boost to early trading,
CPI edged higher in December, complicating the Fed's upcoming decision on rate cuts
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Core CPI rises less than forecast as inflation pressures ease slightly in December
A key inflation metric eased for the first time since July as investors debate the Federal Reserve's next interest rate ...
Inflation revival persists as market risk despite CPI-fueled rally
A relatively benign U.S. reading on consumer price increases triggered a sharp relief rally in stocks and bonds on Wednesday, ...
Latest CPI Inflation Report Makes January Fed Rate Cut Very Unlikely
Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is ...
'Core' rate of inflation eases a bit, CPI shows. Fed and Wall Street get some breathing room.
A key measure of consumer prices rose less than expected in December, perhaps calming at least temporarily fresh worries ...
CPI Inflation: Don't Expect The Fed To Budge
Analysis of CPI inflation data shows mixed results for December 2024, impacting Fed rate decisions and stock market ...
CPI Inflation Hurt More In December But With A Silver Lining
The cost of living rose more in December than the month before, as rising energy costs hurt household budgets and stoked ...
CPI Report: Inflation Ticked Up; Core Price Growth Slowed
The Bureau of Labor Statistics released the consumer price index report for December earlier today. What the inflation data ...
What CPI Report Could Mean for Donald Trump
The incoming president is set to inherit three months of rising inflation from his predecessor, the Consumer Price Index ...