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June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.
A busy week ahead for investors will see inflation data, the debate about the Fed's next move, and the start of second quarter earnings season all come into focus after a flurry of trade activity last week.
Bank earnings, inflation, and new crypto regulation are some of the things on the investors' radar this week.
Wall Street opened higher on Wednesday, buoyed by strong earnings from leading banks and a softer-than-expected inflation print. The Dow rose over 130 points as investors drew relief from a flat producer price index reading for June,
Stock futures were little changed on Tuesday evening, with investors awaiting fresh corporate earnings and inflation data. Futures tied to the Dow Jones Industrial Average pulled back 47 points, or 0.1%, while S&P 500 futures dipped 0.1%. Nasdaq 100 futures slipped 0.1%.
While the better than expected big bank earnings was a positive, the friendly inflation readings were the real boost to markets with the last rate increase from the Fed now expected in July. This ...
Inflation and Bank Earnings Reports: A Critical Week for Stocks July 09, 2023 — 11:35 am EDT Written by Taylor Sohns MBA, CIMA®, CFP® for Due.com ->
Canada's main stock index pulled back on Tuesday from a record high, with heavily weighted financials among the sectors that declined as investors assessed U.S. bank earnings and after domestic inflation data reduced prospects of Bank of Canada interest rate cuts.
Consumer inflation (CPI) provided a spark, and bank earnings were generally better than expected. Bank shares rose 2.2%, and regional banks were over 1.5% higher last week.
Average hourly earnings, a closely watched indicator for inflation and a gauge of how much leverage workers have in the labor market, increased 0.4% on a monthly basis and 4.1% over last year ...