Stock Market News Today: Dow, Nasdaq Rise; Tesla Stock in Focus - The Wall Street Journal

U.S. stock indexes closed higher Friday, lifted by tech shares, as blue-chip earnings and fresh inflation data rolled in.

The Federal Reserve’s preferred gauge of consumer inflation, the PCE price index, showed prices rising 3% in June from a year ago. That was a cooldown from the 3.8% increase in May.

As of Friday's close:

U.S. stock indexes rose. The Nasdaq Composite added nearly 2%. The S&P 500 and Dow industrials also rose; all three ended the week with gains. The Dow on Thursday snapped a 13-day winning streak, its longest since 1987.

Big tech shares were among the day's leading gainers. The S&P 500's communications services sector rallied. Intel's rise lifted an index of chip stocks.

The benchmark 10-year U.S. Treasury yield fell to 3.968%, from 4.011% on Thursday. Japan's central bank on Friday let the yield on its 10-year government bond rise to a nearly nine-year high. (Here's the Heard on the Street take on the Japan story—plus an explainer.)

Oil rose. Brent crude, the global benchmark, ended the week up 4.8% to just under $85 a barrel, its largest one-week gain since April and a fifth-consecutive weekly rise.

Get smarter about markets with our free newsletters, delivered to your inbox every weekday morning and evening.

Adblock test (Why?)



from "market" - Google News https://ift.tt/zyRwv8k
via IFTTT

Comments

Post a Comment

Popular posts from this blog

After street vendor crackdown, Corona Plaza market is a changed place - Gothamist

Image
The stretch of pavement in Queens where Liliana Sanchez used to sell aguas frescas has been empty since city sanitation police forced her to pack up her pop-up tent canopy. Her 16-year-old daughter now spends school nights and weekends busing tables to help pay rent. Across the street from Corona Plaza, sales at Alondra Cardoso’s hair salon have dipped 30%, or some $200 to $300 dollars a week, since the clientele from the former street vendor market no longer venture into her shop. Delivery worker Jorge Marin, 35, now orders breakfast from a bakery at a nearby intersection. He used to load up on tamales and yogurt and steaming cups of champurrado at the market, which expanded during the height of the pandemic. Now, at the bakery, he said he spends more for less. “It’s been dead,” Queens Borough President Donovan Richards said of the plaza since the vendors’ departure. “It’s taken the life out of the community.” The scene on a recent day in Corona Plaza, Queens, where a crack...
Read more

Chiefs' Market Movers heading into the Bengals game - Arrowhead Pride

Image
At this point, the Cincinnati Bengals are an interesting opponent for the Kansas City Chiefs . In recent seasons, they have been an important rival — ending one of the Chiefs’ Super Bowl runs and watching Kansas City continue another. But as the 2023 season winds down, the Chiefs are the ones who have been bungling things. S ince the bye week, Kansas City has dropped four of six games. In what looked like the easier half of the season, this is hardly the result we expected. Rather than making progress, the Chiefs’ offense feels like it’s been going backward. Can the team turn things around to clinch the AFC West? If so, they’ll rely on these players to continue (or reverse) their recent trends. Bulls Photo by David Eulitt/Getty Images EDGE George Karlaftis: 2022’s first-round draft pick is on the verge of achieving something many of us never expected of him: with nine quarterback sacks heading into this weekend’s game, there’s a very good chance that he reaches double-digits...
Read more