Stocks were flat in early trading, coming off of a sharp rally yesterday where the Dow stacked on 2.4%, the S&P 500 added 2.76%, and the Nasdaq surged 3.11%. Investors are expecting choppiness as the earnings season unfolds, and they search for clues on how skyrocketing inflation...
Equity markets rallied into the close on Friday following the release of positive consumer spending data, but the bounce was not enough to keep the major indexes out of the red for the week. Disappointing earnings results from big banks and alarming inflation data contributed to...
Recent inflation data is fueling recession chatter on Wall Street ahead of the upcoming July 26-27 Fed policy meeting. Last week, the Consumer Price Index reading for June came in hotter than expected at 9.1%, surpassing May’s 8.6% increase and Wall Street’s expectation of an 8.8%...