The financial sector is a clear beneficiary of the recent rise in inflation. As inflation rises interest rates rise, and that's good for banks, which make more money along with the expansion of the spread between rates they pay on deposits and rates they charge on loans. ...
Stocks marched higher in early trading as investors seem to be shake off a larger than expected increase in consumer prices. The Department of Labor reported that the CPI rose 5% in May, compared to one year ago, surpassing economist expectations of a 4.7% gain.
Stocks were flat again in early trading this morning as the S&P 500 and the Dow continue to hover near record highs. Meanwhile, the 10-year Treasury yield continued to drift lower.
Following a tumultuous and turbulent year in 2020, the US economy appears to...
Stocks were flat in early trading this morning as the S&P hovered just below it’s record high. Investors remain alert to any possible market influencing factors.
Industrials are likely to be some of the busiest stocks in the market over the next couple of...
Stocks were flat to start the day, on this, the first trading session of the week. Many investors are cautiously watching for factors that would cause the Fed to back off from its current policy. May’s CPI number, scheduled to be released on Thursday could be a...