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.
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 were flat to start the week as several potential market moving factors are expected to take shape in the coming days. The Federal Reserve is in focus as investors await results from their June meeting which are due out Wednesday. Investors will be looking for clues...
Stocks were flat this morning as investors processed a deluge of information on the inflation front. Key data released earlier this morning showed that inflation is building in the U.S. economy. May’s 6.6% increase in producer prices, which measures how much companies pay producers for goods,...
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...