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Stock market today (May 16, 2024): World shares are mixed after Wall St hits fresh records on hopes for rate cuts

Share opened lower Thursday in Europe after most Asian benchmarks gained, tracking a Wall Street rally driven by hopes that inflation is heading back in the right direction. The optimism came from a report Wednesday showing U.S. consumers had to pay prices for gasoline, car insurance and everything else in April that were 3.4%…
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GameStop and AMC Extend Slump as Meme-Fueled Rally Unravels

(Bloomberg) -- GameStop Corp. and AMC Entertainment Holdings Inc. are slumping for a second day, as the meme-stock frenzy that gripped markets earlier this week fades.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Slovak Premier Fighting for Life After Assassination AttemptDow Average Makes History to Hit the 40,...
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Source: yahoo.com

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