Page 2 - Sam Millette News Today

Treasuries moved to the upside during trading on Thursday amid a positive reaction to closely watched readings on consumer price inflation. Bond prices gave back some ground after an early advance but remained in positive territory.

The main indexes closed higher Thursday even as data showed retail sales unexpectedly fell last month.

Higher prices are taking a bite of out Americans' seemingly unstoppable urge to spend.

After an early advance, treasuries gave back some ground over the course of the trading session on Thursday but managed to remain positive territory. Bond prices finished the day moderately higher, extending the rebound seen during Wednesday's session.

The S&P 500 closed at a record high and the Dow regained losses from earlier in the week as investors await another inflation datapoint.

Rate volatility is likely to persist even through interest-rate cuts are coming at some point.

The University of Michigan's consumer sentiment gauge surged in January to 78.8, the highest since July 2021, from 69.7 in December.

MARKET WRAPS Watch For: EU flash estimate euro area inflation, PPI; Italy provisional CPI; trading updates from Sodexo, Norwegian Air, Finnair Opening Call: European shares look...

Private payrolls climbed by 164,000 in December, above forecasts for 130,000 and higher than November's 101,000, according to ADP.

Private payrolls climbed by 164,000 in December, above forecasts for 130,000 and higher than November's 101,000, according to ADP.