Stock market's sell-off still showed some signs of strength
A hot inflation print sent stocks tumbling on Tuesday, but many on Wall Street don't think that one bad economic release changes the market narrative moving forward.
Stay updated with breaking news from Keith Lerner. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A hot inflation print sent stocks tumbling on Tuesday, but many on Wall Street don't think that one bad economic release changes the market narrative moving forward.
The S&P 500 closed just shy of the 5,000 milestone as Wall Street took in earning reports, jobs data and Fed remarks on rate cuts.
Under the hood, small-cap indexes outperformed large caps and semiconductor stocks also outperformed with shares of chip designer ARM Holdings surging 47.9% after it forecast strong demand for designs related to artificial intelligence.
US Stock Market: Small-cap indexes outperformed large caps and semiconductor stocks also outperformed with shares of chip designer ARM Holdings surged 47.9 per cent after it forecasted strong demand for designs related to artificial intelligence., Markets News, Times Now
The benchmark S&P 500 index advanced slightly on Thursday but traded close to the 5,000-point milestone, as investors reacted to earnings reports, a roughly in-line jobs report and remarks from...