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NEW YORK (Reuters) — Wall Street closed higher on Friday as signs that inflation may have peaked in July increased investor confidence that a bull market could be under way
Wall Street closed higher on Friday as signs that inflation might have peaked last month increased investor confidence that a bull market could be under way, spurring the S&P 500 and the NASDAQ to post their fourth straight week of gains. The S&P 500 is up 17.7 percent from a mid-June low, with the latest gains coming from data this week showing a slower-than-expected rise in the consumer price index and a surprise drop in producer prices last month. The S&P 500 crossed a closely watched technical level of 4,231 points, indicating the benchmark index has recouped half its losses si...
Signs that inflation may have peaked in July increases confidence bull market has begun
A gauge of global stocks fell on Friday to end the trading week on a down note after five straight sessions of gains.
NEW YORK: A gauge of global stocks fell on Friday to end the trading week on a down note after five straight sessions of gains, while the dollar dipped against a basket of major currencies after soft data on U.S. business activity