US consumer inflation rose for a third straight month in December, according to government data published Wednesday, adding pressure on the Federal Reserve to pause rate cuts.
US stocks soared as traders cheered encouraging inflation data, while the 10-year Treasury plunged 13 basis points.
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Investors were cheering the latest consumer-price index report, which that showed core inflation unexpectedly slowed in December, putting U.S. stocks on pace for their best CPI day in at least 14 ...
The 10-year Treasury yield ( ^TNX) dropped over 12 basis points to trade around 4.66% after the cooler-than-expected reading.
If forecasters are correct, everyone's least favorite economic phenomenon likely continued its comeback in December.
The S&P 500 and Nasdaq have both felt pressure as shares of major tech companies came under pressure Monday. Investors ...
Small quantum computing stocks dived this week after Nvidia (NVDA) CEO Jensen Huang made clear to investors what they should have already known. Talking to analysts at the CES convention in Las Vegas ...