Key Points
NEW YORK (Reuters) Global stock indexes rose and U.S. Treasury yields edged higher on Wednesday as investors looked ahead to a U.S. consumer price report for possible clues on when the Federal Reserve could begin cutting interest rates...
Bitcoin slipped, being whipsawed late on Tuesday after a social media message on the U.S. Securities and Exchange Commissions account claimed the regulator had approved bitcoin exchange traded funds (ETFs) but was later revealed to have been made by an unauthorized person...
But it will be data dependent, and if inflation comes down more than the Fed wants, thats going to be the next issue, said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York...
The Dow Jones Industrial Average rose 197.64 points, or 0.53%, to 37,722.8, the S&P 500 gained 32.01 points, or 0.67%, to 4,788.51 and the Nasdaq Composite added 131.91 points, or 0.89%, to 14,989.62...
U.S. and European markets surged at the end of 2023 as inflation cooled more quickly than expected and central banks struck a softer tone, encouraging investors to bet on big rate cuts this year...
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