U.S. stocks rose on Wednesday with the S&P 500 and Nasdaq...
U.S. stocks rose on Wednesday with the S&P 500 and Nasdaq Composite closing at their highest levels in 15 months,after data showed the rate of inflation in June slowed to the lowest level since early 2021, fueling hopes that the Federal Reserve may be close to being done with its interest-rate hikes, while the Fed’s Beige Book said the U.S. economic activity increased slightly since late May.
The Dow Jones Industrial AverageDJIA gained 86.01 points, or 0.3%, to end at 34,347.43
The S&P 500 SPX added 32.90 points, or 0.7%, to finish at 4,472.16, its highest closing level since April 8, 2022.
The Nasdaq Composite COMP rose 158.26 points, or 1.2%, ending at 13,918.96, the highest closing value since April 5, 2022, according to Dow Jones Market Data.
Energy services firm Halliburton has underlined...
Energy services firm Halliburton has underlined its commitment to the Permian Basin with the launch of a new Multi-Chem regional laboratory in the city of Odessa, Texas. The firm said the state-of-the-art facility is ideally located to offer its clients fast sample analysis for both regulatory compliance and operational efficiency.
The cost of things in China is at risk of decreasing, which is a nightmare scenario for the rest...
The cost of things in China is at risk of decreasing, which is a nightmare scenario for the rest of us. The central bank has cut interest rates to initiate growth as China hopes to avoid deflation. But if that fails, the global economy could be in trouble.
Annual U.S. retail inflation rate in June was lowest in more than two years
The numbers: U.S. consumer prices rose a modest 0.2% in June and the rate of inflation...
The numbers: U.S. consumer prices rose a modest 0.2% in June and the rate of inflation slowed to the lowest level since 2021, but recent progress might not be enough to stop the Federal Reserve from raising interest rates soon.
The increase in consumer prices last month was smaller than the 0.3% forecast of economists polled by the Wall Street Journal.
The yearly rate of inflation decelerated to 3% from 4% in the prior month. The last time inflation was this low was in March 2021.
