The S&P 500 ended the week at 5,005.57, down 0.30% for the week; the Dow Jones at 38,627.99, down 0.50%; the tech-heavy Nasdaq at 15,775.65, down 1.10% and the small-cap Russell 2000 at 2032.74, down 0.60%.
US wholesale prices rose more than expected in January, according to government data published Friday, as services costs were lifted by a jump in the index for hospital outpatient care.
Amid recession fears in Japan and the UK, the US economy stands resilient, buoyed by strong consumer spending and pandemic relief measures.
Fed Governor Christopher Waller has given a different take the DeFi marketplace amid ongoing fears that it could erode the U.S. dollar's dominance.
According to FactSet, the performance of the S&P 500 relative to earnings estimates continues to improve as more companies release their financial statements.
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US retail sales plummeted by 0.8% in January, signaling economic challenges amid inflation and rising interest rates.
All three major economic sectors contracted in the fourth quarter: Services (-0.2%), production (-1%), and construction (-1.3%). This resulted in an overall GDP growth of only 0.1% for the entire 2023.
US Treasury Department suggests that while dollar alternatives are emerging, they do not currently pose a major threat in illicit finance activities.
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Higher gas and electricity bills were the main upward contributor to the rate, but this was offset by falling prices for furniture, food and non-alcoholic beverages.
Stocks plummeted by more than 500 points as inflation data surpassed expectations, spurring concerns over Federal Reserve rate cuts.
IRS notes a 29% drop in average tax refunds for 2024, citing factors like refund delays and inflation adjustments.
Israel's rejection of Hamas' ceasefire proposal and its commitment to continue attacks in Rafah influenced last week's rise in oil prices.
The small-cap heavy Russell 2000 ended the week at 2009.99, up 3.8%, beating both the S&P 500 and the Dow Jones, which gained 1.7% and 2.5%, respectively.
Major U.S. retail banks experienced a significant decline in overdraft revenue last year, signaling a shift towards more consumer-friendly practices.
U.S equities continue defying gravity this week, with major market averages reaching new highs almost daily.
Asian markets were mixed in holiday-thinned trade Friday as investors struggled to build on another record-setting day on Wall Street, with focus on the upcoming release of key US inflation data.
The Containerized Freight Index has more than doubled since the beginning of October 2023, from 850 to 2,179 points. It increased 419 points or 24% since the beginning of 2024 alone.
NYCB shares plummet amid concerns over real estate assets, while a new chairman takes the helm.
China's slide into deflation came when Japan was snapping out of it. In the third quarter of 2023, Japan's residential property price index rose at an annual rate of 2.4%, following an even more significant rise in the previous two quarters.
US Treasury Secretary Janet Yellen expressed concern Tuesday about the commercial real estate sector in the current environment of higher interest rates -- but added that the overall situation should be "manageable."
Oil prices climbed due to geopolitical tensions stemming from ongoing efforts to negotiate a Gaza truce and U.S. actions against Middle Eastern militants.
Asian markets were mixed Tuesday following a drop on Wall Street, though Shanghai and Hong Kong were lifted by a pledge by authorities to boost investment in a range of stocks as they look to staunch a long-running rout.
Mortgage rates underwent substantial fluctuations since the summer, briefly hitting a 20-year high of 8% in October before experiencing a huge drop.
Warren Buffett's unconventional $75 billion investment in Berkshire Hathaway shares over five years has significantly increased shareholder value.
Tech giants, including Meta, Alphabet, and Amazon, report a significant rebound in digital advertising after concerns of a downturn a year ago.
U.S stocks and bonds moved in the opposite direction at the end of last week, caught between a blowout job report and solid earnings from Meta and Amazon.
Turkey's annual inflation rate stayed stable in January at nearly 65 percent, but month-on-month consumer price increases jumped sharply following a huge minimum wage hike, official data showed Monday.
33 onshore exchange-traded funds (ETFs) that track foreign benchmarks excluding Hong Kong saw an inflow of $2 billion in the month of January, Bloomberg reported.