US Edition
Wall Street Rises Toward Records on Hopes for Lower Interest Rates
UNITED STATES, AUG 12 – Inflation rose 2.7% year-over-year, below expectations, boosting bets on a September Federal Reserve interest rate cut while tariffs on China imports were delayed 90 days.
- In U.S. markets on Tuesday, stocks rallied as the S&P 500 rose 0.6% toward record highs after last month’s inflation data.
- After the inflation report, traders bet on a 94% chance the Federal Reserve will cut interest rates in September.
- The tariff postponement led to indexes in China edging up after President Donald Trump delayed Chinese tariffs by 90 days late Monday.
- Meanwhile, on Wall Street, Treasury yields fell and the Dow Jones Industrial Average rose 251 points as traders bet on a rate cut this year.
- Ahead of its next meeting, the Federal Reserve will review one more inflation and one more jobs report before its meeting ending Sept. 17.
64 Articles
64 Articles
Stocks Rise After Inflation Report
The US stock market rallied to records on Tuesday after data suggested inflation across the country was a touch better last month than economists expected. Stocks got a lift from hopes that the inflation report will give the Federal Reserve leeway to cut interest rates at its next meeting in...
Sydney Morning Herald
ASX declines as CBA and AGL shares slump; Miners, Tyro advance
The Australian sharemarket closed lower after the rally in the nation’s largest bank ran out of steam and the biggest power generator was tanking following underwhelming results.
Wall Street rises toward records on hopes for lower interest rates - Boston News, Weather, Sports
NEW YORK (AP) — The U.S. stock market is rallying toward records on Tuesday after data suggested inflation across the country was a touch better last month than economists expected. The S&P 500 rose 1.1% and was on track to top its all-time high set two weeks ago. The Dow Jones Industrial Average was up 473 points, or 1.1%, as of 2:46 p.m. Eastern time, while the Nasdaq composite was 1.3% higher and also heading toward a record. Stocks got a lif…
Stock market rises after inflation report drives hopes for lower interest rates
The U.S. stock market is rallying toward records on Tuesday after data suggested inflation across the country was a touch better last month than economists expected. The S&P 500 rose 0.9% and was on track to top its all-time high set two weeks ago. The Dow Jones Industrial Average was up 467 points, or 1.1%, as of 12:30 p.m. ET, while the Nasdaq composite was 1.1% higher and also heading toward a record. Stocks got a lift from hopes that the bet…
The Mendocino Beacon
Wall Street flirts with its records on hopes for coming cuts to interest rates
By STAN CHOE, Associated Press Business Writer NEW YORK (AP) — The U.S. stock market is flirting with its records on Tuesday after data suggested inflation across the country was a touch better last month than economists expected. The S&P 500 rose 0.6% and was on track to top its all-time high set two weeks ago. The Dow Jones Industrial Average was up 434 points, or 1%, as of 10:15 a.m. Eastern time, while the Nasdaq composite was 0.5% higher an…
San Diego Union Tribune
Wall Street rises toward records on hopes for lower interest rates
By STAN CHOE, AP Business Writer NEW YORK (AP) — The U.S. stock market is rallying toward records on Tuesday after data suggested inflation across the country was a touch better last month than economists expected. The S&P 500 rose 0.8% and was on track to top its all-time high set two weeks ago. The Dow Jones Industrial Average was up 466 points, or 1.1%, as of 11:15 a.m. Eastern time, while the Nasdaq composite was 0.9% higher and also heading…
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