Dow Industrials Jump to Cap Volatile Week
Shares of 3M helped push the Dow to a 654-point gain as investors continued to spread their bets beyond tech giants.
U.S. Inflation Data Keeps Door Open for September Interest Rate Cut
Excluding volatile food and energy prices, PCE inflation rose 2.6%, the same as in May. The data keep alive prospects of interest rates declining later this year.
The Score: Delta Air Lines, Tesla, Warner Bros. Discovery and More Stocks That Defined the Week
Here are some of the major companies whose stocks moved on the week's news.
Ackman's Pershing Square Postpones IPO
Billionaire Bill Ackman's investment fund Pershing Square USA has been postponed to another date that the NYSE didn't disclose.
Week Ahead for FX, Bonds: Central Bank Decisions in Focus
Interest-rate decisions from the Federal Reserve, the Bank of Japan and the Bank of England are in the spotlight as well as the latest monthly U.S. jobs data.
Consumer sentiment stuck at 8-month low on inflation angst
Consumers' optimism on the U.S. economy remained stuck at an eight-month low in July because of frustration with lingering inflation, especially among lower-income households that feel the financial strain the most.
China's Rate Cut Flurry Signals Phasing Out of Key Lending Tool
Economists have widely interpreted this week's unusual sequence of events as evidence that the medium-term lending rate's importance is being purposefully diminished as the PBOC pushes to let short-term rates play a more prominent role in guiding markets.
Russia's Central Bank Raises Its Key Rate as War Overheats Economy
The Bank of Russia signaled it is likely to raise borrowing costs again to tame a pickup in inflation driven by the diversion of manpower and other resources to sustain the country's attack on Ukraine.
The New Threat to the Chip Industry: Worker Unrest
With the industry growing in importance and investment pouring in, workers are demanding greater pay and benefits.
DexCom, 3M, Nvidia, Bristol Myers, Coursera, Biogen, Charter, Deckers, and More Stock Market Movers
Stocks rose sharply Friday after the personal consumption expenditures price index, the report the Federal Reserve considers the most accurate measure of price inflation, matched expectations. The data have analysts and economists expecting an interest-rate cut from the Fed in September.
(END) Dow Jones Newswires
July 26, 2024 19:00 ET (23:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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