|
Trump says Iran talks could resume in days as U.S. military blocks Iranian ports NPRTrump Aims to Force a Quick Iran Deal With a Slow Squeeze WSJWhite House denies U.S. requested ceasefire, says new talks may happen in Pakistan ReutersIran war 'very close to over,' Trump says — and the stock market 'is going to boom' CNBC
|
|
Shares of Live Nation sank on Wednesday after a jury found that the Ticketmaster parent had acted as an illegal monopoly over the ticketing industry, according to reports.
|
|
Investors are about to lose a financial cushion that's been supporting the stock market for months, warns Strategas researchers.
|
|
S&P 500 and Nasdaq Composite close at fresh records as traders look past Iran war fears: Live updates CNBCStocks Approach Record High as Wall St. Looks Beyond War The New York TimesWall Street hits a record as S&P 500 continues its 2-week rally on hopes for the Iran war TribLIVE.comWall Street sank on Iran war fears. Now it's surging. Here's why CNN
|
|
Shares in Allbirds surge after maker of wool sneakers announces pivot to AI The GuardianAllbirds shares soar on a very 2026 pivot to AI CNNAIbirds Bloomberg.comAllbirds Is Pivoting to AI, Naturally The CutAllbirds' AI pivot sends its stock soaring nearly 600%. We've seen this movie before. MSN
|
RELATED ARTICLES | | |
|
Investors appear to be treating an end to the U.S.-Israeli war with Iran as a foregone conclusion.
|
|
Citigroup and BlackRock Investment Institute have both turned bullish on U.S. stocks. They say tech dominance is a part of that.
|
|
US president says meetings could happen this week in Islamabad but further discussions will take place in Europe
|
|
Stocks stabilized Wednesday after Tuesday's hotter-than-expected inflation data sparked Wall Street's worst selloff in over two years.
Inflation remained in focus today with the early morning release of the producer price index (PPI) for August. Similar to yesterday's consumer price index (CPI), the PPI - which measures what suppliers are charging for goods and services - rose at a slower annual clip in August than it did in July. However, on a month-over-month basis, both PPI and core PPI, which excludes energy and food prices, were up from July's figures.
SEE MORE 12 REITs Flaunting Fast-Growing Dividends
"There is a divergence in headline and core inflation building, where headline is cooling and core is heating up," says Jamie Cox, managing partner at Harris Financial Group. "That's an odd phenomenon and likely influenced by the shift from goods to services post-pandemic. The Fed should proceed with caution and not hit the emergency brake on rate hikes."
While yesterday's selling was broad-based, today's action was more mixed. In terms of sector performance, real estate (-1.2%) and materials (-1.2%) were the biggest laggards, while energy ( 2.8%) outperformed as U.S. crude futures rose 1.3% to settle at $88.48 per barrel.
Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.
As for the major indexes, the Nasdaq Composite ended up 0.7% at 11,719, while the S&P 500 Index ( 0.3% at 3,946) and the Dow Jones Industrial Average ( 0.1% at 31,135) also finished with mode
|
|
