Nasdaq, Inflation and Bank of America
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Bank earnings, inflation, and new crypto regulation are some of the things on the investors' radar this week.
Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.
The major U.S. stock market indexes opened higher on Tuesday. Inflation may be on the minds of investors thanks to the release of the June consumer price index shortly before the opening bell. CPI showed a slight increase in prices compared to the month of May.
1don MSN
June figures show unexpected rise to 3.6% as fuel costs continue to increase - Latest on UK figures data plus stock markets updates, business and money news on Wednesday
Core inflation eases, but rising headline CPI and energy costs keep inflation concerns alive. Click for our full review of the latest data and its implications.
President Donald Trump in recent days slapped tariffs as high as 50% on dozens of countries, restoring the type of aggressive trade policy that sent stocks plummeting a few months ago. The new round of levies prompted little more than a shrug on Wall Street.
June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.
CPI data shows headline and core inflation in line with expectations. Check out my thoughts on financial markets' reaction to CPI data.
US stocks have rocketed back to all-time highs. The unemployment rate remains historically low. And the inflation rate is lower than when President Donald Trump took office.
There's a chance Donald Trump won't get lower interest rates even after he finds a replacement for Fed Chair Powell, market pros told BI.
US stocks fell Friday and the S&P 500 slipped from a record high after President Trump slapped Canada with a 35% tariff and threatened higher levies on most other nations. The S&P 500 plunged 0.4% to 6,253.10 after reaching a new record Thursday of 6,280.46.