US stocks were mixed in choppy trading on Monday as investors weighed the imminent arrival of interest-rate cuts and braced for a busy week dominated by Nvidia’s (NVDA) earnings report. The Dow Jones Industrial Average (^DJI) added as much as 200 points to reach a new intraday record high, before easing back to a 0.3% … Read more
(Bloomberg) — US inflation figures in the coming week will reinforce that long-awaited interest-rate cuts are coming soon, while a reading on consumer spending is seen indicating that the central bank has been successful at keeping the expansion intact. Most Read from Bloomberg Economists see the personal consumption expenditures price index excluding food and energy … Read more
(Bloomberg) — Jerome Powell’s most decisive signal yet that his inflation-fighting mission has been accomplished has helped restore order to markets that only three weeks ago were engulfed in the worst upheaval since the pandemic. Most Read from Bloomberg Now the return to calm is creating new riches on Wall Street — and boosting the … Read more