Yahoo
youtube
#YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto
To get the latest market news check out finance.yahoo.com
US stocks bounced back Friday as investors digested key inflation data that showed a deceleration in price increases during the month of November
The tech-heavy Nasdaq Composite (^IXIC) gained 1.6%. The S&P 500 (^GSPC) rose 1.7% while the Dow Jones Industrial Average (^DJI) put on 1.8%.
The latest reading of the Fed's preferred inflation gauge, the core Personal Consumption Expenditures (PCE) index, showed price increases decelerated in November on a monthly basis and came in below economists' estimates. But they still remained sticky as the central bank fights to bring inflation back down to its 2% target.
A Fed-induced sell-off earlier in the week left the major averages reeling as the central bank projected fewer rate cuts for 2025 than it had previously forecast. And although stocks mostly stabilized on Thursday, the threat of a government shutdown, coupled with more Trump tariff threats on Europe, pressured global markets across the board early in Friday's session.
"I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas," Trump said in a post on Truth Social. "Otherwise, it is TARIFFS all the way!!!"
Global chip stocks sold off and then recovered, with Europe's ASML (ASML) slightly down mid-
|
Lyft's CEO calls self-driving cars the biggest gift he could have been
Jimmy Chin was 100 meters from the summit when his team turned around.
Tech buying advice during RAMmageddon
Nobody likes the Marvell deal except Jensen Huang | The 8:30
Worst gadget regrets: the MiniDisc player
Anthropic’s IPO filing puts the AI business model to the test | Equity
She coined the word vibecession. Here is what she actually meant | Mar
AI is being forced down our throats
Kevin Hassett: Why strong jobs data may not mean a Fed hike
Reusing passwords? For shame!
How Jack Dorsey Saved Twitter
Can stocks rebound after tech's worst day since 2020? Daily Market Cov
