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Economic data: MBA Mortgage Applications, week ending January 19 (+10.4% prior); S&P Global US Manufacturing PMI, January preliminary (47.6 expected, 47.9 prior); S&P Global US Services PMI ...
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The S&P 500 chugged to a record high last week as new inflation data signaled good news about the Federal Reserve's rate cut plans.For the week, the Nasdaq Composite rose more than 2.5%, while the ...
US applications for jobless benefits rose to 219,000 last week, but layoffs remain relatively low. More Americans filed unemployment claims last week, but the labor market remains healthy and layoffs relatively low
The Bureau of Economic Analysis reported on Thursday that the U.S. economy expanded at a better-than-expected 6.9% annualized rate in Q4, up from Bloomberg economists' consensus estimate of 5.5%.
The last few weeks of market action have shown a clear trend. Any news that could hint at higher-than-expected inflation in 2025 has sent stocks lower. For now, the concerns haven't been long-lasting.
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This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with:. The chart of the day. What we're watching. What we're reading. Economic ...