100s of titles, one news app for just $10 a month.
Dive Deeper:
Markets Pare Intraday Losses, Still Finish Marginally Lower
U.S. indices traded lower Thursday as stocks experienced continued volatility amid concerns over rising interest rates and inflation.
Markets Resume Selloff Following Worse-Than-Expected CPI Report
U.S. indices finished Wednesday's trading session lower. Markets were highly volatile following the April CPI report, which showed worse-than-expected inflation. The…
Dow Jones, Nasdaq Trade At Intraday Lows As Correction Worsens
The Nasdaq is down over 30% from its prior high, and is on pace to exceed the pandemic's bear market,…
Stock Market Falls As New Inflation Data Remains Heated; Nasdaq Set For A Bad Distinction
The producer price index rose 0.5% in April from March and 11% from the year-ago figure. The inflation rate slowed…
One subscription that gives you access to news from hundreds of sites
Stock Market Volatile After Hot Inflation Report, As Apple, Techs Lag
The stock market remained volatile after the latest inflation report came in higher than expected, but indexes were mainly higher…
Dow Jones Futures Extend Stock Market Sell-Off; This Should Worry Investors
The stock market tumbled Wednesday on a hot inflation report. A lack of investor fear suggests no market bottom yet.
Get all your news in one place
Latest Business news:
The Star executive chairman John O'Neill announces his resignation
The executive chairman of Star Entertainment Group, John O'Neill, has tendered his resignation and will step down from the board.
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
US Growth Seen Outpacing China’s for First Time Since 1976
China’s coronavirus lockdowns mean its economic growth may undershoot the US for the first time since 1976, in a role…
McDonald’s effort to ‘de-arch’ Russia is unlikely to prove easy
The brand is pulling out fully though its exit path looks trip-wired
Woolworths to buy MyDeal.com.au for $243m
Supermarket giant Woolworths is proposing to acquire MyDeal.com.au for $1.05 per share, a 63 per cent premium.
Economy changes despite political boasts
There has been a marked change in the Australian economy in a matter of weeks and largely out of the…
From analysis to good news, read the world’s best news in one place
How the major parties’ election tech promises stack up
Australians will head to the polls on Saturday following a long election campaign which was largely devoid of tech-focused policy…
ASX snaps four-week losing streak, Crown shareholders back $8.9b takeover
The Australian share market jumps in afternoon trade, despite another volatile day on Wall Street as investors weighed up the…

Markets Finish Sharply Higher Amid Ongoing Macro Concerns

By Henry Khederian

U.S. indices traded sharply higher Friday following recent weakness. Markets were highly volatile this week, selling off following the April CPI report, which showed worse-than-expected inflation.

The headline CPI rose 8.3% in April, down slightly from 8.5% in March but above economist estimates of 8.1%. Prior to 2022, the CPI hadn't risen 8.3% in any month since 1982.

Core inflation, which excludes volatile food and energy prices, was up 6.2% in April, above economist estimates of a 6% gain... Read More

  • The Nasdaq composite finished higher by 3.70% to 12,387; The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) gained 3.71% to $301.94
  • The S&P 500 traded higher by 2.39% to 4,023; The SPDR S&P 500 ETF Trust (NASDAQ:SPY) gained 2.36% to $401.68
  • The Dow Jones composite finished higher by 1.26% to 11,043; The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) finished higher by 1.45% at $322.23

Here are the day's winners and losers from the S&P 500, according to data from Benzinga Pro.

Enphase Energy Inc (NASDAQ:ENPH), Wynn Resorts, Limited (NASDAQ:WYNN) and Las Vegas Sands Corp. (NYSE:LVS) were among the top gainers.

Twitter Inc (NYSE:TWTR), Davita Inc (NYSE:DVA) and CH Robinson Worldwide Inc (NASDAQ:CHRW) were among the top losers.

Elsewhere On The Street

Is there a dining experience worth $950? Per person? The answer is yes for gourmands and adventurous diners with wallets that haven’t seen any crypto-like wallet downturn... Read More

The U.S. air-safety regulators told Boeing Co (NYSE:BA) that the documentation submitted to win approval to resume 787 deliveries to airlines after a year is incomplete, Reuters reported citing people familiar with the matter... Read More

U.S. GDP dropped 1.4% in the first quarter of 2022, and the SPY is down 16.3% year-to-date as investors become increasingly concerned about the possibility of a U.S. recession in 2022. However, Bank of America economist Aditya Bhave said this week that... Read More

What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.

Dive Deeper:
Markets Pare Intraday Losses, Still Finish Marginally Lower
U.S. indices traded lower Thursday as stocks experienced continued volatility amid concerns over rising interest rates and inflation.
Markets Resume Selloff Following Worse-Than-Expected CPI Report
U.S. indices finished Wednesday's trading session lower. Markets were highly volatile following the April CPI report, which showed worse-than-expected inflation. The…
Dow Jones, Nasdaq Trade At Intraday Lows As Correction Worsens
The Nasdaq is down over 30% from its prior high, and is on pace to exceed the pandemic's bear market,…
Stock Market Falls As New Inflation Data Remains Heated; Nasdaq Set For A Bad Distinction
The producer price index rose 0.5% in April from March and 11% from the year-ago figure. The inflation rate slowed…
One subscription that gives you access to news from hundreds of sites
Stock Market Volatile After Hot Inflation Report, As Apple, Techs Lag
The stock market remained volatile after the latest inflation report came in higher than expected, but indexes were mainly higher…
Dow Jones Futures Extend Stock Market Sell-Off; This Should Worry Investors
The stock market tumbled Wednesday on a hot inflation report. A lack of investor fear suggests no market bottom yet.
Get all your news in one place