The Latest Breaking News on Economic Optimism Soars as Americans Embrace Promising Outlook for 2024

A key index of underlying inflation that is closely followed by the Federal Reserve remained elevated last month, keeping the Fed on track to raise interest rates next week for the 10th time since March of last year

The Dow Jones reversed higher Friday morning after key inflation data. Amazon stock dived after warning of slowing cloud growth.

The US stock market has been on a rollercoaster ride lately, with concerns over the debt ceiling and the looming threat of a recession. However, investors looking for ideal investments can consider buying fundamentally strong stocks Koninklijke Ahold Delhaize (ADRNY), Suburban Propane Partners (SPH), and Nature’s Sunshine Products (NATR), which…

June S&P 500 futures (ESM23) are trending down -0.33% this morning after three major U.S. benchmark indices rallied on Thursday as technology stocks continued to shine, while investors braced for a reading on the Federal Reserve’s preferred inflation gauge.

The Federal Reserve has more work to do to ease inflation—which is why so many see a recession ahead.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +1.96%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.56%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +2.76%. Stock indexes Thursday rallied sharply, with the Nasdaq 100...

“This morning’s data was the worst of both worlds, with growth down and inflation up,” said Chris Zaccarelli, chief investment officer of Independent Advisor Alliance.

The Dow Jones rocketed higher after weekly unemployment claims fell despite slowing GDP. Intel and Amazon rallied ahead of tonight's earnings.

While inflation has been declining, rising fears of a recession as a result of the recent financial crisis are expected to put the stock market under pressure. Fundamentally strong stocks, such as Fast Retailing (FRCOY), Dr. Reddy’s (RDY), and Potbelly (PBPB), which look positioned for steady growth despite the headwinds,…

Still-elevated inflation, rising interest rates, and volatile economic data are expected to keep the stock market under immense pressure in the near future. Despite showing strong momentum lately, it could be wise to wait before investing in fundamentally weak stocks Robinhood Markets (HOOD), Transocean (RIG), and Harbor Custom Development (HCDI).…

WASHINGTON: US economic growth lost steam in the first quarter this year, the Commerce Department said on Thursday, as the possibility of a mild recession brews while consumer spending weakens.