Stock market today: Nasdaq hits record, Dow, S&P 500 rise with inflation data set to test rate-cut trade
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Stock market today: Nasdaq hits record, Dow, S&P 500 rise with inflation data set to test rate-cut trade
After a weak jobs report, focus is turning to the other side of the Fed's mandate - inflation. Inflation data will highlight an otherwise tame earnings and economic calendar in the first full trading week of September. Apple (AAPL) is expected to launch new products tomorrow at its marquee annual event. Also watch out for earning this week from ...
3 months ago
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Stock Market Today: Dow Closes Lower, Nasdaq Gains After Powell's Testimony
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What we're watching in the markets on Tuesday: - a firmer US dollar bolsters expectations for a December policy tightening, with Treasury yields at a four-month high; - the pound falls below $1.23 and £0.90 per euro, while 10-year gilt yields rise; - oil prices dip on news the Opec supply glut has hit a record level. Read more: http://on.ft.com/2d4w8lH | Financial Times
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