Wall Street little changed after inflation, labor market data
U.S. stocks closed little changed on Thursday as news of hotter-than-expected inflation and signs of labor market strength dampened hopes for early interest rate cuts by the Federal Reserve this year, but a fall in Treasury yields kept declines in check.
In a choppy session, equities opened higher and the benchmark S&P 500 (.SPX) briefly surpassed its record closing high of 4,796.56, hit in January 2022, before erasing initial gains.
In a choppy session, equities opened higher and the benchmark S&P 500 (.SPX) briefly surpassed its record closing high of 4,796.56, hit in January 2022, before erasing initial gains.
- Microsoft briefly overtakes Apple as world's most valuable company
- Citigroup profit to take $3.8-bln hit on charges, reserves
- US consumer prices rise more than expected in December
- Dow up 0.04%, S&P 500 down 0.07%, Nasdaq flat $Dow Jones Industrial Average(.DJI.US$ $Nasdaq Composite Index(.IXIC.US$ $S&P 500 Index(.SPX.US$
- Citigroup profit to take $3.8-bln hit on charges, reserves
- US consumer prices rise more than expected in December
- Dow up 0.04%, S&P 500 down 0.07%, Nasdaq flat $Dow Jones Industrial Average(.DJI.US$ $Nasdaq Composite Index(.IXIC.US$ $S&P 500 Index(.SPX.US$
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