Stock market today: Wall Street hesitates in mixed trading as Treasury yields rise more

[ad_1] U.S. stocks are hesitating in mixed trading, as strong profit reports from some big companies compete with continued worries about high interest rates. The S&P 500 was flat at the open of trading Tuesday, coming off a sharp loss after higher Treasury yields cranked up the pressure. The Dow Jones Industrial Average was up … Read more

Retail sales up a strong 0.7% in March from February, underscoring the resiliency of the US consumer

[ad_1] NEW YORK — Americans increased their spending pace in March at a better-than-expected pace the previous month, , underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges. Retail sales rose 0.7% last month after being up a revised 0.9% in February, according to the Commerce Department’s report on Monday. Sales fell … Read more

Stock market today: Asian stocks track Wall Street’s decline as Middle East tensions escalate

[ad_1] HONG KONG — Asia stocks pulled back on Monday as worries about potentially escalating tensions in the Middle East rattled financial markets, pushing investors to look for safer places for their money. U.S. futures rose and oil prices fell despite tensions roiling the Middle East where an attack late Saturday marked the first time … Read more

Stock market today: Wall Street sinks after a mixed start to earnings reporting season as oil jumps

[ad_1] NEW YORK — U.S. stocks are sinking Friday after a mixed start to earnings reporting season. Worries about tensions in the Middle East are also sending prices for oil and gold higher, while Treasury yields fall as investors look for safer places for their money The S&P 500 was 0.9% lower in morning trading … Read more

Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March

[ad_1] LOS ANGELES — The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what’s traditionally the busiest time of the year for home sales. The average rate on a 30-year mortgage rose to 6.88% from 6.82% last week, mortgage buyer Freddie Mac said Thursday. … Read more

When are those rate cuts coming, already? The European Central Bank may be providing some hints

[ad_1] FRANKFURT, Germany — The European Central Bank will likely use its Thursday meeting as a prelude to a first interest rate cut in June as the rich world’s central banks, including the ECB and the U.S. Federal Reserve, assess how soon receding inflation will let them loosen credit for businesses and consumers. It’s a … Read more

4/10: Prime Time with John Dickerson

[ad_1] 4/10: Prime Time with John Dickerson – CBS News Watch CBS News John Dickerson reports on what is keeping inflation high, the Japanese prime minister’s visit to the White House, and why 211 operators are flagging calls about poverty. Be the first to know Get browser notifications for breaking news, live events, and exclusive … Read more

Stock market today: Asian markets are mixed, Shanghai falls as Fitch lowers China’s rating outlook

[ad_1] BANGKOK — Shares were mixed Wednesday in Asia after U.S. stock indexes held at a near standstill ahead of some potentially market-moving reports. Hong Kong’s Hang Seng gained 1.7% to 17,115.94, while the Shanghai Composite index lost 0.8% to 3,026.11 after Fitch Ratings lowered its outlook for China’s public finances. The report by Fitch … Read more

Stock market today: Wall Street ticks higher as bond yields ease ahead of inflation report

[ad_1] NEW YORK — U.S. stock indexes are ticking a bit higher Tuesday, on track for another quiet day ahead of some potential fireworks later in the week. The S&P 500 was up 0.3% in early trading, a day after remaining at a virtual standstill. The Dow Jones Industrial Average was up 67 points, or … Read more

Stock market today: Wall Street holds at a virtual standstill following last week’s sharp swerves

[ad_1] NEW YORK — U.S. stock indexes held at a virtual standstill Monday as trading calmed after a whirlwind couple of days left them a bit shy of their records. The S&P 500 edged down by 1.95 points, or less than 0.1%, to 5,202.39. It was coming off a shaky stretch where a 1.2% drop … Read more