Markets Rally Thursday, End Holiday-Shortened Week Up
Wall Street rebounded on Thursday after the previous day's tumble to lock up one final winning day across the board. Each of the major indices would ride the gains to wrap up the four-day week with a win.
War Updates: Latest Reports On Status Of Ceasefire, Talks
New developments in the war with Iran, both in the Middle East and back here at home, continue to come out rapidly. For the latest reporting on the ceasefire and peace talks, updates can be found here.
War Hopes, Tech Gains Drive Massive Equity Funds' Inflow
War Hopes, Tech Gains Drive Massive Equity Funds' Inflow
U.S. equity funds would prove to be very popular this past week. With news of the ceasefire extension and another jump in tech, inflows to these funds notched the biggest week since mid-November 2024.
Fed Holds On Rates; Possible Hike This Year Gaining Steam
Still Ahead: War Talks, Latest PCE Data, Micron, Sentiment
War Hopes, Tech Gains Drive Massive Equity Funds' Inflow
In Kevin Warsh's debut as chairman, the Fed left rates unchanged again. That was expected, but the latest outlook on rates would rattle the markets. It's now pretty clear, a hike this year is a real possibility.
Retail Sales Top Estimates As Consumers Remain Resilient
Still Ahead: War Talks, Latest PCE Data, Micron, Sentiment
Still Ahead: War Talks, Latest PCE Data, Micron, Sentiment
Higher fuel prices may have dinged their buying power, but consumers continued to spend last month. Retail sales data for May was again led by gas purchases, but spending beyond the pump also gained.
Still Ahead: War Talks, Latest PCE Data, Micron, Sentiment
Still Ahead: War Talks, Latest PCE Data, Micron, Sentiment
Still Ahead: War Talks, Latest PCE Data, Micron, Sentiment
The new week will bring another packed schedule. Developments from the peace talks will be the headliner. The new PCE report, Micron's earnings and an update on sentiment will also receive attention.