U.S. stocks rallied on Tuesday, with the S&P 500 poised to snap a 3-day streak of declines as another drop in oil prices and a softer-than-expected reading on producer prices helped ease inflation fears among investors who are now focused on the Federal Reserve's upcoming policy announcement.
Inflation is one of the biggest concerns for investors lately. The CPI index for February jumped to a 7.9% annual rate, the highest since January 1982. Gasoline, housing, and food prices were the biggest contributors to the increase.
Wall Street's main indexes climbed on Tuesday as oil prices extended declines and data showed a softer-than-expected rise in producer prices, with investors remaining focused on the outcome of the Federal Reserve's two-day policy meeting.
Blockchain technology firm ConsenSys said on Tuesday its valuation had more than doubled to over $7 billion after its latest funding round that included investments from SoftBank Vision Fund 2 and Microsoft.
The market has gone cold on growth stocks. With high inflation, looming interest rate hikes, Russia's invasion of Ukraine, and other factors creating turbulence, the appetite for risk has changed. Investors want earnings, they want them now, and this has led to a marketwide reapp
The last year or so has been tough going for growth stocks, but the last few months have been especially brutal. With the Federal Reserve poised to start hiking interest rates, the market's appetite for fast-growing companies has completely soured. Many stocks have crashed like i
U.S. stocks gained ground on Tuesday as oil prices extended declines, while investor focus was squarely on the Federal Reserve's two-day meeting where policymakers are widely expected to raise interest rates.
Uncertainty is running high in the stock market right now. Inflation is hurting consumers, interest rates are about to tick higher, and geopolitical tensions in Europe are keeping investors on the sidelines.That combination of factors has plunged the tech-centric Nasdaq 100 index
U.S. stock index futures edged higher on Tuesday ahead of the Federal Reserve's two-day policy meeting, with investors also assessing the fallout from fresh COVID-19 restrictions in China.
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Microsoft (MSFT) closed at $276.44 in the latest trading session, marking a -1.3% move from the prior day. This change lagged the S&P 500's 0.74% loss on the day.
The share price of Warren Buffett's Berkshire Hathaway Inc reached $500,000 for the first time on Monday, reflecting the company's status as a defensive stock in a market unsettled by events in Ukraine and rising inflation.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Microsoft Corporation (Symbol: MSFT), where a total of 169,645 contracts have traded so far, representing approximately 17.0 million underlying shares. That amounts to