Stock market today: Dow, S&P 500, Nasdaq futures surge as inflation cools, bank earnings shine
A consumer inflation report could reset interest-rate bets, while big bank reports will kick off earnings season.
U.S. stock futures jump after cooler-than-expected core CPI reading
U.S. stock futures were surging on Wednesday morning after the consumer-price index report showed inflation ticked up 0.4% in December, higher than the 0.3% forecast. But core inflation, which omits ...
Inside the CPI report: Here's the good & bad
The headline increase in consumer prices in December was not all that good: A 0.4% increase spearheaded by household staples such as food and gas. The cost of food rose 0.3% last month due to higher ...
Core inflation rate slows to 3.2% in December, less than expected
The consumer price index increased a seasonally adjusted 0.4% on the month, putting the 12-month inflation rate at 2.9%. The ...
10-year Treasury yield pulls back aggressively after core inflation is light in December
Treasury yield dropped Wednesday morning as investors parsed key inflation data. The 10-year yield fell around 10 basis points to 4.69%, further pulling back from the 14-month high reached on Monday.