neutral
US Stocks Rise on Earnings Momentum; Investors Await CPI Data
US equities traded higher on Thursday as corporate earnings continued to impress investors. The Dow added 0.02%, S&P 500 climbed 0.29%, and Nasdaq gained 0.49%. Strong results from Dow Chemical, 3M, and Las Vegas Sands offset weakness in IBM, whose shares dropped 3% after cloud revenue missed forecasts. Market participants remain focused on the upcoming CPI inflation report following a three-week data gap, with expectations that cooling prices could reinforce speculation of a rate pause by the Federal Reserve.
Eoption• By Sneha Pathak
Explore:Mutual Fund Tools
neutral
US Stocks Rise on Earnings Momentum; Investors Await CPI Data
US equities traded higher on Thursday as corporate earnings continued to impress investors. The Dow added 0.02%, S&P 500 climbed 0.29%, and Nasdaq gained 0.49%. Strong results from Dow Chemical, 3M, and Las Vegas Sands offset weakness in IBM, whose shares dropped 3% after cloud revenue missed forecasts. Market participants remain focused on the upcoming CPI inflation report following a three-week data gap, with expectations that cooling prices could reinforce speculation of a rate pause by the Federal Reserve.
Eoption• By Sneha Pathak
Explore:High Return Equity Mutual Fund
1 min read
79 words
Dow, S&P 500, and Nasdaq advanced on upbeat corporate earnings. Investors await new CPI data, which could shape Federal Reserve policy expectations for November.
US equities traded higher on Thursday as corporate earnings continued to impress investors. The Dow added 0.02%, S&P 500 climbed 0.29%, and Nasdaq gained 0.49%. Strong results from Dow Chemical, 3M, and Las Vegas Sands offset weakness in IBM, whose shares dropped 3% after cloud revenue missed forecasts. Market participants remain focused on the upcoming CPI inflation report following a three-week data gap, with expectations that cooling prices could reinforce speculation of a rate pause by the Federal Reserve.
US equities traded higher on Thursday as corporate earnings continued to impress investors. The Dow added 0.02%, S&P 500 climbed 0.29%, and Nasdaq gained 0.49%. Strong results from Dow Chemical, 3M, and Las Vegas Sands offset weakness in IBM, whose shares dropped 3% after cloud revenue missed forecasts. Market participants remain focused on the upcoming CPI inflation report following a three-week data gap, with expectations that cooling prices could reinforce speculation of a rate pause by the Federal Reserve.
Companies:
IBM
3M
Dow Chemical
+1 more
Tags:
Dow Jones
S&P 500
Dow Jones
S&P 500
Nasdaq
CPI
Federal Reserve