TLT ITB Surge As Inflation Flatlines
The CPI was unchanged in May, the government reported on Wednesday.
The CPI was unchanged in May, the government reported on Wednesday.
IVV leads outflows while SPY tops inflows.
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The large-cap space have been the clear leader this year. We have highlighted some solid reasons for their outperformance.
Stocks and bonds were climbing in the wake of a cooler-than-expected inflation report, but the rally still has to get through the latest Federal Open Market Committee meeting. The Nasdaq Composite was up 1.9%. The S&P and Nasdaq are both coming off record closes on Monday and Tuesday.
Crude oil prices (CL=F, BZ=F) prices cool Wednesday morning as May's Consumer Price Index (CPI) print reported a 2% decline in overall energy prices. PGIM’s Head of Thematic Research Shehriyar Antia joins Catalysts in-studio to explain why oil price pressures and affordability aren't the only factors having a broad impact on the energy landscape (XLE). "The energy transition is a really long, complicated process. It's not an event, so it's not it's likely not to happen as quickly as maybe we would hope. And so fossil fuels are going to have a long sunset," Antia says. "But, our research found that there are really two themes — one is what we call complementary infrastructure around renewable energy." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan. Catch more of Yahoo Finance's coverage surrounding oil prices and the broader energy sector: IEA warns of 8M barrel per day oil surplus by 2030 Gas prices decline, helping cool inflation in May Oil may reach $86 per barrel this summer: Goldman Sachs 3 areas where inflation is hitting hardest: May CPI Oil prices rebound despite 'shaky' demand outlook The big reason why there will be more energy sector deals
Startling headline CPI for May forces markets to shift interest rate outlooks.
- The U.S. dollar retreated Wednesday, falling back after hitting a four-week high overnight ahead of the conclusion of the latest Federal Reserve policy meeting. At...
Sector Update: Financial Stocks Higher Pre-Bell Wednesday
U.S. stock futures were flat early Wednesday after notching yet another record close.. Dow Jones Industrial Average futures added 31 points, or 0.1%. Contracts tied to the S&P 500 and Nasdaq were slightly up, but by less than 0.1%. On Tuesday the S&P hit its 27th record close of this year, while the Nasdaq chalked up its 15th high in 2024.