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The Nasdaq climbed on Wednesday while the S&P 500 dipped, with both indexes notching their second straight quarterly gains. A softer-than-anticipated inflation reading cooled expectations that Federal Reserve policy makers would hike rates in October.
The S&P 500 and Nasdaq showed gains on Wednesday, on track for monthly increases, as a less-than-expected inflation reading reduced expectations of a Federal Reserve rate hike in October.
Adobe (NASDAQ: ADBE ) stock is rising Wednesday as technology stocks gain after inflation data came in lower than economists expected. No single Adobe announcement released Wednesday accounts for the move. The Bureau of Economic Analysis released data Wednesday showing the personal consumption expenditures (PCE) price
S&P 500 and Nasdaq 100 traded higher, while the Dow Jones hovered near the flat line on Wednesday afternoon, as softer-than-expected inflation data boosted hopes that the Federal Reserve may hold off on another rate hike as soon as next month. The PCE price index rose 0.3% in August, below expectations of 0.4%, while c
MongoDB Inc (NASDAQ: MDB ) shares are rising Wednesday after the company announced it authorized an additional $1 billion in share repurchases. Here’s what you should know. MongoDB shares are climbing with conviction. Why are MDB shares rallying? MongoDB Board Authorizes Additional $1 Billion in Buybacks MongoDB announ
U.S. stocks are higher at midday Wednesday, led by technology and software shares, after softer-than-expected inflation data eased fears of another Federal Reserve rate hike. Oil is climbing again, however, and long-dated Treasury yields remain close to multi-decade highs. • United Therapeutics stock is charging ahead