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The major averages were mostly higher, with the Dow up over 600 points as investors brace for a pivotal stretch of earnings and the start of the Federal Reserve's two-day policy meeting, with renewed concerns over artificial intelligence spending and rising competition from Chinese chipmakers weighing heavily on techno
The major averages finished broadly higher as technology shares led gains ahead of a stretch of earnings from some of the market's largest companies. The focus this week is on corporate earnings, with Alphabet, Tesla, IBM and Intel all set to report in the coming days. Investors are looking for signs that spending on a
The major averages closed higher as major technology names led broad gains as another round of softer-than-expected inflation data eased concerns that the Federal Reserve may need to tighten policy again this month. The producer price index for final demand fell 0.3% in June, driven by a 1.4% decline in goods prices, w
Stocks moved higher, with the Nasdaq the leader, after softer inflation data shut the door on a Fed rate hike this month. Both headline and core inflation rates declined, easing the impact of another rally in energy prices after the U.S. and Iran maintained strikes against each other. Attention was also focused on the
Stock indexes retreated amid losses for the heavyweight chip sector, making the Nasdaq the laggard, while the Dow pulled back from a record high reached in morning trading. Memory producers sank even though Samsung posted a 19-fold surge in profit last quarter. The surge was in line with the sector's rally this year, b