US market today: Stocks edge toward record highs after wholesale...

US market today: Stocks edge toward record highs after wholesale inflation data; strong bank earnings and tariff reprieve lift investors mood

Posted

US stock indices experienced gains on Wednesday following a promising wholesale inflation report, fueling anticipation that the Federal Reserve might consider resuming interest rate cuts later this year. The S&P 500 neared its all-time high, while the Dow Jones Industrial Average also saw an increase. Bank shares, particularly PNC Financial Services, contributed significantly to the positive market performance.

Read Full Article

Please log in to like, share and comment!

National

NSU calls for unified, result-oriented student movement

KATHMANDU: The Nepal Student Union (NSU), the student wing of the Nepali Congress, has called on...

By 0 1

Business

‘No legal basis’: Amidst India-US trade deal talks, America says India has no grounds for retaliatory tariffs at WTO; here’s what the issue is about

The US has informed the WTO that India's retaliatory tariffs on American automobiles, steel, and...

By 0 1

International

New work rules in Oman: Certification now mandatory for engineering and finance professionals

Oman is set to enforce mandatory professional certifications for engineers and accountants....

By 0 4

International

UAE now allows visitors from 52 nations to drive with their home country licenses: See if you are eligible

The UAE now allows citizens from 52 countries to drive using their national licenses while...

By 0 4

Sports

Cricket | 'Someone like Tendulkar ...': When Ponting knew Starc was special

Mitchell Starc celebrated his 100th Test with a remarkable 6 for 9 against the West Indies,...

By 0 13