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Wall Street hits records following an encouraging update on inflation

NEW YORK — U.S. stocks hit records on Friday after an update on inflation came in a bit less painful than feared. The S&P 500 rose 0.8% and topped its prior all-time high, which was set earlier this month. The Dow Jones Industrial Average rallied 472 points, or 1%, and the Nasdaq composite climbed 1.1%. Both also set records. The data on inflation is encouraging because it could mean less pain for lower- and middle-income households struggling with still-high increases in prices every month. Even more importantly for Wall Street, it could also clear the way for the Federal Reserve ...

US stocks set more records as Wall Street’s relentless rally keeps rolling

NEW YORK — The seemingly relentless rally on Wall Street drove U.S. stocks to more records on Monday. The S&P 500 rose 0.4 percent after erasing a modest loss from the morning. The Dow Jones Industrial Average added 66 points, or 0.1 percent, and the Nasdaq composite climbed 0.7 percent. It’s the third straight day where all three indexes set an all-time high. “Every time the market seems to be running out of momentum, it fools most of us by pushing to higher heights,” said Jay Woods, chief market strategist at Freedom Capital Markets. A familiar face was again the ...

A rally for Apple leads Wall Street higher

NEW YORK — A rally for Apple led Wall Street higher on Wednesday as U.S. stocks reclaimed more of their sharp losses from last week. The S&P 500 rose 0.7 percent. The Dow Jones Industrial Average added 81 points, or 0.2 percent, and the Nasdaq composite climbed 1.2 percent. Apple alone accounted for more than a third of the S&P 500’s gain. It rose 5.1 percent ahead of a White House event where it was expected to announced an increase to its U.S. investments of an additional $100 billion over the next four years. Trading elsewhere on Wall Street was mixed following a jumble of ...

Wall Street cruises to more records as PepsiCo and tech stocks rally

NEW YORK — Wall Street rose to records on Thursday following better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies. The S&P 500 climbed 0.5% to top its all-time high set a week ago. The Dow Jones Industrial Average rose 229 points, or 0.5%, and the Nasdaq composite added 0.7% to its own record set the day before. Trading was calmer than Wednesday’s, when President Donald Trump jolted financial markets by saying he had discussed the “concept” of firing the chair of the Federal Reserve but was unlikely to do so. Such a move could ...

Wall Street is rattled as Trump says he discussed firing Powell

NEW YORK — President Donald Trump sent the U.S. stock market on a jagged round trip Wednesday after saying he had “talked about the concept of firing” the head of the Federal Reserve. Such a move could help Wall Street get the lower interest rates it loves but would also risk a weakened Fed unable to make the unpopular moves needed to keep inflation under control. The S&P 500 rose 0.3 percent after whipping through an earlier drop and subsequent recovery. The Dow Jones Industrial Average gained 231 points, or 0.5 percent, and the Nasdaq composite added 0.3 percent to its record ...