FTN

Key US inflation measure declines in May

Washington - AFP

The Federal Reserve's preferred measure of inflation retreated in May, casting further doubt on the chances for another interest rate increase this year, according to Commerce Department data released Friday. The report also showed a slowdown in consumer spending last month, which could be a drag on economic expansion in the second quarter. The Personal Consumption Expenditures price index, which tracksRead more

US stocks retreat amid economic data

New York - XINHUA

U.S. stocks ended lower after wavering in a tight range Monday, as Wall Street digested economic data for more indications on the country's economy health. The Dow Jones Industrial Average fell 54.30 points, or 0.30 percent, to 18,253.85. The S&P 500 lost 7.07 points, or 0.33 percent, to 2,161.20. The Nasdaq Composite Index was down 11.13 points, or 0.21 percent,Read more

US stocks retreat amid economic data

New York - XINHUA

US stocks jump after Fed keeps rates unchanged

New York - XINHUA

U.S. stocks posted solid gains Wednesday as the U.S. Federal Reserve left its federal funds rate unchanged after the conclusion of its two day policy meeting. The Dow Jones Industrial Average added 163.74 points, or 0.90 percent, to 18,293.70. The S&P 500 leapt 23.36 points, or 1.09 percent, to 2,163.12. The Nasdaq Composite Index increased 53.83 points, or 1.03 percent,Read more

US stocks jump after Fed keeps rates unchanged

New York - XINHUA

US dollar falls amid dovish comments on rate hike

New York - XINHUA

The U.S. dollar declined against most other major currencies on Monday as remarks by a key U.S. Federal Reserve official reduced expectations for a September rate hike. Fed Governor Lael Brainard, a voting member of the central bank's policymaking committee, said in a speech in Chicago on Monday that while economic progress continues, it would be wise for the FedRead more

US stocks decline after CPI data

New York - XINHUA

U.S. stocks ended lower after wavering in a tight range Friday, as investors pondered over the key inflation data ahead of the Federal Reserve's policy meeting next week. The Dow Jones Industrial Average dipped 88.68 points, or 0.49 percent, to 18,123.80. The S&P 500 lost 8.10 points, or 0.38 percent, to 2,139.16. The Nasdaq Composite Index was down 5.12 points,Read more

US stocks rally after downbeat jobs report

New York - XINHUA

U.S. stocks traded lower in the morning session Friday, as investors believed that the possibility of a September rate hike became lower following the release of a disappointing nonfarm jobs report. Around midday, the Dow Jones Industrial Average rose 89.10 points, or 0.48 percent, to 18,508.40. The S&P 500 added 8.34 points, or 0.38 percent, to 2,179.20. The Nasdaq CompositeRead more