Stock market today: S&P 500, Dow, Nasdaq rise as CPI inflation cools, but weekly losses loom
View original at finance.yahoo.comStock market today: S&P 500, Dow, Nasdaq rise as CPI inflation cools, but weekly losses loom US stocks climbed on Friday but remained on track for weekly losses as Wall Street digested a cooler-than-expected inflation reading for a steer on the path of interest rates…
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Electricity and utility gas saw large year-on-year increases of 6.3% and 9.8% respectively, driven by data center power demand.
80% confidenceBrian Armstrong attempted to ease investor and analyst concerns following Coinbase's second-worst quarterly net loss ever.
80% confidencePinterest forecasts first quarter revenue below analysts' estimates.
80% confidenceCore CPI rose 0.3% month-on-month and 2.5% year-on-year in January.
80% confidenceGasoline prices dropped 3.2% month-on-month and fuel oil prices dropped 5.7% in January. On a yearly basis, gasoline prices have fallen 7.5% since last January.
80% confidenceConsumer prices increased 0.2% in January from a month earlier, and 2.4% on an annual basis.
80% confidenceElectricity prices shed 0.1% from the previous month in January, while utility gas services prices rose by 1%.
80% confidenceModerna reaffirmed its expectation of 10% revenue growth in 2026.
80% confidenceRivian's R2 midsize model is on track for delivery before the summer.
80% confidenceIt is important for Congress to pass a bill creating federal rules for digital assets by Spring.
80% confidenceHeadline energy costs fell 1.5% in January from the previous month and ticked down 0.1% from the previous year.
80% confidenceTraders are pricing in a 51% chance of at least one 25 basis-point cut by the Fed's June meeting; less than 10% pricing in a rate cut at the March meeting.
80% confidence