The Latest Breaking News from ECB

The ECB's chief is tired of people blaming Taylor Swift for the Eurozone’s sticky inflation

“It’s not just Taylor Swift, you know,” Christine Lagarde told the ECB Forum. “Others have come as well.”

Fortune · Jul 3, 2024

Stocks Post Moderate Gains as Powell Says Inflation is Receding

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.62%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.41%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.01%. Stock indexes Tuesday finished moderately higher. Stocks found support Tuesday from lower bond yields...

Barchart · Jul 2, 2024

Dollar Dips on Dovish Comments from Fed Chair Powell

The dollar index (DXY00 ) Tuesday fell by -0.17%. The dollar on Tuesday moved lower, pressured by a decline in T-note yields. The dollar extended its losses Tuesday based on dovish comments from Fed Chair Powell, who said prices now show signs of resuming their disinflation trend. Losses in the...

Barchart · Jul 2, 2024

Weak US Economic News and Euro Strength Weighs on the Dollar

The dollar index (DXY00 ) today is down by -0.25%. The dollar today is moderately lower due to the strength of the euro. Losses in the dollar accelerated after the US Jun ISM manufacturing index and May construction spending unexpectedly declined. Dollar losses are limited due to higher bond yields...

Barchart · Jul 1, 2024

Stocks Erase Early Gains and End Lower on Rising Bond Yields

The S&P 500 Index ($SPX ) (SPY ) Friday closed down -0.41%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.54%. Stock indexes Friday gave up early gains and settled moderately lower, with the S&P...

Barchart · Jun 28, 2024

Dollar Slightly Lower as Rate Cut Prospects Improve

The dollar index (DXY00 ) Friday fell by -0.03%. The dollar on Friday moved slightly lower after the US May core PCE price index, the Fed’s preferred inflation gauge, eased to +2.6% y/y, the slowest pace in 3 years, which improves the chances of Fed interest rate cuts this year....

Barchart · Jun 28, 2024

Stocks are Mixed on the Last Trading Day of Q2

The S&P 500 Index ($SPX ) (SPY ) today is up +0.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.11%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.02%. Stock indexes today are mixed in today's afternoon trade. Earlier this morning, the S&P...

Barchart · Jun 28, 2024

S&P 500 and Nasdaq 100 Post Record Highs on US Economic Strength and Easing Inflation

The S&P 500 Index ($SPX ) (SPY ) today is up +0.26%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.31%. Stock indexes today are moderately higher, with the S&P 500 and Nasdaq 100 posting...

Barchart · Jun 28, 2024

Dollar Slightly Higher on US Economic Strength

The dollar index (DXY00 ) today is up by +0.05%. The dollar today recovered from early losses and posted modest gains on signs of strength in the US economy after the Jun MNI Chicago PMI rose more than expected to a 7-month high and the University of Michigan US Jun...

Barchart · Jun 28, 2024

Stocks Climb as the Fed’s Favored Inflation Gauge Falls

The S&P 500 Index ($SPX ) (SPY ) today is up +0.32%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.35%. Stock indexes today are moderately higher, with the S&P 500 and Nasdaq 100 posting...

Barchart · Jun 28, 2024