Major U.S. indices surged Wednesday after consumer inflation came in lower than expected, and major banks posted strong fourth-quarter earnings. According to the U.S. Bureau of Labor Statistics, the Consumer Price Index increased 0.

The Labor Department estimates the economy added 256,000 jobs in December, indicating a resilient economy and labor market. For the Federal Reserve, which was already signaling a slowdown in rate cuts,

Stock futures jumped after Wall Street finally got an encouraging update on inflation. The producer price index rose 0.2% in December on a monthly basis, the Bureau of Labor Statistics said Tuesday. Economists polled by FactSet were forecasting a 0.

US stocks surged higher Wednesday after an encouraging inflation report and blockbuster profits for some of America’s biggest banks.

And some on Wall Street think this report may have ... "Inflation is stuck above target, with upside risks." Data from the Bureau of Labor Statistics released Friday showed 256,000 new jobs ...

All three of the US market averages (^DJI, ^IXIC, ^GSPC) fell by over 1.5% each — the Nasdaq Composite and Dow Jones Industrial Average both declined by 1.63% — in response to December's jobs data reported this morning.

Wall Street stocks fell, with the broad S&P 500 off 1.7 per cent and the tech-heavy Nasdaq Composite down 2.3 per cent. The S&P 500 fell to its lowest since the November 5th US election, erasing a rise over the period of as much as 5.5 per cent, according to FactSet data.

U.S. stocks were surging on Wednesday morning as Treasury yields fell after core inflation data came in below expectations, boosting bets that the Federal Reserve will still be able to cut interest rates this year.

Wall Street on Friday erased all the gains made in the fledgling year, after a hotter-than-expected jobs report. Read more here.

President Joe Biden will end his term with a relatively healthy labor market as the United States added a surprising 256,000 jobs in December and the unemployment rate ticked down to 4.1%.

It was no surprise when President Donald Trump this week issued a memorandum to the heads of federal departments and agencies, essentially directing them to get their employees back to the office full-time.

As U.S. President Donald Trump returns to the White House, it already seems clear that his second term will look little like his first. Many of Trump’s first-term appointments distanced themselves from his views and even denounced him.