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Stock market today: Wall Street leans toward more gains ahead of important U.S. inflation update
Wall Street pointed toward gains early Friday ahead of a highly anticipated inflation update from the U.S. government. Futures for the S&P 500 were up 0.4% before the bell, while futures for the Dow Jones Industrial Average rose 0.2%. Chipmakers were broadly higher before the open, led by Marvell Technology, which was up 10.6% after its latest quarterly results hit Wall Street's sales and profit targets.
First Mover Americas: BTC Little Changed, on Course to End August Down 8%
The latest price moves in crypto markets in context for Aug. 30, 2024.
Inflation is causing pet parents to pull back on treats, says J.M. Smucker’s CFO
A sweet spot is Uncrustables "on track" to becoming a $1 billion brand, CFO Tucker Marshall says.
U.S. home prices forecast to rise modestly as Fed cuts rates - Reuters poll
U.S. home prices will rise relatively modestly this year and next despite tight supply and expected U.S. Federal Reserve interest rate cuts, according to housing analysts polled by Reuters who said purchasing affordability will improve but would remain strained. Forecasts for U.S. house prices have barely changed since the previous survey three months ago, despite more aggressive expectations in financial markets for interest rate cuts, suggesting this upswing will be more subdued than in the recent past. Much of that price appreciation has to do with homeowners who have locked in low 30-year mortgage rates - most under 5% and some even below 3% - and who are unwilling to part ways with their homes on such cheap deals.