U.S. consumer confidence rebounds in May after three months of decline
The index of consumer confidence rebounded to 102 in May from a revised 97.5 in the prior month, the Conference Board said Tuesday. This is the first increase in the index after three straight declines.
Rate Hikes Aren't Off the Table, Fed's Kashkari Says
The most likely outcome is an extended period of rates at their current level, but the Fed could raise them again if inflation picks up.
S&P 500 Slips After Fifth Straight Week of Gains
U.S. stocks were mixed, with the S&P 500 joining the Dow industrials in negative territory while the Nasdaq Composite gained.
ECB's Knot: Key Rate Seen Falling Slowly in Response to 'Bumpy' Data
The European Central Bank will lower its key interest rate to less restrictive levels this year, but the timing will depend on how rapidly wages and prices cool, the head of the Dutch central bank said.
Home prices reach new high in March, Case-Shiller says, fueled by scarcity
Case-Shiller 20-city home price index rose 7.4% year-on-year in March.
Saudi Arabia to Raise $10 Billion to $20 Billion in Fresh Aramco Stock Sale
The long-awaited offering, if it proceeds, would alleviate near-term pressure on the kingdom to raise funds.
Cooling for AI is a Hot Stock Market Trade-for Now
Companies like Vertiv that can help artificial-intelligence data centers dissipate heat have had gains of more than 600%.
Israeli Tanks Close In on Central Rafah as Global Uproar Grows
The latest advance in the southern Gaza city comes days after one of Israel's airstrikes killed dozens of Palestinian civilians there, prompting condemnation from around the world.
Wall Street's Favorite Recession Indicator Is in a Slump of Its Own
Treasury yields have been inverted for the longest stretch on record.
Bullish Investors Are Piling Into Stock and Bond Funds
The flows mark a break from risk aversion and an embrace of the narrative that a strong U.S. economy will support financial markets.
(END) Dow Jones Newswires
05-28-24 1515ET
