The S&P 500 closed higher for the fifth straight session. The Dow Jones Industrial Average climbed 242 points, while the Nasdaq Composite eked out a 0.03% gain.
A trader works on the floor of the New York Stock Exchange during morning trading on March 4, 2024 in New York City.This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeeked out a 0.03% gain after spending most of the session in negative territory. Meanwhile, the yield on the 10-year.
"The flare-up in inflation from earlier this year is over," Rupkey said, adding that while inflation isn't completely gone, core consumer price pressures are mild. Rupkey expects Fed Chair Jerome Powell to give a "thumbs up" for a rate reduction at the upcoming Jackson Hole symposium. "I've been predicting since the summer of 2022 that we get to 2% to 3% by the end of last year and early this year, and we're basically there," Yardeni told CNBC's "However, Yardeni pointed to geopolitical tensions, particularly between Russia, Ukraine, and the Middle East, as his primary concern, noting the recent
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