Dow jumps 300 points as US stocks rise ahead of important June inflation reading
US stocks ended higher on Tuesday as investors got ready to sift through an important reading of the Consumer Price Index for June.
The key inflation data will be published Wednesday morning. It comes ahead of the Federal Reserve's next policy meeting on July 25-26. Inflation has been falling steadily this year, and clocked in at a 4% year-over-year pace in May, the slowest rate in two years. Yet, Fed officials say they're still not satisfied with the pace of dis-inflation. Officials this week have said that two more rate hikes would likely be justified this year to get inflation back down to the central bank's 2% target.
Big gains in Tuesday's session were seen for Activision Blizzard, which jumped as much as 11% after a federal judge said Microsoft could proceed with its $69 billion takeover of the game publisher. It's a blow to the Federal Trade Commission, which has sought to push back against mega-mergers it says are bad for consumers.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow closes 300 points higher Tuesday as key consumer inflation report looms: Live updatesU.S. stocks rose Tuesday, after the major averages snapped a three-day decline, as traders awaited key inflation data slated for release later in the week. The Dow surged 0.93%. The S&P 500 rose 0.67%. The Nasdaq gained 0.55%.
Read more »
Salesforce to raise prices by 9%, and stock rises to lead the Dow’s premarket gainersShares of Salesforce Inc. jumped 3.5% toward a six-week high in premarket trading Tuesday, after the customer-relationship management software company said...
Read more »
Bitcoin could surge 300% to $120,000 as miners reduce token salesBitcoin could surge 300% to $120,000 next year as miners reduce token sales, Standard Chartered says
Read more »
GameStop COO sells $2.8 million worth of stock, CFO also proposes stock salesShares of GameStop Corp. eased 0.3% in morning trading Tuesday, after executives filed to sell some of the consumer electronics and videogame retailer’s...
Read more »
HyperX’s 300-Hour Battery Life Headset Is Cheaper Than EverWe've literally never figured out how exactly these HyperX headphones deliver over 300 hours of battery life. At their PrimeDay price of $150 you're basically paying 50 cents for every hour of battery this magic headset delivers. 📷: HyperX
Read more »
Dow, S&P 500 kick off week higher ahead of inflation numbersThe S&P 500 and the Dow rose on Monday, recovering losses from last week.
Read more »