NEW YORK, Jan 13 ― US stocks closed higher yesterday, extending recent gains as data showing a fall in consumer prices in December bolstered expectations of less aggressive...
NEW YORK, Jan 13 ― US stocks closed higher yesterday, extending recent gains as data showing a fall in consumer prices in December bolstered expectations of less aggressive interest rate hikes from the Federal Reserve.
Friday brings results from a number of big US banks, kicking off the start of the fourth-quarter earnings season for S&P 500 companies. Microsoft shares rose 1.2 per cent, providing the biggest boost to the S&P 500 and Nasdaq, while energy shares also were higher along with oil prices. Energy rose 1.9 per cent and was the day's best performer among sectors.
Also, overall S&P 500 earnings are expected to have declined year-over-year in the fourth quarter, according to IBES data from Refinitiv, which would be the first quarterly US earnings decline since 2020.
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