Reported about 14 hours ago
US stocks showed mixed performance as major indexes fluctuated following key earnings reports and the confirmation hearing of Treasury Secretary nominee Scott Bessent. While the S&P 500 stayed slightly above even and the Nasdaq dropped 0.2%, a recent consumer inflation easing raised speculation on potential Federal Reserve rate cuts. Bank of America and Morgan Stanley reported significant profit increases, whereas retail sales in December fell short of expectations, highlighting ongoing economic concerns. Investors are closely monitoring the impact of upcoming policy changes with Donald Trump's administration.
Source: YAHOO