Stocks open sharply higher as Wall Street gets relief from softer-than-expected core CPI inflation data
U.S. stocks were surging on Wednesday morning as Treasury yields fell after core inflation data came in below expectations, boosting bets that the Federal Reserve will still be able to cut interest rates this year.
Banks were among Wednesday’s biggest gainers after several of Wall Street’s biggest lenders posted big rises in quarterly profits, driven by strength in investment banking and trading. Citigroup, ...
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"I think for a lot of people, predicting the negative has been painful," Lazard's Ron Temple said.
Global market focus on Wednesday is on the U.S. consumer inflation index, which will be out at 8:30 a.m. ET. Economists ...
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