WASHINGTON (Reuters) – U.S. consumer spending increased by the most in seven months in January as the government doled out more pandemic relief money to low-income households and new COVID-19
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U.S. consumer spending rebounds in January
FILE PHOTO: People count money at Macy’s Herald Square store during the early opening of the Black Friday sales in the Manhattan borough of New York, November 26, 2015. REUTERS/Andrew
Futures fall as tech stocks slide again
(Reuters) – U.S. stock index futures retreated on Friday as lofty tech stocks bled further amid elevated U.S. bond yields and prospects of a spike in inflation.FILE PHOTO: A statue
Wall Street tumbles on tech selloff as bond yields climb
(Reuters) – Wall Street’s main indexes dropped on Thursday, with the Nasdaq on track for its worst day in four months, as technology-related stocks remained under pressure following a rise
S&P 500 to gain 6% in rest of 2021: Reuters poll
NEW YORK (Reuters) – A surprisingly sharp rebound in the economy and earnings will drive further gains in U.S. stocks this year, though the S&P 500 is likely to end
Wall Street regains footing after Powell calms inflation jitters
(Reuters) – Wall Street’s main indexes gained ground on Wednesday as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell’s
Senate meetings on Tanden postponed, suggesting lack of support for Biden budget pick
FILE PHOTO: Neera Tanden, President Joe Biden’s nominee for Director of the Office of Management and Budget (OMB), testifies during a Senate Committee on the Budget hearing on Capitol Hill
Nasdaq futures subdued as tech sell-off deepens
(Reuters) – Futures tracking the tech-heavy Nasdaq were muted on Wednesday after sliding for six straight sessions as investors swapped growth-oriented technology shares with stocks that stand to gain the
Nasdaq futures subdued as tech sell-off deepens
(Reuters) – Futures tracking the tech-heavy Nasdaq were muted on Wednesday after sliding for six straight sessions as investors swapped growth-oriented technology shares with stocks that stand to gain the
U.S. consumer confidence rises in February: survey
FILE PHOTO: People wearing protective masks shop at Macy’s Herald Square following the outbreak of the coronavirus disease (COVID-19) in the Manhattan borough of New York City, New York, U.S.,