2024-08-14 05:50:08
Stocks
Inflation
Markets
Stock Market Today: US Stocks Rise as Inflation Data Comes in Cool
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The Street
Nvidia, KeyCorp, Starbucks up; JetBlue slumps - Midday stock movers TheStreet Daily Newsletter
Finance
Economy
Chip stocks rally, Starbucks jumps on Starboard stake, KeyCorp surges 10% on Scotiabank investment in the Cleveland-based regional bank. JetBlue slumps 18% after debt plans, credit downgrades as its operating environment is expected to remain challenging, and it plans to sell $400 million of five-year convertible notes with revenue of $2.43 billion, down 7% from a year ago, and earnings of 8 cents a share, compared to 45 cents in the year-ago quarter.
The Street
Stock Market Today: Stocks higher with inflation data in focus TheStreet Daily Newsletter
Finance
Economy
U.S. equity futures advanced; investors await inflation data that could impact expected Federal Reserve rate cut; Wall Street analysts provided commentary on the market.
The Street
Goldman Sachs identifies an upcoming trade in stocks TheStreet Daily Newsletter
Finance
Economy
Goldman Sachs has become more concerned about recession risk, estimating a 25% chance in the next 12 months, up from 15% previously. However, chief U.S. economist David Mericle says recession risk remains limited overall, with the Fed having room to cut rates.
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