04:50 PM EDT, 07/12/2024 (MT Newswires) -- The Standard & Poor's 500 index rose 0.9% this week, trading near records, despite mixed inflation data and bank earnings. The S&P 500 ended the week at 5,615.35. The market benchmark reached a new intraday high at 5,655.56 on Friday but failed to end the session above its record closing level of 5,633.91...

NEW YORK, July 12 (Reuters) - Looming U.S. interest rate cuts are presenting investors with a tough choice: stick with the Big Tech stocks that have driven returns for more than a year or turn to less-loved areas of the market that could benefit from easing monetary policy. Owning massive tech and growth companies such as Nvidia ( NVDA )...

04:52 PM EDT, 07/12/2024 (MT Newswires) -- US benchmark equity indexes rose Friday as markets evaluated the latest producer prices data, while a survey showed easing consumer inflation expectations. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite gained 0.6% each to finish at 40,000.9, 5,615.4 and 18,398.4, respectively. Among sectors, consumer discretionary, materials and technology led...

04:27 PM EDT, 07/12/2024 (MT Newswires) -- US equity indexes ended the week higher as gains in sectors set to benefit from a cut in interest rates, following a third consecutive month of easing annual consumer price inflation, made up for weakening in technology's narrow market leadership. * The Dow Jones Industrial Average closed at 40,000.90 on Friday after hitting...