financetom
Market
financetom
/
Market
/
US Equities Markets End Mixed as Investors Await Inflation Data
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Equities Markets End Mixed as Investors Await Inflation Data
Jul 8, 2024 1:24 PM

04:05 PM EDT, 07/08/2024 (MT Newswires) -- US equity indexes ended mixed Monday as investors analyzed a survey of consumers' inflation expectations and awaited official consumer price index data for June, scheduled to be released later this week.

* US consumers' inflation expectations in June fell at the short- and longer-term horizons, but rose slightly at the medium-term horizon, according to a survey by the Federal Reserve Bank of New York.

* Official data are likely to show Thursday that consumer inflation in the US rose 0.1% sequentially and 3.1% annually last month, according to a Bloomberg-compiled consensus.

* August West Texas Intermediate crude oil fell $0.93 to $82.23 per barrel, while August Brent crude, the global benchmark, was last seen down $0.89 at $85.65.

* Morphic ( MORF ) shares jumped 75% after Eli Lilly ( LLY ) agreed to buy the biopharmaceutical company for roughly $3.2 billion.

* HilleVax ( HLVX ) shares sank more than 88% after the company said that the phase 2 study of its experimental vaccine, HIL-214, didn't meet its primary endpoint of efficacy against moderate or severe acute gastroenteritis in infants about five months of age.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Top Midday Stories: UnitedHealth, Johnson & Johnson, Bank of America, Morgan Stanley, PNC, Bank of New York Mellon, Northern Trust and Ericsson Report Q1 Earnings; AMD Launches New Processors; Meta's
Top Midday Stories: UnitedHealth, Johnson & Johnson, Bank of America, Morgan Stanley, PNC, Bank of New York Mellon, Northern Trust and Ericsson Report Q1 Earnings; AMD Launches New Processors; Meta's
Apr 16, 2024
12:00 PM EDT, 04/16/2024 (MT Newswires) -- The S&P 500 and the Nasdaq Composite were both down slightly in midday trading while the Dow Jones Industrial Average was up modestly as markets digested a new batch of corporate earnings. In company news, UnitedHealth Group ( UNH ) reported Q1 adjusted earnings Tuesday of $6.91 per share, up from $6.26 a...
US Stocks Mixed Ahead of Powell Remarks This Afternoon
US Stocks Mixed Ahead of Powell Remarks This Afternoon
Apr 16, 2024
12:39 PM EDT, 04/16/2024 (MT Newswires) -- US stocks were struggling for direction ahead of comments Tuesday afternoon from Federal Reserve Chair Jerome Powell that may indicate how recent reports showing inflation still running above the central bank's preferred range will affect plans of interest rate cuts. The S&P 500 was marginally down to 5,059. The Nasdaq Composite index was...
Homebuilder Stocks Tumble As Housing Starts Fall By 14.7%: 'A Poor Time To Buy A Home,' Says Economist
Homebuilder Stocks Tumble As Housing Starts Fall By 14.7%: 'A Poor Time To Buy A Home,' Says Economist
Apr 16, 2024
Homebuilder stocks face sharp declines as the SPDR Homebuilders ETF drops 1.8% in Tuesday’s session, hitting its lowest level since Feb. 26, 2024, amid negative economic data. From the start of the month, this performance gauge has fallen approximately 10%, marking the first market correction since September 2023 after a significant 60% rally in the six months leading up to...
US STOCKS-S&P, Nasdaq muted as bond yields rise; UnitedHealth boosts Dow
US STOCKS-S&P, Nasdaq muted as bond yields rise; UnitedHealth boosts Dow
Apr 16, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * UnitedHealth ( UNH ) gains on Q1 profit beat * Fed Chair Jerome Powell to speak at 1:15 pm ET * Indexes: Dow up 0.23%, S&P down 0.13%, Nasdaq down 0.06% (Updated at 11:38 a.m. ET/1538 GMT) By Shashwat...
Copyright 2023-2025 - www.financetom.com All Rights Reserved