Wall Street rises to turn a dismal week into just a bad one [Los Angeles Times (CA)]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: Los Angeles Times
The Standard & Poor's 500 rallied 1.1% for its best day in six weeks and shaved its loss for the week down to 2%. The Dow Jones industrial average jumped 1.2%, and the Nasdaq composite gained 1%. Superstar stock Nvidia and other Big Tech companies led the market, which got a lift after a report said a measure of inflation the Federal Reserve likes to use was slightly lower last month than economists expected. It's an encouraging signal after recent reports suggesting inflation may be tough to get all the way down to the Fed's 2% goal from its peak above 9%. The threat of higher inflation was one of the reasons Fed Chair Jerome H. Powell gave this week when the central bank hinted it may deliver fewer interest rate cuts next year than it earlier expected. That warning sent a shock through the stock market, which had run to 57 all-time highs this year amid the widespread assumption the Fed would deliver a string of cuts to rates into 2025. Now traders are largely betting on one,
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SPGI
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- 10/25/24 - Beat
SPGI
Sec Filings
- 12/17/24 - Form 4
- 12/12/24 - Form 144
- 12/5/24 - Form 3/A
- SPGI's page on the SEC website