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Market News, August 13, 2024: S&P 500 and Nasdaq close higher for fourth straight session, led by tech rally

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Markets News, August 12, 2024: S&P 500, Nasdaq Inch Higher as Stocks Stabilize After Last Week's Wild Ride

The S&P 500’s biggest moves on Tuesday 3 hours 37 minutes ago Moving forward Starbucks (SBUX) stock was the best performer in the S&P 500, up 24.5% after the coffee giant announced it had hired Chipotle (CMG) CEO Brian Niccol as its new CEO. The executive shakeup came amid pressure from activist investors Elliott Investment … Read more

Yields fall after mild producer inflation data pushes CPI higher By Reuters

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© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 14, 2024. REUTERS/Brendan McDermid/File Photo

By Alden Bentley NEW YORK (Reuters) – U.S. Treasury yields fell on Tuesday after a dovish producer price report that looked unlikely to divert the Federal Reserve from a easing path, while consumer price data on Wednesday will round out the inflation picture. The producer price index for July rose a less-than-expected 0.1% after rising … Read more