S&P 500 Opens Higher After Rocky Week of Trading

As the long Memorial Day weekend approached, the Dow industrials, S&P 500 and Nasdaq Composite traded higher after the opening bell. 


 
U.S. consumer sentiment darkens in May on worries of higher inflation

According to the survey, Americans think inflation will average 3.3% in the next year, up from an expectation of 3.2% in the prior month. 


 
U.S. durable goods see third straight months of gain, a potential sign a slump may be ending

Overall, manufacturing has been stuck in neutral and may remain there until interest rates ease. 


 
Treasury Bills Are the Best Place to Park Your Cash. Just Ask Warren Buffett.

Their 5%-plus yield looks attractive-especially with the Federal Reserve unlikely to cut interest rates soon. 


 
Citi Isn't the Only One With a Fat Finger Problem

Being rushed, typos and confusing ticker symbols are among the reasons small investors cite when they've bought the wrong stock. 


 
Goldman Moves Back Rate-Cut Forecast. The Economy Is Tough to Predict.

The investment bank's latest forecast is now in line with the market's expectations as shown by the CME Fedwatch Tool. 


 
Week Ahead for FX, Bonds: U.S. and Eurozone Inflation, China PMIs in Focus

U.S. PCE inflation data will be watched for clues about when the Federal Reserve may start cutting interest rates, while eurozone inflation figures will be scrutinized ahead of an expected rate cut by the European Central Bank in June. 


 
U.K. Shoppers Spend Less as Inflation, Rain Hit Sales

Retail sales fell 2.3% in April, more sharply than forecast, as consumers proved reluctant to spend in stores as poor weather reduced footfall and inflation was still high. 


 
Ether ETFs near debut as some Democrats see 'fervent opposition' to crypto as political liability

U.S. regulators took a major step forward Thursday toward green-lighting a spot ether exchange-traded product that could potentially lead to mainstream adoption of the world's second-most popular cryptocurrency. 


 
Expect Higher-for-Longer Interest Rates, Fed's Bostic Says

Atlanta Federal Reserve President Raphael Bostic expects to hold interest rates steady until it is clear that inflation is heading back to 2%.


(END) Dow Jones Newswires

05-24-24 1115ET