Corporate

US stocks climb as investors digest economic data and brace for wave of corporate earnings

5 days ago   |   By Business Insider

AP Photo/Richard Drew
Wall Street's key benchmarks rose Thursday, on course to extend a win streak.
Wholesale inflation in December showed signs of cooling with a reading of 0.2%.
Federal Reserve officials are ramping up messaging about hiking interest rates a few times this year.
US stocks rose Thursday, on course to extend a winning streak as investors assessed labor-market and inflation data while preparing for the steady stream of corporate earnings kicking off this week. All three of Wall Street's major benchmarks were headed toward a third consecutive win, staying in recovery mode...
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Wharton professor Jeremy Siegel sees the S&P 500 jumping 9% this year, saying stocks are the place to be when inflation is rising

5 days ago   |   By Business Insider

Wharton professor Jeremy Siegel is a long-time market commentator. REUTERS/Steve Marcus
Jeremy Siegel has said he sees the S&P 500 rising 9% in 2022 and that stocks are the place to be.
The Wharton finance professor said investors should be owning dividend-paying stocks to protect against price rises.
The Federal Reserve is likely to hike interest rates sharply in 2022 as it grapples with the strongest inflation in 39 years.
The S&P 500 could soar 9% in 2022, and investors should hold dividend-paying stocks as inflation shoots higher and interest rates rise, Wharton finance professor...
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US stock futures edge higher along with bond yields, as 39-year-high inflation reading sinks in

5 days ago   |   By Business Insider

It's been a rocky year so far on Wall Street. John Moore/Getty Images
US stock futures inched higher Thursday after data showed inflation soared to 7% in December.
Bond yields also rose slightly as investors digested the hottest inflation reading since 1982.
One strategist said he expects the key US bond yield to hit 2% but for stocks to continue to rise.
US stock futures edged higher, having earlier fallen into the red, as investors digested data which showed inflation hit a 39-year high in December. Bond yields also rose. S&P 500 futures were up 0.11%, Dow Jones futures were 0.06%...
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