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Move Over Stubborn Inflation, Trump’s Bull Market Hits Record Highs Again
24/7 Wall St.84d agobullish
Move Over Stubborn Inflation, Trump’s Bull Market Hits Record Highs Again

The Dow Jones Industrial Average punched through to a fresh record this week, its first since February, while the University of Michigan Consumer Sentiment Index sat at 49.8 in April, a reading the survey treats as recessionary. That gap, between Wall Street running and Main Street flinching at the checkout, was the through-line of Fox ... Move Over Stubborn Inflation, Trump’s Bull Market Hits Record Highs Again

Cerebras Soars — Heard on the Street Thursday Recap
The Wall Street Journal92d agobullish
Cerebras Soars — Heard on the Street Thursday Recap

President Trump and Chinese leader Xi Jinping agreed Iran shouldn't control the waterway. The S&P 500 rose 0.8%, and the Nasdaq Composite jumped 0.9%. Shares of Cerebras Systems priced at $185 in their public offering and opened trading at $350 on Thursday.

Cerebras Soars: Heard on the Street Thursday Recap
The Wall Street Journal93d agobullish
Cerebras Soars: Heard on the Street Thursday Recap

President Trump and Chinese leader Xi Jinping agreed Iran shouldn't control the key waterway. The S&P 500 rose 0.8%, and the Nasdaq Composite jumped 0.9%. Shares of Cerebras Systems priced at $185 in their public offering and opened trading at $350 on Thursday.

Dow Surges Back Above 50,000
Barrons.com93d agobullish
Dow Surges Back Above 50,000

Stocks opened higher after a pair of healthy economic reports, with the Dow getting a boost to 50,000 from Cisco’s strong earnings. The Dow was up 0.8%, to trade at 50,080.30. The picture for the U.S. economy is positive, with retail sales coming in healthy and jobless claims showing the labor market continues to hum.

Stocks Rally While Inflation Takes 30-year Yield to 5%
Barrons.com94d agobullish
Stocks Rally While Inflation Takes 30-year Yield to 5%

Wall Street was split on Wednesday, with stocks charging higher while Treasuries sold off following another poor auction that saw the 30-year Treasury yield reach 5%. The Dow fell 0.1%. Stocks gained despite a high inflation reading: Wholesale energy prices climbed 7.8% in April from March.

Stock Futures Rise as Trump Goes to China
Barrons.com94d agobullish
Stock Futures Rise as Trump Goes to China

Tech stocks looked set to rise on Wednesday as investors bought the dip ahead of President Donald Trump’s summit with China's premier Xi Jinping in Beijing. The three major indexes all slid on Tuesday after the April consumer price index report showed inflation picked up faster than expected last month. The market will be keeping a close eye on Trump’s trip to China, with the two leaders expected to discuss trade and the Iran war.