Market Snapshot: U.S. stocks climb after inflation data and ahead of earnings season

by | Apr 13, 2023 | Stock Market

U.S. stocks climbed on Thursday as traders parsed another batch of inflation data which suggested the Federal Reserve may be near the end of its interest rate hikes and as the first reports from what’s expected to be a gloomy first quarter earnings season arrived, with several marquee releases due on Friday. What’s happening U.S. stocks fizzled out Wednesday after early gains: the Dow Jones Industrial Average fell 38 points, or 0.11%, to 33,647, while the Nasdaq dropped more than 100 points, or almost 0.9%.accWhat’s…

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U.S. stocks climbed on Thursday as traders parsed another batch of inflation data which suggested the Federal Reserve may be near the end of its interest rate hikes and as the first reports from what’s expected to be a gloomy first quarter earnings season arrived, with several marquee releases due on Friday. What’s happening U.S. stocks fizzled out Wednesday after early gains: the Dow Jones Industrial Average fell 38 points, or 0.11%, to 33,647, while the Nasdaq dropped more than 100 points, or almost 0.9%.accWhat’s…

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