* S&P 500 has biggest daily pct gain since May 2020. * Copper falls again, oil ends higher. * Treasury yields edge up. By Caroline Valetkevitch. Stocks on global markets rallied on Friday and registered strong gains for the week as a recent slide in commodity prices eased worries about inflation and the rate hike outlook.
The head of the International Monetary Fund on Friday underscored the importance of fighting inflation now to shore up the prospects for economic growth in the future, warning that doing so could cause "some pain" to consumers in the short run.
The Honduran government passed a month-long freeze on increases in gasoline and diesel prices on Friday, the country's energy minister announced, making the Central American nation the latest to intervene as inflation causes gas prices to skyrocket worldwide.
Moody's: * MOODY'S AFFIRMS UNITED STATES' AAA RATING; MAINTAINS STABLE OUTLOOK. * MOODY'S SAYS IT EXPECTS THE U.S. ECONOMY AND THE SOVEREIGN'S CREDIT PROFILE TO REMAIN RESILIENT TO SHOCKS. * MOODY'S SAYS UNITED STATES' RATING AFFIRMATION DRIVEN BY VIEW THAT THE U.S. IS EMERGING FROM THE PANDEMIC SHOCK WITH ITS CREDIT STRENGTHS INTACT.
With U.S stocks on track to mark their worst first half of the year in more than 50 years, investors are studying a range of metrics to determine whether the coming months could bring relief, or more of the same. By any stretch, the first half of 2022 has been a challenging one for investors.
Speculators trimmed their net
bearish bets on U.S. Treasury five-year note futures to their
lowest since September 2021 in the latest week, but increased
bearish bets in other parts of the curve, ...
With U.S stocks on track to mark their worst first half of the year in more than 50 years, investors are studying a range of metrics to determine whether the coming months could bring relief, or more of the same. By any stretch, the first half of 2022 has been a challenging one for investors.
- Bringing down inflation is the U.S. central bank's "number one priority right now," but raising interest rates to do so is unlikely to trigger a recession, San Francisco Federal Reserve Bank President Mary Daly said on Friday.
Four Corners Property Trust Inc (FCPT) : * FCPT ANNOUNCES ACQUISITION OF A DAVITA KIDNEY CARE PROPERTY FOR $2.2 MILLION Source text for Eikon: Further company coverage:
* S&P 500 has biggest daily jump since May 2020. * All 11 major S&P 500 sectors higher. * Bank stocks rally after clearing Fed's stress test. * FedEx (FDX) jumps after strong forecast. * Indexes up: Dow 2.68%, S&P 3.06%, Nasdaq 3.34% By Lewis Krauskopf, Sruthi Shankar and Anisha Sircar.
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