Yahoo Finance Daily
Stocks close higher in wait for inflation data: Stock Market News Today
Tue Jul 11 2023Description
Stocks closed higher in anticipation of inflation reports, while China takes steps to support its economy and Amazon's Prime Day promotion is closely watched. JetBlue Airways stock fell after an analyst downgrade, but Microsoft received a favorable ruling for its Activision Blizzard acquisition. DraftKings stock reached a new 52-week high.
Insights
Stocks close higher in anticipation of inflation reports
Investors are optimistic about the potential impact of inflation reports on the Federal Reserve's interest rate hikes.
China takes steps to support its economy
China's actions aim to bolster economic growth and stability.
Amazon's Prime Day promotion closely watched for retail insights
Experts are monitoring the event for trends and performance indicators in the retail industry.
JetBlue Airways stock falls after analyst downgrade
Concerns over the airline's balance sheet following its merger with Spirit led to a downgrade by an analyst.
Microsoft receives favorable ruling for Activision Blizzard acquisition
The ruling allows Microsoft to proceed with its planned purchase of Activision Blizzard.
DraftKings stock reaches new 52-week high
After a significant decline in value last year, DraftKings stock has rebounded and reached a new high point.
Chapters
- Stocks Close Higher in Anticipation of Inflation Reports
- China Takes Steps to Support Economy, Amazon's Prime Day Promotion Watched Closely
- JetBlue Airways Stock Falls After Analyst Downgrade
- Microsoft Receives Favorable Ruling for Activision Blizzard Acquisition
- DraftKings Stock Reaches New 52-Week High
Stocks Close Higher in Anticipation of Inflation Reports
00:00 - 03:59
- The Dow Jones Industrial Average led the gains, closing up over 350 points.
- The S&P 500 and NASDAQ composite also saw gains.
- US business confidence rose to a seven-month high in June, but concerns about tight labor market and price pressures remain.
- Investors are looking ahead to consumer and producer inflation reports later this week.
China Takes Steps to Support Economy, Amazon's Prime Day Promotion Watched Closely
00:00 - 03:59
- China is taking steps to support its economy while Amazon's Prime Day promotion is being closely watched for retail insights.
JetBlue Airways Stock Falls After Analyst Downgrade
00:00 - 03:59
- JetBlue Airways stock fell after an analyst downgraded shares due to balance sheet concerns related to its merger with Spirit.
Microsoft Receives Favorable Ruling for Activision Blizzard Acquisition
00:00 - 03:59
- Microsoft received a favorable ruling allowing it to complete its $69 billion purchase of Activision Blizzard.
DraftKings Stock Reaches New 52-Week High
00:00 - 03:59
- DraftKings stock reached a new 52-week high after experiencing a significant drop in value last year.