STOCKS HIT ALL-TIME HIGHS: Here's what you need to know
AP
Here's the scoreboard:
- Dow: 20,607.54, +103.13, (0.50%)
- S&P 500: 2,348.69, +11.11, (0.48%)
- Nasdaq: 5,817.51, +34.94, (0.60%)
- Andrew Puzder, President Donald Trump's pick for Secretary of Labor, has dropped out of the running for the position. The fast-food executive had been scrutinized for his treatment of workers.
Verizon has tentatively reached a revised deal with Yahoo, according to Bloomberg, which cuts Yahoo's price by about $250 million. Verizon reportedly reconsidered the $4.8 billion deal in December after news of Yahoo's security breach.
The Centers for Medicare and Medicaid Services on Wednesday morning announced new proposed rules for the Affordable Care Act's individual insurance exchanges. They would be the first tweaks to Obamacare under Trump.
- Retail sales were much stronger than expected in January, climbing by 0.4%, according to the Commerce Department. A large help came from gasoline sales, as prices continue to increase from the oil crash.
- Consumer prices rose by the most in four years in January, according to the Department of Labor. The consumer price index (CPI) - comprised of a basket of items ranging from clothes to pills - climbed 0.6% month-on-month.
- Industrial production, the Federal Reserve's gauge of the manufacturing sector, disappointed at the beginning of 2017. It slipped by 0.3%, while capacity utilization fell to 75.3% from 75.6%.
Additionally:
AETNA CEO: The Obamacare exchanges are in a 'death spiral'
One of Wall Street's top equity analysts reveals his biggest fear for 2017
Trump thinks Wall Street regulations are killing America and only Goldman Sachs can save us
FED'S ROSENGREN: I think we could hike rates at least 3 times in 2017
KRUGMAN: If Trump 'were a Democrat, impeachment hearings would already be underway'
Warren Buffett is investing $8 billion in an industry he once called a 'death trap'
- Should you be worried about the potential side-effects of the Covishield vaccine?
- India T20 World Cup squad: KulCha back on menu, KL Rahul dropped
- Sales of homes priced over ₹4 crore rise 10% in Jan-Mar in top 7 cities: CBRE
- Gold prices fluctuate as geopolitical tensions ease; US Fed meeting, payroll data to affect prices this week
- Best beaches to visit in Goa in 2024