40 Mins Ago
Europe markets close higher
European markets closed higher on Wednesday as investors reacted to somewhat tepid U.S. inflation data.
The pan-European Stoxx 600 provisionally ended up 0.6%, with most sectors and major bourses in positive territory.
— Sam Meredith
An Hour Ago
Stocks on the move: International Distributions Services up 17%, Neste down 14%
Shares of Royal Mail-owner International Distributions Services jumped 17% in afternoon trading after the company said it was “minded to recommend” a revised takeover offer from Czech billionaire Daniel Kretinsky.
Meanwhile, shares of Finnish oil refiner Neste slumped 14% after the company on Tuesday issued a profit warning.
— Vicky McKeever
2 Hours Ago
S&P 500, Nasdaq open at new all-time high
Following a lighter-than-expected inflation report, the S&P 500 and Nasdaq Composite opened at new all-time highs during Wednesday’s trading session.
The broader market index added 0.4%, while the tech-heavy Nasdaq increased 0.6%. The Dow Jones Industrial Average gained 182 points, or 0.5%.
— Lisa Kailai Han
3 Hours Ago
U.S. stock futures rise on cooler-than-expected inflation data
U.S. stock futures rose Wednesday morning after the latest consumer price index reading came in lighter than expected.
The CPI rose 0.3% for the month of April, lower than the 0.4% forecast by economists polled by Dow Jones. The measure rose 3.4% year-over-year, in line with expectations.
Futures tied to the Dow Jones Industrial Average added 136…
