Alibaba Group Holding Ltd (NYSE: BABA) shares are trading higher Wednesday following reports that factory activity in China expanded at its fastest pace in more than a decade last month, boosting overall economic sentiment.
Markets traded lower during Friday’s pre-market session following the Bureau of Economic Analysis report on a 5.4% increase in the personal consumption expenditures (PCE) price index for the month of January.
The latest batch of inflation data sent U.S. Treasury rates to the highest level since November and the SPDR S&P 500 ETF Trust (NYSE: SPY) lower once again this week.
A pair of economic indicators are injecting worry into market bulls Thursday morning. Here's a look at what the data means for the Federal Reserve, and ultimately the markets.
Retail sales in the U.S. increased more than economists anticipated last month, suggesting economic activity picked up to start the year following a slowdown around the holiday season.
Inflation cooled slightly in January, but saw increases in some areas due to the impact of surging food, energy and shelter prices on consumers, the U.S Labor Department said Tuesday.