Global Stocks Climb as Investors Eye Inflation Data

1 min read
Source: Yahoo Finance
Global Stocks Climb as Investors Eye Inflation Data
Photo: Yahoo Finance
TL;DR

Global equities dipped slightly while U.S. Treasury yields rose to multi-week highs as investors awaited key inflation data expected to provide insights into U.S. interest rates. U.S. consumer confidence improved unexpectedly, and house price growth slowed. The Nasdaq hit a record high, driven by Nvidia's performance, while the Dow and S&P 500 showed mixed results. Treasury yields rose following weak debt auctions, and the dollar strengthened. Oil prices increased on expectations of OPEC+ maintaining supply curbs, and gold prices saw a slight rise.

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