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What Selloff? Stocks End August Higher After Head-Spinning Swings 
 

U.S. stock indexes closed a tumultuous August with gains, riding a string of encouraging economic data to overcome concerns about the labor market.

 
Stable U.S. Inflation Keeps Door Open For Moderate Fed Cuts 
 

The latest U.S. inflation data supports forecasts of moderate, rather than rushed, interest rate cuts starting next month, as long as employment levels hold up and Americans keep spending.

 
The Score: Nvidia, Super Micro Computer, Dollar General and More Stocks That Defined the Week 
 

Here are some of the major companies whose stocks moved on the week's news.

 
China's Central Bank Starts Govt Bond Trading in Highly Anticipated Move 
 

About $14 billion has been injected into the financial system via open market operations after concerns about the risks posed by the country's extended bond rally, which has pushed Chinese long-term yields to record lows.

 
Consumer sentiment improves a bit more in late August 
 

The second and final reading of the University of Michigan's U.S. consumer-sentiment index in August rose slightly to 67.9 from a preliminary 67.8 released earlier in the month, the University of Michigan said Friday.

 
Canada GDP Growth Strengthens to 2.1% in Second Quarter 
 

The data, which leaned on drivers that could prove fleeting, likely leaves the path clear for the central bank to cut interest rates again next week.

 
U.S. Calls for Talks in Dispute Over Canada's New Digital-Services Tax 
 

Canada Trade Representative Katherine Tai said if the countries can't find a resolution through consultation within 75 days, the U.S. may under USMCA rules request a dispute-settlement panel to examine the matter.

 
Chicago business activity index remains in contraction territory in August 
 

The Chicago Business Barometer, also known as the Chicago PMI, rose to 46.1 in August from 45.3 in July, staying in contraction territory for the ninth straight month.

 
Eurozone Inflation Closes in on ECB Target 
 

Eurozone inflation fell sharply in August to its lowest level since mid-2021, when the global surge in consumer prices that prompted an unprecedented rise in interest rates was just getting started.

 
Tokyo Inflation, Output Recovery Suggest BOJ Will Raise Rates Again 
 

Consumer inflation in the Tokyo metropolitan area rose at a faster-than-expected pace in August, stoking speculation that the Bank of Japan will soon raise interest rates again.

(END) Dow Jones Newswires

August 30, 2024 19:15 ET (23:15 GMT)

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