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The Latest Breaking News from University of Michigan

S&P 500 and Dow Jones Industrials Post Record High on Rate Cut Optimism

The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.55%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.62%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.59%. Stock indexes Friday settled higher, with the S&P 500 and Dow Jones Industrials posting...

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Dollar Slides on Improved Fed Rate Cut Prospects

The dollar index (DXY00 ) Friday fell by -0.33% and posted a 5-week low. Friday’s rally in the S&P 500 to a new all-time high curbed liquidity demand for the dollar. The dollar was also undercut after the University of Michigan’s US consumer sentiment index unexpectedly fell to an 8-month...

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Stocks Move Higher on Improved Fed Rate Cut Prospects

The S&P 500 Index ($SPX ) (SPY ) today is up +0.92%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.75%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.19%. Stock indexes today are higher, with the Dow Jones Industrials posting a 7-week high....

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Dollar Weakens as Stocks Recover and US Consumer Sentiment Falls

The dollar index (DXY00 ) today is down by -0.23%. The dollar today is moderately lower and holding above Thursday’s 1-month low. A rebound in stocks today from Thursday’s losses has curbed liquidity demand for the dollar. The dollar was also undercut after the University of Michigan’s US consumer sentiment...

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Stocks Erase Early Gains and End Lower on Rising Bond Yields

The S&P 500 Index ($SPX ) (SPY ) Friday closed down -0.41%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.54%. Stock indexes Friday gave up early gains and settled moderately lower, with the S&P...

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Dollar Slightly Lower as Rate Cut Prospects Improve

The dollar index (DXY00 ) Friday fell by -0.03%. The dollar on Friday moved slightly lower after the US May core PCE price index, the Fed’s preferred inflation gauge, eased to +2.6% y/y, the slowest pace in 3 years, which improves the chances of Fed interest rate cuts this year....

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S&P 500 and Nasdaq 100 Post Record Highs on US Economic Strength and Easing Inflation

The S&P 500 Index ($SPX ) (SPY ) today is up +0.26%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.31%. Stock indexes today are moderately higher, with the S&P 500 and Nasdaq 100 posting...

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Dollar Slightly Higher on US Economic Strength

The dollar index (DXY00 ) today is up by +0.05%. The dollar today recovered from early losses and posted modest gains on signs of strength in the US economy after the Jun MNI Chicago PMI rose more than expected to a 7-month high and the University of Michigan US Jun...

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University Of Michigan Fails To Address Hostile Campus Environment

U.S. Education Department investigates University of Michigan for failing to address hostility during Israel-Hamas conflict protests, leading to inquiries ...

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Stocks Set to Open Mixed as Investors Await U.S. Economic Data and Fed Speak

June S&P 500 E-Mini futures (ESM24) are down -0.03%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.12% this morning as market participants looked ahead to a fresh batch of U.S. economic data and comments from a host of Federal Reserve officials.

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Stocks Settle Mixed as French Political Risks Spark Risk-Off Sentiment

The S&P 500 Index ($SPX ) (SPY ) Friday closed down -0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.42%. Stock indexes Friday settled mixed, with the Nasdaq 100 posting a new all-time high...

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Stocks Mixed after Weak US Economic News and European Political Uncertainty

The S&P 500 Index ($SPX ) (SPY ) today is down -0.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.51%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.14%. Stock indexes today are mixed, with the Dow Jones Industrials falling to a 1-1/2...

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Stock Index Futures Slip After Hitting New Records, U.S. Economic Data on Tap

June S&P 500 E-Mini futures (ESM24) are down -0.52%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.29% this morning after both the benchmark S&P 500 and tech-heavy Nasdaq 100 posted their fourth straight record closes in the previous session, with investors awaiting the University of Michigan survey of…

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Stock Index Futures Fall After Hitting New Records, U.S. Economic Data on Tap

June S&P 500 E-Mini futures (ESM24) are down -0.39%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.12% this morning after both the benchmark S&P 500 and tech-heavy Nasdaq 100 posted their fourth straight record closes in the previous session, with investors awaiting the University of Michigan survey of…

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Stock Index Futures Mixed After Hitting New Records, U.S. Economic Data on Tap

June S&P 500 E-Mini futures (ESM24) are down -0.34%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.05% this morning after both the benchmark S&P 500 and tech-heavy Nasdaq 100 posted their fourth straight record closes in the previous session, with investors awaiting the University of Michigan survey of…

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Michigan Law Firm Vandalized With Pro-Palestinian Graffiti

Authorities investigate pro-Palestinian graffiti on a law firm's building in Southfield, Michigan as a potential hate crime. University of Michigan regent ...

The Independent UK

University of Michigan regent's law office vandalized with pro-Palestinian graffiti

Police in suburban Detroit are investigating pro-Palestinian graffiti spray-painted on the exterior of a law firm as a hate crime

TechRadar

"The kitchen sink of the atomic world": Affordable material could pay crucial role in reducing AI energy use by a factor of 90 — memristors may help current AI system mimic biological neural networks function

Researchers at the University of Michigan want to give AI chips a sense of time using memristors that mimic biological neural networks.

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Stocks Rebound as Consumers Temper Inflation Expectations

The S&P 500 Index ($SPX ) (SPY ) today is up +0.44%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.71%. US stock indexes today are moderately higher. Some positive corporate news is boosting stocks...

Fortune

Consumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist says

"This positive spending is not a reflection of some sort of internalized secret sense of confidence that consumers have."

The Guardian - US

Dow Jones passes 40,000 points for first time amid strong quarterly results

Index has more than doubled since spring 2020 as investors hope for interest rate cuts following Federal Reserve inflation figures

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Stocks Set to Open Higher as Investors Await U.S. Inflation Data and Retail Earnings, Fed Speak on Tap

June S&P 500 E-Mini futures (ESM24) are up +0.15%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.26% this morning as market participants looked ahead to the release of U.S. inflation data, quarterly earnings reports from retail heavyweights, and a parade of Fed speakers.

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Pro-Palestinian Protests Disrupt U.S. University Commencements

Protests over Israel-Hamas conflict impact U.S. university commencements, leading to disruptions and demonstrations.

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Stocks Shake off Mostly Negative News to Close Mildly Higher

The S&P 500 Index ($SPX ) (SPY ) Friday rose +0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) rose +0.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) rose +0.26%. US stocks on Friday gained support from chip stocks and generally positive Q1 earnings results. Q1 earnings...

Al Jazeera

Are US graduation ceremonies the latest battleground for Gaza protests?

Here’s how pro-Palestine campus protests and encampments are affecting graduation ceremonies at US universities.

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