Stock Market News,

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Stock Market News, Nov. 15, 2023: Dow Ends Higher, Indexes Rise After Post-CPI Rally

Target shares jump after earnings beat forecasts; Benchmark 

Treasury yield rises

Stocks rose again Wednesday after fresh data suggested that the U.S. economy is slowing. Retail sales fell slightly in October, the first decline since March. Producer prices fell 0.5% in October, the biggest drop since April 2020.

The day's advances followed softer-than-expected U.S. inflation data on Tuesday that sent equities and bonds soaring. Read Wednesday's full markets roundup here.

The data made investors more confident that the Federal Reserve is not only done raising rates, but will shift next year to rate cuts.

As of late Wednesday:

Stocks pushed upward. All three major U.S. indexes rose. The blue-chip Dow rose 0.5%, or 164 points, logging a fourth straight daily advance.

Target jumped after the retailer's results exceeded Wall Street forecasts. Shares of discount retail company TJX fell after its outlook failed to impress investors.

Bond yields rose as prices fell. The yield on the 10-year note settled at 4.535%.The benchmark yield on Tuesday posted its largest daily decline since the March banking crisis. The two- and 30-year yields also rose.

The dollar rose a bit after its worst day in a year. The WSJ Dollar Index advanced 0.2%. Bitcoin was at $37,621 as of 5 p.m. ET, its highest late-day level since May 2022.


Crude oil futures fell. U.S. and international benchmarks both sold off more than 1%. Global benchmark Brent crude settled a bit above $81 a barrel.

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