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NEW YORK (Reuters) -Wall Street's benchmark S&P 500 index rose on Wednesday and a rally in tech stocks lifted the Nasdaq above the 20,000-point milestone for the first time, after a U.S. inflation report boosted expectations of a Federal Reserve interest rate cut. The Dow Jones Industrial Average dipped, dragged by health insurers as U.S. lawmakers introduced a bill seen as crimping their profits. Five of the 11 major S&P 500 sectors advanced, led by gains in communication services, technology and consumer discretionary services.

Global shares and Wall Street indexes rose on Wednesday after an in-line inflation reading kept intact bets on the Federal Reserve cutting interest rates later this month. The dollar hit a two-week high, and gold prices rose. Oil prices finished up more than $1 after the European Union agreed to another round of sanctions threatening Russian oil.

(Bloomberg) -- US government bonds fell on Wednesday, failing to hold gains sparked by inflation data that were viewed as allowing the Federal Reserve to cut interest rates next week but leaving the longer-term outlook murky.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe selloff booste

(Bloomberg) -- Swings in the $29 trillion Treasury market have gotten smaller in reaction to fresh US inflation data, taking a back seat to labor market prints where volatility has accelerated.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamTwo-year Treasury yields increased by about 1 basi

(Bloomberg) -- Oil rose on the possibility of tighter sanctions on Russian crude, and algorithmic buying activity extended gains after US inventory data kept prices above a key technical floor. Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamWest Texas Intermediate climbed 2.5% to settle ab

BUENOS AIRES (Reuters) -Argentina's monthly inflation rate slowed to 2.4% in November, the lowest in over four years, the official INDEC statistics agency said on Wednesday, as locals began to warily hope the worst of a biting economic crisis might be over. The South American nation, facing a tough austerity drive by libertarian President Javier Milei, saw the monthly figure come in well below forecasts of 2.8% and lower than 2.7% a month earlier.

(Bloomberg) -- Argentina’s monthly inflation slowed to the lowest level since July 2020, handing President Javier Milei another victory on voters’ biggest concern a year after taking office.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersAmerican Institute of Architects CEO ResignsHong Kong's Expat Party Hub Reshaped by Chinese InfluxCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamConsumer prices rose 2.4% in November, compared with