Stocks drift higher as market eyes inflation data
U S stock indexes end near record levels with the S&P 500 up 0.2 percent, the Dow barely higher and the Nasdaq up 0.5 percent. Amazon hits $2 trillion in market value while Nvidia already joined $3 trillion peers. FedEx surges 15.5 percent on strong quarterly results as Chipotle gains on a 50-for-1 split. Inflation data due Friday could guide Fed policy.
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Associated Press
GOP ex rep Kinzinger endorses Biden in high stakes bid
Former Rep Adam Kinzinger urged Republicans and independents to back Joe Biden, calling Trump a threat to democracy and urging the GOP to change course. He joined Biden at a Georgia news conference and highlighted his Capitol attack past and impeachment vote as context for his support.
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IRS delays in ID theft probe called unconscionable
An IRS watchdog says while taxpayer services improved the agency still slow to resolve identity theft cases. The 2024 filing season went smoothly overall after multiyear funding from the Inflation Reduction Act.
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Washington
IRS
National Taxpayer Advocate
Congress
Joe Biden
Erin M. Collins
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