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Snowball Cookies

Buttery, nutty, and blanketed with powdered sugar, these nostalgic snowball cookies make a festive addition to any cookie tray. Here’s a clear, calm, truly step‑by‑step guide so you can just follow along and bake. Recipe overview Snowball Cookies  Yield: About 36 cookies Oven temperature: 350°F Pan: Unlined baking sheet (you can use parchment if you like, but not necessary) Ingredients: 1 cup unsalted butter, softened (2 sticks) ½ cup confectioners’ (powdered) sugar, plus more for coating 1 teaspoon vanilla extract 2¼ cups all‑purpose flour ¼ teaspoon salt ¾ cup finely chopped pecans (or walnuts) Instructions: 1. Get ready Soften the butter Take the butter out of the fridge about 1 hour before baking. It should be soft enough to press a finger in easily, but not melted or greasy. Preheat the oven Set oven to 350°F . Make sure the rack is in the center position. Prepare your pans Use unlined baking sheets (or line with parchment if you prefer). No need to...
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Stock Market Today: S&P 500 Breaches 5,300 as Stocks Rally to Records After CPI

 


U.S. stocks rallied on Wednesday, with all three major indexes closing at record highs. A soft reading on consumer prices fueled hopes that the Federal Reserve could cut interest rates sooner than expected.
  • The S&P 500 rose nearly 1.2%, closing at 5,308.18, above 5,300 for the first time ever.
  • The Dow Jones Industrial Average jumped about 0.9%, creeping closer toward the 40,000 level.
  • The tech-heavy Nasdaq Composite climbed about 1.4%, notching its second record close in as many days.

The Consumer Price Index rose 0.3% over the previous month and 3.4% over the prior year in April, a deceleration from March. “Core” inflation, which strips out the cost of food and gas, also cooled. This relatively cool inflation reading led the 10-year Treasury yield to fall 4.35%, its lowest level in a month, and sparked new bets on Fed rate cuts as soon as September. Around 70% of traders now expect at least one cut by the September meeting, a notable increase from a week ago.

Stocks have ground higher amid rekindled confidence that the U.S. economy is in good enough shape for the Federal Reserve to start bringing down rates from their current historic highs. That optimism has fueled a resurgence in bullishness in the market.

Elsewhere on the macroeconomic front, retail sales fell flat last month, coming in well short of Wall Street’s expectations.

In summary, the stock market continues to surge, and investors are closely watching inflation data and Fed policy decisions.


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