Although investing in a CD might be tempting when rates are high, you'll face fees and difficulty accessing the funds if you need to make an emergency withdrawal.
Ralph Lauren Corporation was among the biggest gainers in the S&P 500 as shares surged to a record high on Thursday after the company's third-quarter results came in better than expected.
Hershey beat fourth-quarter profit and sales estimates as the chocolate maker's price hikes helped offset the higher cost of cocoa.
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U.S. equities were mixed at midday as the market shifted its focus from events in Washington to the latest corporate earnings reports.
Rates on new 30-year mortgages saw a notable drop Wednesday—lowering the flagship average to its cheapest level since before Christmas. Several other averages also dipped.
Peloton Interactive shares jumped Thursday after the exercise equipment maker's second-quarter revenue and adjusted earnings forecast topped analyst estimates.
Most U.S. taxpayers expect a refund this year, and many plan to put it toward necessities. But a handful say they'll put it all in savings, where rates are currently high.
Amazon is slated to report its fourth-quarter results after the market closes Thursday, with analysts overwhelmingly bullish on the tech titan's stock.
Eli Lilly shares rose Thursday after the drugmaker's adjusted profit came in above estimates, offsetting weaker-than-expected revenue.
Demand for Philip Morris International's smoke-free products helped the tobacco giant beat fourth-quarter profit and sales estimates.
Coach and Kate Spade parent Tapestry posted record holiday-quarter sales, sending shares to an all-time high Thursday.