The CPI inflation rate fell faster than expected in December. However, core inflation, which excludes food and energy, only slowed as expected amid persistent services inflation. The S&P 500 rose slightly late Thursday morning stock market, oscillating between slight losses and gains after the release of the consumer price index. X The CPI inflation rate …
CPI inflation rate slips, but service continues to rise Read More »
Dow Jones futures were little changed early Thursday, along with S&P 500 and Nasdaq futures, ahead of Thursday’s CPI inflation report. X Wednesday’s stock market rally extended recent gains. Investors are betting on tame inflation data, raising the stakes for the critical Fed report. Amazon.co.uk (AMZN) and Tesla stock led a megacap rally on Wednesday, …
Market rallies on CPI inflation report; Celsius heater Read More »
Dow Jones futures rose slightly early Wednesday, along with S&P 500 and Nasdaq futures. US domestic flights have been blocked due to an FAA issue. WWE, Wells Fargo, Axcelis Technologies, Impinj and Tesla were also the center of attention ahead of the opening. X The stock market rally was indecisive for much of Tuesday, but …
Market Recovers to Key Levels Ahead of CPI Inflation Report Read More »
Tuesday’s weak CPI inflation data may have given investors a boost ahead of today’s Fed meeting. The S&P 500 initially jumped on the data as markets priced in a lower spike for the Federal Reserve’s key interest rate. X Still, there are good reasons to doubt that Fed Chairman Jerome Powell will be swayed by …
Fed meeting: Soft CPI sets the stage for a hawkish surprise Read More »
Consumer prices increase moderately in November Growth, real estate stocks rise as yields fall Moderna leaps on optimistic trial data Dow up 0.3%, S&P 500 up 0.73%, Nasdaq up 1.01% NEW YORK, Dec 13 (Reuters) – U.S. stocks rose on Tuesday after an unexpected rise in consumer prices boosted optimism that the Federal Reserve could …
Wall St rises after CPI data but Fed concerns persist Read More »
Inflation slowed significantly for a second month in November as prices for goods that surged during the pandemic continued to decline. Yet inflation remained high as the cost of many services continued to rise. Consumer prices rose 7.1% from a year earlier, compared with a 7.7% rise in October and a 40-year high of 9.1% …
Inflation slowed again but remained elevated in November, CPI report shows Read More »
(Bloomberg) – U.S. stocks rose and Treasury yields fell on the curve after data showed prices rose less than expected last month, bolstering optimism that the Federal Reserve will slow the pace. pace of rate increases. Bloomberg’s Most Read The S&P 500 jumped 2.8% and the tech-heavy Nasdaq 100 jumped 3.9% before paring gains. The …
Stocks cut early gains as traders analyze CPI data: Markets pull back Read More »
Dow Jones futures were down ahead of Tuesday’s open after the Dow Jones Industrial Average gained 528 points on Monday. Tesla stock slipped more than 6% on Monday, ending just past its 2022 lows. X Inflation data, Fed meeting Consumer inflation data is due out Tuesday morning. The CPI is expected to rise 0.3% for …
forward contracts; Stocks rally ahead of CPI inflation data, Fed meeting Read More »
It’s been a bumpy week for stocks. The market came under pressure at the start of the week as investors worried that the elevated wage pressure seen in the November jobs report could push the Federal Reserve to raise interest rates higher than scheduled for next year to fight inflation. After a brief midweek respite, …
Dow has worst week since September as investors anticipate CPI and Fed meeting Read More »
Bitcoin BTC/USD swung wildly between 9 a.m. and 10 a.m. after news broke that cryptocurrency platform FTX had filed for bankruptcy. The volatility caused Ethereum ETH/USD and Dogecoin DOGE/USD follow the movement. Between 09:00 and 09:30, Bitcoin plunged more than 5% before spending the next 30 minutes almost fully rebounding to the $17,267 level. Since …
