US stocks climbed at the opening bell on Friday, poised to end a wobbly week on a high note as the latest reading of the Federal Reserve's preferred inflation gauge bolstered rate-cut hopes. The Dow Jones Industrial Average gained 0.5%, holding around the record close notched on Thursday, its third this week. The S&P 500 popped roughly 0.2%, and the tech-heavy Nasdaq Composite jumped 0.8%.
PCE inflation levels are closely tracked by the Fed, and so watched closely in turn by investors to calibrate the size and pace of interest-rate cuts this year. After Chair Jerome Powell last week made it clear a pivot can be expected in September, bets on 0.5% cut have mounted amid signs of strength in the economy. The steady level of price pressures in July kept a 0.25% move lower in play. Meanwhile, investors are moving on from the Nvidia earnings watch that held markets in thrall this week.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stock market today: US futures climb in wait for Fed-favored PCE inflation printThe market is steadying to end the month, with recession fears and the early August rout in the rear mirror, and a long awaited start to Fed easing just...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
Nvidia earnings, July PCE, Fed's Bostic: What to WatchBig Tech earnings are coming out next week in full force, with Nvidia (NVDA) to release its second quarter results after the market close on Wednesday...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
Stock market today: S&P 500, Nasdaq resume climb as Fed minutes signal 'likely' September rate cutInvestors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
Stock market today: S&P 500, Nasdaq resume climb as Fed minutes signal 'likely' September rate cutInvestors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
Stock market news today: S&P 500, Nasdaq climb as Fed delivers and Meta jumpsStrong Meta results are keeping bullish tech hopes aloft after the Fed cemented bets on a September rate cut.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
Stock market news today: S&P 500, Nasdaq futures climb as Fed delivers and Meta jumpsStrong Meta results are keeping bullish tech hopes aloft after the Fed cemented bets on a September rate cut.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »