Stocks rise after cool inflation data feeds into rate cut hopes

Personal Consumption Expenditures Notícia

Stocks rise after cool inflation data feeds into rate cut hopes
Federal Reserve,Seana Smith

The three major indexes (^DJI,^GSPC, ^IXIC) rose slightly after Friday's market open. The core Personal Consumption Expenditures (PCE) index, the Federal...

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, which was in line with expectations and slower than April's 0.3% increase. The cooler read is bolstering traders' hopes that the Fed will cut rates sooner rather than later.You're taking a look at some declines right now by about 1/10 of a percent S and P 500 that is moving higher by about 1/10 of a percent will be generous and around that off, too, and the NASDAQ composite that higher by about 1/10 of a percent.

So even though we're not seeing a lot of action today, we have seen a lot of action over the last 23 months here.You can see just about even for the week.S and P 500 a little bit less, but half of that.So that's just showing you that the mega caps a bit stronger than the rest of the, uh, the market there.Also Russell indices.That happens after the close and doesn't mean a whole lot for retail traders.So, uh, take that as you will now here is the S and P 500 sectors.

The energy sector outperformed the market. However, within the sector, there is a stock to buy and a stock to avoid. The post 1 Energy Stock to Buy Hand Over Fist and 1 to Avoid appeared first on The Motley Fool Canada.

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