U.S. stocks open higher after fresh data show wholesale inflation fell in March

U.S. stocks open higher Thursday as investors weighed fresh data showing wholesale inflation fell in March. The Dow Jones Industrial Average DJIA, +0.08% was up 0.2% soon after the opening bell, while the S&P 500 SPX, +0.33% gained 0.3% and the Nasdaq Composite COMP, +0.87% rose 0.

6%, according to FactSet data, at last check. The producer-price index, a measure of wholesale inflation, fell 0.5% in March, the Bureau of Labor Statistics said Thursday. That marked the biggest drop in almost three years. Economists polled by The Wall Street Journal had forecast no change in the producer-price index.

Lets recap. Bank-jitters, Recession-jitters (confirmed by FED staff - no more soft landing talks), Jobless WoW and 4Wav up up and up and the NDX muppets are buying on FED cut with core CPI at 5.6% + if they cut = not 'mild recession' at all. Huge is more like it.

Again, you’re speaking to soon lol

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Dow Futures Creep HigherU.S. stock futures edged up ahead of the release of the producer-price index. Follow the latest markets updates.
Source: WSJ - 🏆 98. / 63 Read more »

Stock market news today: Investors prepare for March CPI reportUS stocks trade mixed as investors await big inflation report
Source: BusinessInsider - 🏆 729. / 51 Read more »

Dow advances as traders eye looming inflation data and earningsU.S. stock indexes trad slightly higher on Tuesday as traders cautiously look ahead to March's inflation data that could determine the Federal Reserve's next... Triple digit gains mean nothing these days.... Triple digit manipulation. Should be a crime.
Source: MarketWatch - 🏆 3. / 97 Read more »