Stock Market Today: Dow ends higher as focus shifts to consumer inflation data

Investing.com -- The Dow closed higher Wednesday, shrugging off data pointing to an uptick in the pace of inflation as investor focus shifted to consumer inflation data for September that will likely seal the Federal Reserve’s decision on whether to stand pat on rate hikes next month.surprised to upside on the Wednesday, but that was largely brushed aside with just a day to until the September consumer inflation report.is expected to have slowed to 0.

“We forecast that headline CPI rose by 0.32% in September, down from August, as a lower acceleration in energy prices brings down headline CPI,” Morgan Stanley said in a note.The Fed’s minutes from its September meeting, released Wednesday, showed that most Fed members were backing one more rate hike.

The minutes, however, were deemed to be stale on arrival as many Fed members now appear to have shifted to a dovish tone since September following the recent surge in Treasury yields.The transaction, which is expected to close in the first half of 2024, is expected to boost Exxon Mobil's total upstream production “to more than 5 million barrels of oil equivalent a day in 2027,” Goldman Sachs says, and boost the combined entity’s operating cash flow and free cash flow in 2024.

Sentiment on Plug Power has also been boosted by growing optimism for deal wins as the battery power company is believed to be in the running to win funding for hydrogen projects that are expected to be announced by President Biden this week.) surged 1000% after an updated trial of its combination therapy to potentially treat patients with liver cancer showed improved results from an earlier study, when compared with the standard of care.

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 Rise, PepsiCo Gains PremarketLive updates on what's moving markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »

Stock Market Today: Dow Up 550 Points; Travel Stocks RallyLive updates on what's moving markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »

Stock Market Today: Dow closes higher as Fed speakers fuel rate pause betsStock Market Today: Dow closes higher as Fed speakers fuel rate pause bets
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Rate hopes push Asian shares higher while oil prices edge lowerAsian shares are higher after Wall Street advanced on potentially encouraging news about interest rates, which have been dragging markets lower since the summer. U.S. futures slipped and oil prices also fell back slightly after surging following Israel's declaration of war on Hamas following its attack from the Gaza Strip. On Monday, the S&P 500 and the Dow rose 0.6%. The Nasdaq composite added 0.4%. Stocks of oil producers and defense companies led the market. Markets were buoyed by comments by
Source: AP - 🏆 728. / 51 Read more »

Stock Market Today: Stocks higher, Treasury yields retreat as global markets settleA big pullback in Treasury bond yields, as well as Israel's securing of its southern border with Gaza, has stocks moving cautiously higher in early Tuesday trading.
Source: startelegram - 🏆 248. / 63 Read more »

Stock market today: Hopes that interest rate hikes will abate push world shares higherWorld shares are higher after Wall Street advanced on potentially encouraging news about interest rates, which have been dragging markets lower since the summer.
Source: ksatnews - 🏆 442. / 53 Read more »