Stock market today: US futures trapped in inflation countdown as meme rally roars back

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 8 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Jerome Powell News

Inflation Data,Premarket Trading,Producer Price Index

Meme stocks soared again as US equities more broadly stayed muted in the countdown to fresh inflation data and a Jerome Powell speech.

Meme stocks soared again on Tuesday, as US equities more broadly stayed muted in the countdown to fresh inflation data and a Jerome Powell speech that could shed light on the path of interest rates.) shares surged in premarket trading, each up over 120% as retail investors piled in for a second day.

Inflation falling further from here in the near term is a "pipe dream" and rate cuts will continue to be pushed out, Stifel strategists said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSÄ°NESS

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.

GameStop stock gains more than 100% as meme-stock market returns with a vengeanceGameStop stock stock surged again early Tuesday, adding to a 74% rise on Monday as meme stocks appear to be back in vogue.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »