U.S. stocks opened higher Tuesday, finding support after a hotter-than-expected rise in the March consumer price index was read as a sign inflation pressures may be peaking, analysts said. The Dow Jones Industrial Average DJIA, +0.94% rose 114 points, or 0.3%, to 34,422, while the S&P 500 SPX, +1.19% rose 27 points, or 0.6%, to 4,439. The Nasdaq Composite COMP, +1.
75% gained 142 points, or 1.1%, to13,554. The data showed the rate of inflation in the past year moved up to 8.5% in March from 7.9%. The last time inflation breached 8% was in January 1982. Analysts said a potential sign inflation might be peaking came from the smallest monthly increase in six months in the so-called core rate of inflation that strips out food and energy, which rose just 0.
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Chinese stocks lead losses in Asia after data shows China producer inflation surgingChinese consumer and producer inflation data for March, both released on Monday, came in above expectations. Meanwhile... Half of Tesla's cars are Made in China !!! Furthermore; last year, elonmusk moved Tesla's export hub from California to Shanghai, China !!! 😵💫😵💫😵💫 via businessinsider Meanwhile... .. large banks, and Wealthy Multinational MONOPOLY Groups are buying up all United States homes (at times giving 100’s of thousands above asking)… it was only a matter of time before the oligarchs started raising rent. 🇺🇲🇺🇲🇺🇲 HUDgov AP They are in losing trend as their premier sided with putin and is being somewhat malaised by the ordeal
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‘Forget FAANG' and Focus on Value Stocks in the Current Inflationary Environment, Jim Cramer Says“For the moment, I do think we have to forget most of FAANG and focus on the money centers,” the “Mad Money” host said.
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JPMorgan's trading guru Kolanovic says take profits now on U.S. stocks, add to emerging marketsA top Wall Street strategist is shifting his recommendations after a rebound in U.S. stocks.
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