News Formal

Stocks rise as another report points to cooling inflation: Live updates

  • 📰 CNBC
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The March producer prices index, a measure of prices paid by companies and often a leading indicator of consumer inflation, was cooler than expected.

dropped 0.85%. The Dow snapped a four-day winning streak, ending the day down 38.29 points, or 0.11%.from the March Federal Open Market Committee meeting. In particular, the Fed expects the recent banking crisis to cause a mild recession later this year.

"Wall Street went from focusing on a mostly cooler-than-expected inflation report to the Fed Minutes that prompted recession worries as further banking turmoil could be right around the corner as bank earnings near," said Ed Moya, senior market analyst at Oanda.The major averages rose to start Thursday's session. The Dow advanced 40 points, or 0.1%. The S&P 500 gained 0.3%, and the Nasdaq Composite climbed 0.7%.

After a two-year lock up period, Ethereum staking withdrawals were enabled by the Shanghai upgrade around 6:30 p.m. ET on April 12.

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:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

You utter permabull charlatan clowns Still 5% Still more than DOUBLE what it should be More tightening required rates/QT

Canada Canada Latest News, Canada Canada Headlines

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

U.S. stocks open higher after fresh data show wholesale inflation fell in MarchU.S. stocks open higher Thursday as investors weighed fresh data showing wholesale inflation fell in March. The Dow Jones Industrial Average was up 0.2% soon after the opening bell: Again, you’re speaking to soon lol 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.
Source: MarketWatch - 🏆 3. / 97 Read more »

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 »

U.S. stocks open higher as traders await inflation data, earningsU.S. stocks were little-changed at the open on Tuesday as traders await a batch of inflation data along with the informal beginning of the first-quarter...
Source: MarketWatch - 🏆 3. / 97 Read more »