News Formal

Stock market today: 'Magnificent 7' power stock surge after CPI-fueled sell-off

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 25 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Nasdaq Composite Nouvelles

Consumer Prices,Tech Stocks

Investors were bracing for a wholesale inflation print, after a surprise uptick in CPI shook markets and undermined bets on interest-rate cuts.

US stocks rose on Thursday as Big Tech stocks led a rebound from a sell-off fueled by Wednesday's surprise uptick in consumer prices. 1%. The tech-heavy Nasdaq Composite led the way, gaining roughly 1.7%. The S&P 500 rose about 0.7%, coming off a rout that saw the major gauges drop about The Dow Jones Industrial Average had a more modest day, closing just slightly below the flatline. Meanwhile, the 10-year Treasury yield traded around 4.

2% from the previous month, a lower rate of growth than economists had forecast. Year-over-year growth of 2.1% was also below estimates. However, that annual growth represented the fastest jump in producer prices in nearly a year. Stocks pulled back and bond yields soared after a hotter-than-expected March CPI report prompted investors to reassess expectations for Federal Reserve policy. The market is now pricing in just two rate cuts in 2024, to come later in the year than foreseen.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 47. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market today: US futures in holding pattern in wait for CPIInvestors are biding their time until the key March CPI inflation report lands as they wrestle with uncertainty around interest rates.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Asian shares mostly rise as investors look to earnings and inflation signsTOKYO (AP) — Asian shares mostly rose Monday as investors looked ahead to earnings reports from top global companies and a consumer prices report that will...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stocks rise as investors eye the Fed, Super Micro slumps on stock offering: Yahoo Finance LiveAll three of the major indexes (^DJI,^GSPC, ^IXIC) are moving higher as investors await the Federal Reserve’s latest interest rate decision, which will come ...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »