US stocks jumped on Thursday amid more signs of falling inflation and and a softening labor market, paving the way for the Federal Reserve to possibly pull back on its rate hike campaign.
The three major indexes ended the session with a gain, with the Dow Jones Industrial Average gaining almost 400 points and the S&P 500 enjoying its best day since February. Investors cheered a steep decline in the producer price index in March. Wholesale inflation tumbled to 2.7% on an annualized, its lowest level since January 2021.
Meanwhile, weekly jobless claims clocked in at 239,000 on April 8, over economists' estimates of 235,000. The new batch of data is offering more signs of a cooling economy, after the Fed hiked rates aggressively in 2022. Markets are now pricing in a 68% chance the Fed hikes rates just 25 basis points at its next policy meeting, and a 31% chance the Fed pauses rate hikes, according to the
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
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.
Baca lebih lajut »
Stock Market Today: Dow struggles for direction after PPI shows wholesale inflation slowsMarketWatch Live: Stocks gain, Treasury yields dip after latest inflation update
Baca lebih lajut »
Stock market today: Dow closes higher as big tech rallies; Bank earnings eyed By Investing.com*DOW CLOSES HIGHER AS BIG TECH RALLIES; BANK EARNINGS EYED $DIA $SPY $QQQ 🇺🇸🇺🇸 Thought bank earnings will be bad BullMarket bank will collapse more deep
Baca lebih lajut »