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

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.

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: 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.
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »

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...
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »

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 ...
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »