US stocks climbed at the opening bell on Friday, poised to end a wobbly week on a high note as the latest reading of the Federal Reserve's preferred inflation gauge bolstered rate-cut hopes. The Dow Jones Industrial Average gained 0.5%, moving on from the record close notched on Thursday, its third this week. The S&P 500 popped roughly 0.2%, and the tech-heavy Nasdaq Composite jumped 0.8%.
PCE inflation levels are closely tracked by the Fed, and so watched closely in turn by investors to calibrate the size and pace of interest-rate cuts this year. After Chair Jerome Powell last week made it clear a pivot can be expected in September, bets on 0.5% cut have mounted amid signs of strength in the economy. The steady level of price pressures in July kept a 0.25% move lower in play. Meanwhile, investors are moving on from the Nvidia earnings watch that held markets in thrall this week.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:
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 climb as Fed-favored PCE inflation print hits the markThe market is steadying to end the month, with recession fears and the early August rout in the rear mirror, and a long awaited start to Fed easing just...
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »
Stock market today: US futures climb in wait for Fed-favored PCE inflation printThe market is steadying to end the month, with recession fears and the early August rout in the rear mirror, and a long awaited start to Fed easing just...
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »
Nvidia earnings, July PCE, Fed's Bostic: What to WatchBig Tech earnings are coming out next week in full force, with Nvidia (NVDA) to release its second quarter results after the market close on Wednesday...
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »
Stock market today: Wall Street climbs ahead of speech by Fed chief PowellNEW YORK (AP) — Stocks are climbing on Wall Street, but the market’s focus is thousands of miles to the west, where the head of the Federal Reserve is about to give a highly anticipated speech about interest rates. The S&P 500 was 0.
Sumber: SooToday - 🏆 8. / 85 Baca lebih lajut »
Stock market today: S&P 500, Nasdaq resume climb as Fed minutes signal 'likely' September rate cutInvestors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »
Stock market today: S&P 500, Nasdaq resume climb as Fed minutes signal 'likely' September rate cutInvestors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »