U.S. stocks open higher Thursday as investors weighed fresh data showing wholesale inflation fell in March. The Dow Jones Industrial Average DJIA, +0.08% was up 0.2% soon after the opening bell, while the S&P 500 SPX, +0.33% gained 0.3% and the Nasdaq Composite COMP, +0.87% rose 0.
6%, according to FactSet data, at last check. The producer-price index, a measure of wholesale inflation, fell 0.5% in March, the Bureau of Labor Statistics said Thursday. That marked the biggest drop in almost three years. Economists polled by The Wall Street Journal had forecast no change in the producer-price index.
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.
Again, you’re speaking to soon lol
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