U.S. stocks mounted a remarkable turnaround on Thursday with the Dow Jones Industrial Average surging nearly 1,500 points from peak to trough, after a sharp selloff early in session sparked by hotter-than-expected U.S. inflation data.U.S. stocks mounted a remarkable turnaround on Thursday with the Dow Jones Industrial Average surging nearly 1,500 points from peak to trough, after a sharp selloff early in session sparked by hotter-than-expected U.S. inflation data.
The hotter-than-expected inflation report sent three stock indexes tumbling early in the session with the S&P 500 SPX plunging 2.4% to its lowest level since November 2020, but the large-cap index finished 2.6% higher led by gains in energy and financials stocks, a swing of over 5% in total. It was also the first time on record that the Dow has risen at least 800 points in the same trading day that it was down at least 500 points at its low, according to Dow Jones Market Data.
According to the CME Group’s FedWatch tool, as of Thursday afternoon, market participants priced in 96.6% odds of another 75 basis point hike at the Fed’s Nov. 1-2 meeting, and a 3.4% probability that the Fed will increase rates by 100 basis points.
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U.S. stocks open sharply lower, Dow drops more than 500 points after hotter-than-expected inflation reportU.S. stocks opened sharply lower Thursday, with the Dow Jones Industrial Average falling more than 500 points, after the consumer-price index showed that inflation in September was hotter than forecast: Why are the analysts and “experts” always surprised by the inflation numbers? Anyone living in the real world, buying food, clothing, and other necessities for their family, knows inflation is out of control. Biden said inflation is only up an ‘inch’
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »
Stocks mount biggest comeback in years; Dow, S&P 500 jump 3%NEW YORK (AP) — Wall Street staged its biggest comeback in years as stocks roared back from steep morning losses caused by a worse-than-expected report on inflation.. The S&P 500 jumped 3% Thursday afternoon, a stunning reversal after earlier being down as much as 2.4% and touching its lowest level in nearly two years. Reflection of Dumpy getting dumped... Twice? The previous DOWN was because the people in the market already knew about the news. The general public finds out well after the market makers.
출처: AP - 🏆 728. / 51 더 많은 것을 읽으십시오 »
Stock Market Today: Dow Closes Up 800 Points, U.S. Stocks Rally Following Inflation DataIn a major turnaround, the Dow closed up more than 800 points after investors shook off hot inflation data Sounds healthy passed this time
출처: WSJ - 🏆 98. / 63 더 많은 것을 읽으십시오 »
These are the Dow stocks to buy and sell as rates surgeThe 10-year Treasury yield has been retesting a key 4% level since breaking above it last month for the first time since 2008.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »