News Formal

CNBC Daily Open: U.S. Core Inflation Rises, Bitcoin Contradicts Market Trends

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 23 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 51%

Finance 뉴스

CNBC Daily Open,U.S. Core Inflation,Bitcoin

The U.S. Commerce Department reported core inflation rising, bitcoin defied market trends, and financial stocks outperformed in 2024. Investors took profits on Big Tech stocks in the run-up to Thanksgiving, while the market expects the Federal Reserve to lower rates.

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The U.S. Commerce Department reported on Wednesday that core inflation rose 0.3% on the month and showed an annual reading of 2.8%, higher than September's 2.7%. Notably, bitcoin moved in opposite directions from U.S. indexes, which fell on Wednesday.

Despite market chatter about the 'Magnificent Seven' bag of stocks, financial stocks have been the best-performing group so far in 2024. Investors in the U.S. kept their trading appetite light in preparation for a heavy meal of turkey and stuffing and pumpkin pie, leading to profit-taking on Big Tech stocks. The market is pricing in a 64.7% chance of the U.S. Federal Reserve lowering rates by 25 basis points at its December meeting

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 569. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

CNBC Daily Open: Investors prioritize Nvidia's earnings over geopolitical risksInvestors briefly sought refuge in safe haven assets on increased geopolitical tensions. But they decided other factors were more important to the markets.
출처: NBCDFW - 🏆 288. / 63 더 많은 것을 읽으십시오 »