U.S. stocks open higher after inflation data as S&P 500 heads for September loss

U.S. stocks opened higher on Friday as investors digested fresh data showing core inflation rose less than expected in August. The Dow Jones Industrial Average DJIA, +0.47% was up 0.5% soon after the opening bell, while the S&P 500 SPX, +0.64% gained 0.7% and the Nasdaq Composite COMP, +0.98% advanced 1%, according to FactSet data, at last check.

Inflation, as measured by the personal-consumption-expenditures price index, rose 0.4% in August, according to a report Friday from the Bureau of Economic Analysis. Core PCE, which excludes food and energy prices, rose 0.1%. That was softer than the forecast from economists polled by The Wall Street Journal for a 0.2% rise in core inflation in August. U.S. stocks are facing monthly losses, with the S&P 500 on track to fall around 4% in September, according to FactSet data, at last check.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

The Stock Market’s Bull Case Hinges on the S&P 500 Climbing Above This LevelWith the S&P 500 up so much this year, investors might expect a stretch of continued gains. But that is far from a sure thing.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »