U.S. stocks ended sharply higher Thursday after investors weighed a hotter-than-anticipated report on inflation that firmed up expectations for another large interest rate hike by the Federal Reserve. The Dow Jones Industrial Average DJIA, +2.83% jumped more than 800 points to close 2.8% higher, while the S&P 500 SPX, +2.60% gained 2.6% and the Nasdaq Composite COMP, +2.
23% jumped 2.2%, according to preliminary FactSet data. All three major benchmarks ended higher, reversing sharp losses seen at the open after a report on the consumer price index showed inflation rose in September more than anticipated. Investors are largely betting that the Fed will hike its benchmark rate by three quarters of a percentage point at its policy meeting in early November.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Higher Ahead of US Inflation Report – Market Updates Bitcoin NewsBitcoin was trading marginally higher on Wednesday, as markets prepared for the upcoming U.S. inflation report. 开空了 The funny thing about Bitcoin is that it is here to stay. It won't just go away like a fad. It is here almost forever. Although, I tried to HODL but made more money when I wasn’t. Realized there are better strategies than just HODLing. Send a dm to know these strategies 'Oh, the Irony! Markets are in a way celebrating a sub 8 inflation in the US. Believe it or not. High Inflation is here to stay. Market has started adjusting for it'
Source: BTCTN - 🏆 531. / 51 Read more »
Here's why U.S. stocks have more room to fall, says one fund manager — and where to find what will break nextOne fund sees a rough fourth quarter both for U.S. stocks and commodities, anticipating consumer spending will finally turn and earnings growth expectations...
Source: MarketWatch - 🏆 3. / 97 Read more »
Dollar briefly trades at highest level against the yen in more than 30 years amid Thursday's market volatilityThe dollar briefly touched its highest level against the Japanese yen in more than 30 years on Thursday as a higher than expected U.S. inflation report sent... America needs a war, preferably a nuclear one soon! If Russia doesn’t explode a nuclear bomb in Ukraine soon, the CIA might itself do it there. What better way to prevent a civil war at home than pack the peasants off to fight another “freedom” war! 🤡🤣
Source: MarketWatch - 🏆 3. / 97 Read more »
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’
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks mount biggest comeback in years; S&P 500 jumps 2.6%NEW: 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.
Source: ABC - 🏆 471. / 51 Read more »