U.S. stocks end sharply higher ahead of highly-anticipated CPI data on January inflation

U.S. stocks finished sharply higher Monday, with gains led by the technology-heavy Nasdaq Composite, as investors await fresh data from the consumer-price index for a reading on inflation in January. The Dow Jones Industrial Average DJIA, +1.11% closed 1.1% higher, while the S&P 500 SPX, +1.14% gained around 1.2% and the Nasdaq COMP, +1.48% rose 1.5%, according to preliminary data from FactSet.

The S&P 500 and Nasdaq each scored their best day in a about a week, FactSet data show. CPI data for January will be released Tuesday morning at 8:30 a.m. Eastern time, with economists polled by The Wall Street Journal expecting the consumer-price index to show inflation rose 0.4% last month as the year-over-year rate slowed to 6.2%. Meanwhile, the yield on the 10-year Treasury note declined 2.7 basis points Monday to 3.716%, while two-year Treasury yields rose 2.3 basis points to 4.

Looks like the gov cooks leaked the number

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.

Correlation Between Crypto Market and Nasdaq Turns Positive Ahead of US CPI ReleaseThe return of positive correlation between cryptocurrencies and Nasdaq suggests digital assets investors have moved past the FTX contagion fears. Reports godbole17. godbole17 Want to salute yall at CoinDesk for always looking out. Yall deserve a medal godbole17 Isnt binance going through something right now that would scare retail investors yet again? godbole17 Hope everyone learned their lesson.
Source: CoinDesk - 🏆 291. / 63 Read more »

The stock market will surge if Tuesday CPI report cools down as expectedThe stock market is poised to surge 2% on Tuesday if new inflation data cools down as expected, JPMorgan says
Source: BusinessInsider - 🏆 729. / 51 Read more »

Marathon earnings, CPI and Fed speeches top week aheadAn Apple artificial intelligence event as well as earnings from Biogen, Cisco Systems and Marriott Hotels set the stage for a busy week on Wall Street.
Source: FoxBusiness - 🏆 458. / 53 Read more »