News Formal

Stock market news today: Dow rises 600 points after key Fed-watched inflation data

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Nasdaq Composite News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Investors are looking to the Fed-favored inflation data to calibrate the timing and depth of rate cuts.

US stocks rose during morning Trading Friday, poised for a comeback bid as investors embraced new pricing data that showed inflation continuing to ease, solidifying expectations for coming interest-rate cuts. The Dow Jones Industrial Average added 1.6%, or more than 600 points, after the blue-chip index eked out a closing gain. The S&P 500 rose about 1%, while the Nasdaq Composite climbed 0.8%, both coming off a failed attempt to rebound from this week's tech-led sell-off.

That pause in this year's rally has Wall Street questioning whether the sell-off is a turning point to sustained lower prices or a typical bull-market pullback. In play are earnings-fueled concerns about softness in the US economy, though Thursday's surprisingly hot GDP print eased those somewhat. Friday's big data point was the closely watched Personal Consumption Expenditures index, which provided more fuel to the notion of a still-strong economy and gradually cooling inflation.

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:

 /  🏆 47. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: Dow leads stock comeback from steep sell-offEarnings misses have put the spotlight on the health of the economy after a Big Tech-led sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Dow drops in wake of global outageStocks are facing another rough ride after a global IT outage hit businesses worldwide, with weekly losses in play.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Dow slips in wake of global outageStocks are facing another rough ride after a global IT outage hit businesses worldwide, with weekly losses in play.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Dow futures slip in wake of global outageStocks are facing another rough ride after a global IT outage hit businesses worldwide, with weekly losses in play.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks rise, Dow eyes fresh record as bets on Trump ramp upAnother week of gains followed volatile trading on Wall Street as inflation data cemented September rate hikes and big Wall Street banks kicked off second...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US futures rise, Dow eyes fresh record as bets on Trump ramp upAnother week of gains followed volatile trading on Wall Street as inflation data cemented September rate hikes and big Wall Street banks kicked off second...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »