News Formal

Stocks waver after inflation data surprise, Fed minutes: Stock market news today

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Wall Street is looking ahead to consumer inflation data on Thursday for more insight into the Fed's next move.

US stocks lost momentum on Wednesday, as investors assessed hotter-than-expected wholesale inflation data and looked to Federal Reserve minutes for a window into policymakers' thinking on interest rates.at the fastest pace since April, with the producer price index for September climbing 2.2% from a year earlier, compared with the 1.6% gain expected.

Shares of of drugmakers Novo Nordisk and Eli Lilly rose on Wednesday, up about 5% and 4%, respectively, after Novo said a trial of its diabetes drug, Ozempic, showed early signs of delaying kidney failure. LLY makes a similar drug for the treatment of diabetes."It gets better from here," BofA strategists Ohsung Kwon and Savita Subramanian wrote in a research note on Wednesday.

The rise comes amid higher energy and food costs with oil prices reaching the highest level in over a year last month. Excluding those components, PPI ticked up 0.3% in September, slightly above estimates of 0.2%. The lone power plant in the Gaza Strip shut down on Wednesday after it ran out of fuel, as Israel followed through with its threat to no longer send supply the facility.Despite automakers embracing electrification trends, car buyers are hesitant to buy into the EV hype, pointing to affordability and charging range anxieties.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 47. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Stocks open higher amid hopes Fed is done with hikes: Stock market news todayDovish comments from Fed policymakers are spurring optimism that the tightening campaign could be over.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

U.S. stocks rise as Wall Street dials back Fed wagers - BNN BloombergStocks rose as Treasury yields fell after comments from U.S. Federal Reserve officials bolstered speculation the central bank is heading toward another pause in interest rate hikes. Oil edged lower, following its biggest rally since April.
Bron: BNNBloomberg - 🏆 83. / 50 Lees verder »

Stocks climb amid hopes Fed is done with hikes: Stock market news todayDovish comments from Fed policymakers are spurring optimism that the tightening campaign could be over.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

Stocks climb, yields plop amid hopes Fed is done with hikes: Stock market news todayDovish comments from Fed policymakers are spurring optimism that the tightening campaign could be over.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

Stocks waver after wholesale inflation data surprises: Stock market news todayAfter the PPI update suggests inflationary pressures persist, the focus is on Federal Reserve minutes for insight into whether the era of hikes is over.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

Birkenstock set for its stock market debut as Wall Street trades in its wingtips for sandalsNEW YORK (AP) — Birkenstock is making its debut on the stock market as Wall Street trades in its wingtips for sandals for a day. The 249-year-old German...
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »