News Formal

Stock market today: Meme rally roars as stocks stay muted in inflation countdown

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 23 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

Nasdaq Composite Nieuws

Producer Price Index,Consumer Prices,Wholesale Prices

Meme stocks soared again as US equities more broadly stayed muted in the countdown to fresh inflation data and a Jerome Powell speech.

Meme stocks soared again on Tuesday, as US equities more broadly stayed muted amid a mixed inflation reading, as investors counted down to Wednesday's more heavily anticipated look into consumer prices. The S&P 500 , Dow Jones Industrial Average and the tech-heavy Nasdaq Composite all hovered around the flatline in morning trading. New data on Tuesday showed wholesale prices increased 0.5% month-over-month in April, above the 0.3% consensus expected.

The mixed bag helped Wall Street largely shrug off the report. The more crucial reading of inflation is expected on Wednesday with the release of the Consumer Price Index. For his part, Fed Chair Jerome Powell said Tuesday that PPI was more "mixed" than "hot," reiterating during a question-and-answer session that he does not expect the central bank's next move to be a rate hike. Meanwhile, the meme-stock train rolled on.

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.

GameStop stock gains 60% as meme-stock market returns with a vengeanceGameStop stock stock surged again early Tuesday, adding to a 74% rise on Monday as meme stocks appear to be back in vogue.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

GameStop stock gains more than 60% as meme-stock market returns with a vengeanceGameStop stock stock surged again early Tuesday, adding to a 74% rise on Monday as meme stocks appear to be back in vogue.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

GameStop stock gains nearly 100% as meme-stock market returns with a vengeanceGameStop stock stock surged again early Tuesday, adding to a 74% rise on Monday as meme stocks appear to be back in vogue.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

GameStop stock gains more than 100% as meme-stock market returns with a vengeanceGameStop stock stock surged again early Tuesday, adding to a 74% rise on Monday as meme stocks appear to be back in vogue.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »