added 1.5% to 61,519.96. Both the indexes are heading to log their fourth straight weekly gain and are up nearly 1% so far this week.
All three major U.S. stock indexes notched their biggest one-day percentage gains in about two-and-a-half years in a broad, robust rally as the Labor Department's data showed the annual consumer price index number below 8% for the first time in eight months. "We are seeing a relief rally in the IT stocks following Nasdaq's overnight jump. Inflation is cooling off but it is still above the tolerance level. Central bank policy actions will be more data dependent, going forward," said Saurabh Jain, assistant vice-president, research, at SMC Global Securities.
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INDIA STOCKS Indian shares fall as autos drag, awaits U.S. inflation dataIndian shares fell on Thursday, weighed by auto and metal companies, as investors braced for crucial U.S. inflation data that will provide clues about the severity of the Federal Reserve's future interest rate hikes. Do not invest in india.
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »
INDIA STOCKS Indian shares fall as autos drag; U.S. inflation data eyedIndian shares edged lower on Thursday, dragged by auto and metal companies, as investors brace for crucial U.S. inflation data that will provide clues about the severity of Federal Reserve's future interest rate hikes.
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »
Inflation cools in October and stocks rally on signs the pain of high prices may easeConsumer prices in October were up 7.7% from a year ago. That's a slower pace of inflation than September's rate of 8.2%. And price hikes between September and October were smaller than expected. Do you mean galloping profit margins for us corporations that had a record of 3 trillion dollars to date in 2022 Corporate greed drove inflation, facts do matter. Inflation slowing but still crushingly high. GRETCHEN WHITMER WON BY DOUBLE DIGITS MI LEGISLATURE FLIPPED WHITMER 2024
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