U.S. stocks open higher after fresh data show wholesale inflation fell in March

U.S. stocks open higher Thursday as investors weighed fresh data showing wholesale inflation fell in March. The Dow Jones Industrial Average DJIA, +0.08% was up 0.2% soon after the opening bell, while the S&P 500 SPX, +0.33% gained 0.3% and the Nasdaq Composite COMP, +0.87% rose 0.

6%, according to FactSet data, at last check. The producer-price index, a measure of wholesale inflation, fell 0.5% in March, the Bureau of Labor Statistics said Thursday. That marked the biggest drop in almost three years. Economists polled by The Wall Street Journal had forecast no change in the producer-price index.

Lets recap. Bank-jitters, Recession-jitters (confirmed by FED staff - no more soft landing talks), Jobless WoW and 4Wav up up and up and the NDX muppets are buying on FED cut with core CPI at 5.6% + if they cut = not 'mild recession' at all. Huge is more like it.

Again, you’re speaking to soon lol

Россия Последние новости, Россия Последние новости

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