U.S. stock indexes advanced in the final hour of trade on Wednesday as Dow Jones Industrial Average DJIA, +0.55% and S&P 500 SPX, +0.24% are on pace to notch the third consecutive day of gains after December's consumer-price index showed signs of cooling inflation. The Dow industrials jumped 211 points, or 0.6%, to 34,185, after briefly dipping into red territory earlier in the morning. The S&P 500 gained 0.3%, while the Nasdaq Composite COMP, +0.42% advanced 0.
5%, on track to post its fifth straight day of gains. U.S. consumer prices moderated again last month, with the headline inflation retreating in December for the sixth month in a row, declining to 6.5% from 7.1% in November. Excluding volatile food and energy costs, the core inflation rose 5.7% in December from a year earlier, slower than 6% in November.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Stock market outlook: Analyst says S&P 500 is facing resistance at 4000Hedge funds are finally starting to believe in the stock market's latest rally, but one analyst warns that any move higher will be fleeting Everything these people say practically is fleeting if not entirely inaccurate. So there's that. Even bearmarkets have nose bleeding rallies which sucker buyers in. Let's see where we are in June. Caveat Emptor. KEY: Fairlead’s Katie Stockton: S&P 500 is experiencing Short-Term Overbought conditions, which will make it 'more challenging for the rally to be sustained, as intermediate-term momentum has fallen off since early December.' stockmarkets stocks investing investment
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market outlook: S&P 500 could gain 18% if inflation keeps coolingStocks could rise 18% this year as long as inflation keeps coming down and the Fed backs off from its aggressive policy, technical analyst says
Source: BusinessInsider - 🏆 729. / 51 Read more »