September PCE report: Stocks mostly higher as core inflation tamest in more than 2 years

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Follow along to MarketWatch's coverage of the PCE price index, due for release at 8:30 a.m. Eastern.

U.S. stocks opened mostly higher on Friday following this morning's PCE price index and consumer-spending data, along with the latest batch of earnings, which included strong numbers from Amazon.com Inc. released Thursday evening. However, the Dow sunk into the red at the open, leaving it on track to fall for the third straight day.

And although the S&P 500 and Nasdaq were hanging on to solid gains, all three major U.S. equity indexes were on track to book another weekly loss --- what would be the sixth out of eight for the S&P 500, according to FactSet data. Here's where the three indexes stood at 9:40 a.m. Eastern Time: S&P 500 up 0.2% at 4,143. Nasdaq Composite up 0.8% at 12,700. Dow off 70 points, or 0.2%, to 32,713.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines