News Formal

Stock market today: US futures turn green as key inflation measure slows

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 23 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Inflation Measure News

Personal Consumption Expenditures Price Index,Inflation Report

Investors are waited for the release of the Fed's preferred inflation data, seen as a potential turning point for a market gripped by rate-cut jitters.

US stocks vaulted into the green Friday as investors seemed to exhale that a key inflation measure slowed, while the overall reading largely met Wall Street's expectations. Dow Jones Industrial Average futures rose 0.2%, coming off two days of sharp losses. S&P 500 futures were also up around 0.3%, while those on the tech-heavy Nasdaq 100 rose about 0.2%. The Personal Consumption Expenditures price index update was seen as pivotal for stocks headed for a losing week.

Still, the index showed that price increases remained sticky last month. Bond yields fell after the inflation report, with the benchmark 10-year Treasury slipping close to the key 4.5% level. Read more: How does the labor market affect inflation? In individual movers, shares of Trump Media & Technology Group fell slightly after former President Donald Trump was convicted on 34 criminal counts related to falsifying business records.

 

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:

 /  🏆 47. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Stocks steady as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq slips after record as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US futures tip lower as investors look for inspirationStocks have lost their bounce after a growing chorus of Federal Reserve officials made it clear that interest rates will need to stay higher for longer.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »