News Formal

Stock market today: Stocks edge higher as closely watched inflation measure slows

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 22 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Personal Consumption Expenditures Price Index News

Inflation Gauge,Nasdaq Composite,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 opened in the green Friday as investors seemed to exhale after a key inflation gauge slowed, while the overall reading on price increases largely met Wall Street's expectations. The blue-chip Dow Jones Industrial Average rose 0.2%, coming off two days of sharp losses. The S&P 500 gained about 0.1%, while the tech-heavy Nasdaq Composite also increased about 0.1.%. 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 after former President Donald Trump was convicted on 34 criminal counts related to falsifying business records.

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
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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: Stocks close lower after Fed minutes with Nvidia earnings on deckStocks face two big tests in Nvidia's pivotal earnings report and minutes from the Federal Reserve's last meeting.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks take leg lower after Fed minutes with Nvidia earnings on deckStocks face two big tests in Nvidia's pivotal earnings report and minutes from the Federal Reserve's last meeting.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks eye record highs as cooler inflation revives Fed rate cut hopesStocks edged higher on Wednesday as investors digested fresh readings on inflation and consumer spending.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks gain as Fed rate hopes fuel continued rallyStocks rallied at the end of last week, getting a boost from a 'Goldilocks' jobs report.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks end mixed in volatile session after Fed decision, Powell commentsFed day arrives with the focus on what clues Powell will offer to the chances for rate cuts this year.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »