Published 2 years ago

Dow futures surge over 400 points after CPI data shows cooling inflation in July

Summary by Ground News

U.S. consumer-price index (CPI) report due at 8.30 a.m. Eastern. Economists forecast year-over-year CPI growth will dip from 9.1% in June to 8.7% last month. But many traders fear that if the data shows 5.9% inflation remains stubbornly high, then the more optimistic tone in stocks seen over much of the past two months will be challenged.

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Times of India

Dow jumps 400 points, Nasdaq surges 2% as Fed hike bets recede after inflation data

The S&P 500 halted a four-day losing streak, while the tech-heavy Nasdaq 100 outperformed.

2 years ago·India

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Reuters

Wall Street rally lifts Nasdaq 20% from low as inflation fears ebb

Wall Street surged on Wednesday, putting the Nasdaq more than 20% above its June low, after U.S. inflation slowed more than expected in July and raised hopes the Federal Reserve will become less aggressive on interest rates hikes.

2 years ago·United Kingdom

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CNBC

U.S. Treasury yields inch higher as investors await key inflation report

It is thought that Wednesday's inflation data could show price increases have eased following consecutive 75-basis point hikes by the Fed in June and July.

2 years ago·United States

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Financial Post

Wall St opens higher as bets on big rate hikes ease after inflation data

2 years ago·Canada

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The Epoch Times

Wall Street Opens Higher as Bets on Big Rate Hikes Ease After Inflation Data

Wall Street rose sharply at the open on Wednesday as data showed a slower-than-expected rise in inflation last month prompted traders to cut their bets on a third straight 75-basis-point interest rate hike in September. The Dow Jones Industrial Average rose 356.22 points, or 1.09 percent, at the open to 33,130.63. The S&P 500 opened higher by 58.55 points, or 1.42 percent, at 4,181.02, while the Nasdaq Composite gained 299.51 points, or 2.40 per…

2 years ago·New York, United States

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Live Mint

Wall St climbs as signs of cooling inflation ease rate hike bets; Dow up 500 pts

At 9:46 a.m. ET, the Dow Jones Industrial Average was up 513.98 points, or 1.57%, at 33,288.39, the S&P 500 was up 73.23 points, or 1.78%, at 4,195.70, and the Nasdaq Composite was up 282.51 points, or 2.26%, at 12,776.44

2 years ago·New Delhi, India

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