US Stocks Today: Dow Jones Soars 600 Pts, Nasdaq 1% as Oil Prices Fall Amid High August Inflation
6 Articles
6 Articles
Dow soars 400 points, oil retreats as inflation data calms slumping Wall Street
Stocks rebounded Friday and clawed back much of their losses for the week after oil prices eased off their recent spurt. An update on inflation across the US that came in close to economists’ expectations also helped calm the market.
The Economic Times
Times of IndiaUS stocks today: Dow Jones soars 600 pts, Nasdaq 1% as oil prices fall amid high August inflation
US stocks opened higher on Friday despite data showing consumer prices accelerated in August. The Dow Jones, S&P 500 and Nasdaq gained at the open, putting the major indexes on track to end a volatile week on a positive note as investors assessed the latest inflation data and its implications for Federal Reserve policy.
Dow Jones futures jumped 558 points to 52,648 points, boosted by a sharp drop in crude oil prices following signs of negotiations to de-escalate tensions in the Strait of Hormuz. Meanwhile, US inflation for August was mostly in line with expectations, although the monthly core CPI was higher than estimated. The post “Dow Jones Futures” Up 558 Points, Benefiting from WTI Dropping Below $99 After US Inflation Remains Stable appeared first on Busin…
US Stock Market Today: Dow Rises 0.27%, S&P 500 Gains 0.59%, Nasdaq Jumps 0.80% At Opening Bell After Inflation Data; Check What Investors Should Know
US Stock Market Today: Friday’s opening gains offered some relief after a difficult week for US equities. Investors were closely watching the latest inflation figures for signals about the Federal Reserve’s next policy decision. The gains came even as consumer prices accelerated in August, highlighting the competing forces currently affecting Wall Street.
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