All three of the US market averages (^DJI, ^IXIC, ^GSPC) fell by over 1.5% each — the Nasdaq Composite and Dow Jones Industrial Average both declined by 1.63% — in response to December's jobs data reported this morning.
The better-than-expected data sent the blue-chip Dow Jones Industrial Average surging more than 700 points, or 1.7%, as investors felt renewed confidence that the Fed will cut rates multiple times this year. In recent trading, fed-fund futures showed the chances of more than one cut rising to 46%, from 35% on Tuesday, according to CME Group data.
Wall Street analyzed the cooler-than-expected producer price index for December on Tuesday and looked ahead to the consumer price index report on Wednesday.
The Dow and other indices rebounded on Tuesday following inflation data that came in cooler than anticipated. AI stocks that declined sharply on Monday recovered early Tuesday, with Nvidia (NVDA), Super Micro Computer (SMCI),
Stocks surged on Wednesday after the latest consumer price index report showed core inflation unexpectedly slowed in December.
The moves come as Wall Street is gearing up for December's nonfarm payrolls reading, which is scheduled to come out at 8:30 a.m. ET on Friday. Economists polled by Dow Jones expect to see an increase of 155,000, less than the gain of 227,000 in November's reading. Additionally, the unemployment rate is projected to remain at 4.2%.
The Dow Jones Industrial Average (DJIA) avoided most of Monday’s broad-market declines as investors reaffirmed their bullish outlook on the long-run tech sector rally. The Dow gained roughly 100 points to kick off the trading week, while the other major equity indexes shed weight.
The Dow Jones Industrial Average (DJIA) climbed around 750 points at its peak on Wednesday, pushing into the bullish side to pass back through the 43,000 handle before getting hung up on the 50-day Exponential Moving Average (EMA). Equity markets are tilting firmly into the bullish camp after a key core inflation gauge ticked slightly lower.
Can please write a news story about the closing stock market es for for ALL the following indices but can you change the symbol where it appears for the percent word
Stock index futures pointed to a higher open Tuesday, but direction will likely be dictated by the producer price index out ahead of trading.
Can please write a news story about the closing stock market quotes for for ALL the following indices but can you change the % symbol where it appears for the 'percent' word?.