Dow Jones Futures Rise Ahead Of Economic Data
US consumer prices showed no signs of cooling in December amid higher costs for energy goods, but the Federal Reserve’s preferred inflation gauge dipped — leading to a rally on Wall Street. The Consumer Price Index rose 0.
Dow Jones futures rose Tuesday on a surprise inflation report. Nvidia stock and Tesla rallied on the stock market today.
The Dow Jones Industrial Average and the other major indexes switched gears and ventured into positive ground during afternoon trading Tuesday. Investors were still trying to make sense of the December producer price index,
Dow Jones trimmed larger losses on the stock market today as the major indexes sold off on a strong jobs report. Selling was widespread.
The Dow Jones rose Tuesday after jobs data. Nvidia stock reversed from record highs after CEO Jensen Huang unveiled new AI products.
Dow Jones futures fell Wednesday ahead of jobs data and Fed minutes. Nvidia stock looked to bounce back from Tuesday's plunge.
US industrial production fared much better than expected last month, the Federal Reserve said Friday, rising sharply as aircraft manufacturing rebounded after the end of a strike at Boeing.
Gas prices rose sharply, but investors homed in on a small decline in the core CPI.
U.S. stocks traded sharply higher in Wednesday's final hour of trading, with the Dow Jones Industrial Average and S&P 500 headed for a third consecutive session of gains after December's CPI data sparked a relief rally.
A Labor Department report showed the Consumer Price Index (CPI) rose 2.9 per cent on an annual basis in December 2024, the highest since last July
U.S. inflation probably worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much this year.