The Dow surged 700 points after the latest core inflation report indicated a slowdown, bolstered further by strong banking earnings.
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 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.
Wall Street will first parse the producer price index for December on Tuesday, followed by the consumer price index on Wednesday.
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
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.
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%.
On Tuesday, the Dow Jones Industrial Average rose as traders analysed a lighter-than-expected US producer price index (PPI) report, according to CNBC. The Dow gained 221.16 points, or 0.52 percent, closing at 42,518.28. The S&P 500 advanced 0.11 percent to 5,842.91, while the tech-heavy Nasdaq Composite slipped 0.23 percent to 19,044.39.
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?.
The Dow surged 700 points after the latest core inflation report indicated a slowdown, bolstered further by strong banking earnings.