News

Stock Rally Continues as Subdued Inflation Data Influence Investors

1 Mins read

The stock market saw another day of gains on Wednesday, adding to the impressive rally from the prior session. Investors closely evaluated the latest round of inflation data, which continued to show a lack of significant price pressures. The October producer price index reported a decline in the headline figures, while the core reading, which excludes food and energy, experienced a modest 0.1% increase. This rise was lower than the 0.3% gain seen in September.

Tuesday witnessed an extraordinary surge in stocks, with the S&P 500 recording its largest one-day percentage gain since January 6th. Ultimately, the index reached a two-month high after investors interpreted a subdued consumer price index reading as a signal that the Federal Reserve’s rate-hiking cycle has come to a halt. Consequently, market participants began factoring in a sequence of rate cuts projected to occur in 2024.

As for current developments, preliminary data shows that the Dow rose approximately 164 points, or 0.5%, to close near 34,991 on Wednesday. Similarly, the S&P 500 observed a 0.2% increase, while the Nasdaq Composite gained 0.1%. These positive movements indicate continued momentum in the stock market.

Investors remain optimistic as the enticing upward trend persists, supported by a careful assessment of inflation indicators and the potential impact on monetary policy going forward.

Related posts
News

IMF commends Sri Lanka's new govt for reform continuation

1 Mins read
COLOMBO, Apr 25: The International Monetary Fund (IMF) on Friday commended the Sri Lankan government, led by President Anura Kumara Dissanayake, for…
News

U.S. Federal Reserve revokes crypto guidance for banks

1 Mins read
25th April 2025 – (Washington) The U.S. Federal Reserve announced on 24th April that it will withdraw previous guidance requiring state member…
News

Largo Reports Q1 2025 Production and Sales Results; Provides Update on Operational Turnaround Plans By Investing.com

7 Mins read
All dollar amounts expressed are in thousands of U.S. dollars unless otherwise indicated. Q1 2025 HighlightsBest Forex Trading Robots For 2022 TORONTO–(BUSINESS…

Leave a Reply

Your email address will not be published. Required fields are marked *