A lower October PPI suggested that inflation is abating and has triggered a rise in the S&P 500, other leading averages, and retail stocks.
Futures tied to the Dow Jones and other leading indexes climbed significantly after reports suggested that inflation may be slowing.
Stock traders and investors look poised for a bountiful week of earnings as they await a major interest rate decision from the Fed.
Just like the positive bullish growth in the rest of the Asian Pacific market outside of China and Hong Kong, the United States stock market also ended its last trading session in the green.
The plunge in revenue and profits in the quarter are borne out of the reduction in trading volumes, a situation that is not necessarily peculiar to the Hong Kong Stock Exchange alone.
Following strong earnings reports from several financial companies, the Dow Jones Industrial Average is currently rallying.
The majority of companies that have released their performance reports have shown that the economic meltdown was born as a result of soaring inflation.
Despite the terrifying inflation report, the Asia-Pacific market grew overnight, with investors shifting focus on the possible reconsideration of the fiscal policies.
The S&P 500 registered the fifth-largest intraday reversal from the low in the history of the markets.
Investors are generally exercising caution ahead of the PPI and CPI data release and this conservative stance is reflected in the closing performance of the tech-heavy Nasdaq Composite.
The S&P and Nasdaq Composite reversed earlier gains to end Tuesday’s session in a loss, as the Fed readies key inflation report.
Apple’s stock downgrade by Bank of America has sparked a fresh tech selloff which sees Alphabet, Microsoft, Tesla, others impacted.
S&P 500 futures declined further to set a new low record as Wall Street observers ponder what could come next.
After five straight sessions of negative closing, the US equity indices are recovering in the early trading on Tuesday.
The third consecutive 0.75 percent point increase announced by the Federal Reserve has impacted stocks across different sectors.