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US CPI inflation
Markets Turn Cautious as Inflation Data Looms: S&P 500 Dips, Currencies React to Geopolitical and Economic Pressures | Daily Market Analysis
Key events: USA - Core CPI (MoM) (Oct) USA - CPI (MoM) (Oct) USA - CPI (YoY) (Oct) USA - FOMC Member Kashkari Speaks USA - FOMC Member Williams Speaks On Tuesday, the S&P 500 closed lower, taking a pause from its recent upward momentum as surging Treasury yields weighed on the market ahead of key inflation data due Wednesday.
Strong Inflation Data Dampens Rate Cut Hopes, Weighing on Stocks and Boosting the Dollar | Daily Market Analysis
Key events: UK - GDP (MoM) (Aug) USA - PPI (MoM) (Sep) The S&P 500 finished lower on Thursday as unexpectedly strong inflation figures complicated expectations for potential Federal Reserve rate cuts. The Dow Jones Industrial Average dropped by 151 points, or 0.4%, while the S&P 500 declined 0.4%, and the NASDAQ Composite slipped by 0.2%.
Markets Climb as Fed Signals Weigh on Alphabet, GBP/USD, and AUD/USD Ahead of Inflation Data | Daily Market Analysis
Key events: USA - Core CPI (MoM) (Sep) USA - CPI (YoY) (Sep) USA - CPI (MoM) (Sep) USA - Initial Jobless Claims USA - 30-Year Bond Auction The S&P 500 closed higher on Wednesday as investors continued to analyze signals from the Federal Reserve regarding future interest rate moves, ahead of important inflation data and Tesla’s robotaxi event. The Dow Jones Industrial Average gained 431 points (1%), the S&P 500 rose 0.7%, and the NASDAQ Composite added 0.5%.
Dow Surges Past 40,000 as Slowing Inflation Fuels Rate-Cut Hopes | Daily Market Analysis
Key events: UK - GDP (QoQ) (Q2) USA - Core Retail Sales (MoM) (Jul) USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Aug) USA - Retail Sales (MoM) (Jul) The Dow closed above the 40,000 mark on Wednesday, rising as signs of slowing inflation bring the Federal Reserve closer to potentially cutting interest rates next month. The Dow Jones Industrial Average gained 242 points, or 0.6%, ending at 40,008.12. The S&P 500 increased by 0.3%, while the NASDAQ Composite remained flat.
S&P 500 Hits New High Amid Fed's Rate Cut Signals | Daily Market Analysis
Key events: USA - Initial Jobless Claims USA - PPI (MoM) (May) USA - 30-Year Bond Auction On Wednesday, the S&P 500 achieved an intraday record high before closing with a gain, despite the Federal Reserve indicating only a single rate cut for this year. Positive sentiment was buoyed by data revealing that May's inflation was cooler than anticipated.