S&P 500 hits highest level in three months after key report shows slowdown in inflati

[floridafan]

Stocks rose sharply on Wednesday after a key inflation reading showed a better-than-expected slowdown for rising prices.

The Dow Jones Industrial Average jumped 535.10 points, or 1.63%, to close at 33,309.51. The S&P 500 gained 2.13% to 4,210.24, its highest level since early May. The Nasdaq Composite rose 2.89% to 12,854.80 for its best close since late April.

The headline consumer price index for July rose 8.5% year over year, and was flat compared to June. Economists surveyed by Dow Jones were expecting increases of 8.7% and 0.2%, respectively.

Core inflation, which strips out volatile food and energy prices, also saw a smaller-than-expected increase.

The Federal Reserve will weigh the report, along with other key economic data, ahead of its September meeting where it is slated to hike interest rates again.
https://www.cnbc.com/2022/08/09/stoc...n-report-.html

[Blackwater Lunchbreak]

Stocks rose sharply on Wednesday after a key inflation reading showed a better-than-expected slowdown for rising prices.

The Dow Jones Industrial Average jumped 535.10 points, or 1.63%, to close at 33,309.51. The S&P 500 gained 2.13% to 4,210.24, its highest level since early May. The Nasdaq Composite rose 2.89% to 12,854.80 for its best close since late April.

The headline consumer price index for July rose 8.5% year over year, and was flat compared to June. Economists surveyed by Dow Jones were expecting increases of 8.7% and 0.2%, respectively.

Core inflation, which strips out volatile food and energy prices, also saw a smaller-than-expected increase.

The Federal Reserve will weigh the report, along with other key economic data, ahead of its September meeting where it is slated to hike interest rates again.
https://www.cnbc.com/2022/08/09/stoc...n-report-.html

buy buy buy.


you're the dumb money.

[floridafan]

buy buy buy.


you're the dumb money.

Such good news.

[Blackwater Lunchbreak]

Such good news.

yes it's good news for the establishment that you're an idiot.

[floridafan]

yes it's good news for the establishment that you're an idiot.

My sympathies, little lady, that you cannot afford to invest in securities, but ts good news that the economy is getting back on track and inflation beginning to abate.

[Celticguy]

Such good news.

while certainly not bad news, inflation is still very high so the Fed will raise rates .75 or another full point.

[floridafan]

while certainly not bad news, inflation is still very high so the Fed will raise rates .75 or another full point.

Maybe so, or maybe not, you are far from an expert.

[Blackwater Lunchbreak]

My sympathies, little lady, that you cannot afford to invest in securities, but ts good news that the economy is getting back on track and inflation beginning to abate.

buy as much as you can.

you deserve it.

[Celticguy]

Maybe so, or maybe not, you are far from an expert.

no, but I do pay close attention to those who are.

but there is no question that inflation is very high still.

[Celticguy]

My sympathies, little lady, that you cannot afford to invest in securities, but ts good news that the economy is getting back on track and inflation beginning to abate.

oh gatorguy, we are miles away from "back on track". but if you want to make Wall Street richer please do buy stocks just dont exect them to be going up.