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
morality is a set of beliefs, attitudes, and behaviors that facilitate voluntary, cooperative and mutually beneficial relationships.
Trump Wins,
by definition https://www.vocabulary.com/dictionary/trump
morality is a set of beliefs, attitudes, and behaviors that facilitate voluntary, cooperative and mutually beneficial relationships.
Trump Wins,
by definition https://www.vocabulary.com/dictionary/trump
"Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.
morality is a set of beliefs, attitudes, and behaviors that facilitate voluntary, cooperative and mutually beneficial relationships.
Trump Wins,
by definition https://www.vocabulary.com/dictionary/trump
"Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.
"Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.
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