NY Stocks Relieved by Below-Expectations PCE… Starts Strong
5 Articles
5 Articles
(New York = Yonhap News) Jin Jeong-ho, Yonhap Infomax Correspondent = The three major stock indices of the New York stock market are showing strength.
New York's main stock indexes opened up this Wednesday, recovering part of the losses seen this week, with support from a fall in Treasury income after the inflation data released this morning become weaker than expected. Yesterday, less restrictive statements by the President of the Federal Reserve (Fed) of New York, John Williams, had generated some relief for investors, reducing the stakes on a high interest rate in October. At around 10:35 (…
At the opening, the Dow Jones index rose 0.15 percent to 51,424.84 points. The S&P 500 index increased 0.24 percent to 7,688.99 points, and the Nasdaq index gained 0.36 percent to 26,892.80 points. Today's US data...
The New York stock exchange opened higher today following lower-than-expected inflation data.
The New York stock market opened higher following weaker-than-expected inflation data; the Dow Jones rose 0.15%, and the Nasdaq increased 0.36%. Core inflation in the US increased by 0.2% month-on-month and 3% year-on-year in August, somewhat weakening the likelihood of a Fed interest rate hike.
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