The major US stock indices are liking the earnings from some major financials as well as the CPI data. The combination of the CPI and PPI has number crunchers thinking the core PCE will be just below the 0.2% level at 0.19% when it is released later this month. The three and six-month averages of the MoM for that key inflation gauge is right at 0.2%. It isn't 2.0% YoY but it is on this side of the 2% to 3% bracket.
A summary of the earnings released today shows:
A snapshot of the price action is showing solid gains for each:
looking at the major indices:
Dow industrial average up 709 points or 1.67% at 43230.44S&P index up 96.75 points or 1.66% at 5939.NASDAQ index up 384 points or 2.02% at 19429.50.Looking at the Magnificent Seven:
Tesla (TSLA): Price $415.68, Change +$19.32, Change +4.87%.Meta Platforms (META): Price $612.24, Change +$17.99, Change +3.03%.Amazon.com (AMZN): Price $222.70, Change +$4.94, Change +2.27%.Microsoft (MSFT): Price $423.81, Change +$8.14, Change +1.96%.Alphabet A (GOOGL): Price $193.07, Change +$3.41, Change +1.80%.Apple (AAPL): Price $237.29, Change +$4.01, Change +1.72%.NVIDIA (NVDA): Price $133.61, Change +$1.85, Change +1.40%. This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about us stocks are liking the earnings and the cpi was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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