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Stocks Set for Gains After Cooler Inflation Data Eases Rate Hike Fears

  • US stock futures point to a higher open on Friday following cooler-than-expected inflation data.

  • The Fed's preferred inflation gauge, the PCE index, rose 3.9% in August vs 4.2% in July, easing rate hike expectations.

  • Stocks are still set for sharp monthly and quarterly losses due to surging oil prices and recession fears from the Fed's aggressive rate hikes.

  • Nike stock popped over 8% in premarket trading after beating profit estimates and expressing confidence in Chinese demand.

  • Lawmakers look set to miss the Saturday deadline to avert a government shutdown, threatening more economic and market damage.

yahoo.com
Relevant topic timeline:
Stocks opened higher as investors awaited a key speech from Federal Reserve Chair Jerome Powell at the Jackson Hole economic symposium, with expectations of a more nuanced stance on rate hikes.
Stock futures opened higher to start the final trading week of August, following positive remarks from Federal Reserve Chair Jerome Powell and the expectation of a cautious approach to interest rate hikes.
European stock markets are expected to open higher following positive moves on Wall Street, as investors anticipate fresh economic data and a potential pause in interest rate hikes by the Federal Reserve.
Stocks closed higher on Wall Street as economic reports indicated a cooling economy, potentially leading to a pause in interest rate hikes by the Federal Reserve.
Stocks are set to open slightly higher following a strong rally, as investors anticipate the release of the Labor Department's non-farm employment report and Apple's product event.
European markets are expected to open higher following UBS's strong quarterly results and positive economic data, while China's factory activity contracted and U.S. job growth slowed in August.
Wall Street stocks opened lower as traders grappled with concerns over China's struggling economy and climbing Treasury yields, with the S&P 500 and Dow Jones slightly down and the Nasdaq Composite slipping, while the focus remains on the Federal Reserve and seasonal market forces.
Stocks are expected to open the week higher, with the S&P 500 up 0.5% in premarket trading, as investors look ahead to key U.S. economic data and show interest in companies such as Lennar, Arm, Tesla, and Oracle.
U.S. stocks closed higher on Monday, fueled by a rebound in Tesla shares and gains in the consumer discretionary sector, as investors looked ahead to key economic data on inflation later in the week.
Wall Street stocks set for higher open as August inflation suggests the Federal Reserve won't raise interest rates, while Arm's IPO and oil prices remain in focus.
US stocks opened lower on Friday after failing to build on a Thursday rally, as concerns about the world's second-largest economy and a historic strike by the United Auto Workers union weighed on investor sentiment.
Wall Street stocks rise as investors await the Federal Reserve's decision on interest rates, with focus on future rate projections and hints from Fed Chair Jerome Powell.
U.S. stocks are expected to open lower and the dollar is soaring after the Federal Reserve indicated that interest rates will remain higher for a longer period, while the Bank of England faces a tough rate decision and the Swiss National Bank has paused its rate-hiking cycle.
Stocks opened lower on Tuesday as investors faced the likelihood of the Federal Reserve not cutting interest rates any time soon, leading to concerns about higher interest rates, rising treasury yields, and a potential government shutdown.
Stock futures open slightly higher as investors prepare to end a challenging September, with the S&P 500 set to finish the month down 4.6% and the Dow down 3%.
Stocks rose at the open on Friday as Wall Street welcomed a lower-than-expected inflation reading, with all three major indices looking to build on Thursday's gains.
European markets are set to open higher on Monday following a slowdown in euro zone inflation, while Asia-Pacific stocks traded mixed and U.S. stock futures jumped after a temporary agreement was reached to avoid a government shutdown. Veteran EM investor Mark Mobius recommends two tech giants for portfolios investing in developing economies, and Goldman Sachs names six global stocks to play the energy transition.
Stocks opened higher on Wall Street as bond yields retreated and investors prepared for the consequences of the US House Speaker's removal, following a sell-off on Tuesday that pushed the Dow Jones Industrial Average into negative territory for the year.
Stocks on Wall Street opened lower after the US jobs report exceeded expectations, raising concerns that the Federal Reserve may raise interest rates; the Dow Jones was down 0.3%, the S&P 500 lost 0.4%, and the Nasdaq Composite dropped 0.5%.
U.S. stock markets closed higher on Friday due to strong job creation, leading to discussions about a potential Federal Reserve interest rate hike; Asian markets, including Japan, Australia, and China experienced mixed results; European markets were mostly positive; commodities such as crude oil and gold saw an increase in prices; and U.S. futures and forex showed a decline and mixed results respectively.
Asian markets are expected to open higher following a rebound in risk sentiment driven by comments from Fed officials suggesting a possible pause in rate hikes, resulting in gold and oil prices rising, the dollar weakening, and Wall Street recovering from losses.
Asian shares open higher following Wall Street's lead after dovish comments on rates from Federal Reserve officials, while oil and gold climb on the fallout from Hamas' attack on Israel.
Wall Street stocks rise as investors hope for a pause in interest-rate hikes by the Federal Reserve, while keeping an eye on escalating conflict in the Middle East.
US stocks gained at the open as investors analyzed wholesale inflation data and anticipated the Federal Reserve's minutes to gain insight into interest rate policies, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all showing gains.
Equity markets in Asia are expected to open higher after US shares extended their winning streak and investors focused on less hawkish comments from Federal Reserve speakers.
The US stock markets closed higher, extending a four-day winning streak, as investors await consumer inflation data for September that could impact the Federal Reserve's decision on interest rates, while Asian markets also saw gains.
Stocks pointed to a mostly higher open on Monday as investors monitored the Israel-Hamas conflict and prepared for a busy week of corporate earnings, with futures on the Dow Jones Industrial Average rising 0.4% and S&P 500 futures adding 0.2%.
U.S. stocks are set to end higher as investors shift their focus to the upcoming third quarter earnings season, while bond prices decline; cryptocurrencies gain attention with bitcoin rising, and major companies like Goldman Sachs, Johnson & Johnson, Netflix, and Tesla prepare to release their quarterly results.
Stocks opened lower on Wednesday as rising Middle East tensions and lackluster earnings from Morgan Stanley weighed on investor sentiment. The Dow Jones Industrial Average fell over 0.2%, while the S&P 500 dropped nearly 0.5% and the Nasdaq Composite slipped 0.3%.
Stocks opened lower as investors digest disappointing Big Tech earnings and rising bond yields, with the Nasdaq and S&P 500 dropping about 0.5% and 0.4%, respectively, while the Dow Jones Industrial Average remained flat. The US economy grew at its fastest pace in nearly two years, with a 4.9% increase in GDP, driven by strong consumer spending. Stock futures point to a continuation of the sell-off as investors anticipate more earnings releases.