US stocks rally as inflation data meets expectations

Like
Comment
Favorite

US stocks rally as inflation data meets expectations

Informed Investor09-02

US stocks surged on Friday, with the Dow Jones Industrial Average hitting a new record high as investors closed out a turbulent month on a positive note. Traders were also digesting key inflation data...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2464704472?lang=en_US&edition=fundamental","thumbnail":"https://informed-investor.s3.ap-southeast-2.amazonaws.com/images/News/3bc9b18184f2113a9158ec3bba22cb7d679f273b.jpg","is_english":true,"pubTime":"2024-09-02 06:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2464704472","market":"us","top_or_hot":-1,"title":"US stocks rally as inflation data meets expectations","media":"Informed Investor","content":"<div>\n<p>US stocks surged on Friday, with the Dow Jones Industrial Average hitting a new record high as investors closed out a turbulent month on a positive note. Traders were also digesting key inflation data...</p>\n\n<a href=\"https://www.sharecafe.com.au/2024/09/02/us-stocks-rally-as-inflation-data-meets-expectations-2/\">Source Link</a>\n\n</div>\n","source":"informedinvestor","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US stocks rally as inflation data meets expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS stocks rally as inflation data meets expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-02 06:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.sharecafe.com.au/2024/09/02/us-stocks-rally-as-inflation-data-meets-expectations-2/><strong>Informed Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>US stocks surged on Friday, with the Dow Jones Industrial Average hitting a new record high as investors closed out a turbulent month on a positive note. Traders were also digesting key inflation data...</p>\n\n<a href=\"https://www.sharecafe.com.au/2024/09/02/us-stocks-rally-as-inflation-data-meets-expectations-2/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SPY","symbol_name":"标普500ETF","start_time":0,"source_url":"https://www.sharecafe.com.au/2024/09/02/us-stocks-rally-as-inflation-data-meets-expectations-2/","article_id":"2464704472","we_media_id":null,"thumbnails":["https://informed-investor.s3.ap-southeast-2.amazonaws.com/images/News/3bc9b18184f2113a9158ec3bba22cb7d679f273b.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2464704472","pubTimestamp":1725229383,"sourceInfo":{"source_id":"informedinvestor","name":"Informed Investor"},"weMediaInfo":null,"summary":"US stocks surged on Friday, with the Dow Jones Industrial Average hitting a new record high as investors closed out a turbulent month on a positive note. Traders were also digesting key inflation data closely monitored by the Federal Reserve.","collect":0,"end_time":0,"defaultTopTitle":"sharecafe.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"SPY":"标普500ETF","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","VOO":"Vanguard标普500ETF","SH":"标普500反向ETF","OEF":"标普100指数ETF-iShares","SDS":"两倍做空标普500ETF","BK4559":"巴菲特持仓","BK4550":"红杉资本持仓","BK4588":"碎股","UPRO":"三倍做多标普500ETF",".SPX":"S&P 500 Index","OEX":"标普100","BK4504":"桥水持仓","BK4581":"高盛持仓","SSO":"两倍做多标普500ETF","IVV":"标普500指数ETF","SPXU":"三倍做空标普500ETF"},"translate_title":"通胀数据符合预期，美国股市上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VOO":0.64,"SPY":0.64,"IVV":0.6,"UPRO":0.6,"SSO":0.6,"SPXU":0.6,"SH":0.6,"SDS":0.6,"OEX":0.6,"OEF":0.6,".SPX":0.6,"ESmain":0.6},"content_text":"US stocks surged on Friday, with the Dow Jones Industrial Average hitting a new record high as investors closed out a turbulent month on a positive note. Traders were also digesting key inflation data closely monitored by the Federal Reserve.The Dow climbed 228.03 points, or 0.55 per cent, to finish at 41,563.08. The blue-chip index reached a fresh all-time high in the final moments of the trading session, marking another record close.The S&P 500 gained 1.01 per cent to close at 5,648.40, while the tech-heavy Nasdaq Composite rose 1.13 per cent to end at 17,713.62.Turning to US sectors, all closed higher on Friday. Consumer Discretionary was the best performer, up by almost 2 per cent. Energy recorded the fewest gains.In company news, Intel stock rose 9.5 per cent on news of potential business restructuring. Elastic NV stock fell over 26 per cent due to missed revenue forecasts. MongoDB stock surged 18.3 per cent following strong earnings and revenue results.The personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, increased by 0.2 per cent in July and 2.5 per cent year-over-year, aligning with economists' expectations. When excluding food and energy, the index also rose 0.2 per cent from the previous month.The Fed closely monitors this inflation metric, which could still play a crucial role in its rate decision in September.For August, the S&P 500 posted a 2.3 per cent gain, while the Dow increased nearly 1.8 per cent. The Nasdaq Composite advanced 0.7 per cent for the month. The S&P 500 recorded its fourth consecutive month of gains, driven by strong performances in consumer staples, real estate, and health care sectors. FuturesThe SPI futures are pointing to a 0.2 per cent fall.Currency One Australian dollar at 7.35am was buying 67.66 US cents.Commodities Gold lost 1.28 per cent. Silver fell 2.82 per cent. Copper shed 0.26 per cent. Oil dropped 3.11 per cent.Figures around the globe European markets closed lower. London’s FTSE lost 0.04 per cent, Frankfurt fell 0.03 per cent, and Paris closed 0.13 per cent lower.Turning to Asian markets, Tokyo’s Nikkei added 0.74 per cent, Hong Kong’s Hang Seng gained 1.14 per cent, while China’s Shanghai Composite closed 0.68 per cent higher.On Friday, the Australian share market closed 0.58 per cent higher at 8091.85.  Ex-dividendsArn Media Limited (ASX:A1N) is paying 1.2 cents fully frankedBendigo and Adelaide (ASX:BEN) is paying 33 cents fully frankedConsolidated Ops Gp (ASX:COG) is paying 4.4 cents fully frankedEquity Hl (ASX:EQT) is paying 53 cents fully frankedGr Engineering Ltd (ASX:GNG) is paying 10 cents fully frankedIntegrated Research (ASX:IRI) is paying 2 cents fully frankedPengna Glbal Private (ASX:PCX) is paying 1.16 0Prime Financial (ASX:PFG) is paying 0.85 cents fully frankedPropel Funeral (ASX:PFP) is paying 7.2 cents fully frankedPinnacle Investment (ASX:PNI) is paying 26.4 71.96Sequoia Fin Grp Ltd (ASX:SEQ) is paying 5 cents fully frankedTABCORP Holdings Ltd (ASX:TAH) is paying 0.3 0Worley Limited (ASX:WOR) is paying 25 0Dividends payableReckon Ltd (ASX:RKN)Seven Group Holdings Ltd (ASX:SVW)Dicker Data Ltd (ASX:DDR)National Storage REIT (ASX:NSR)Sources: Bloomberg, FactSet, IRESS, TradingView, UBS, Bourse Data, Trading Economics, CoinMarketCap, Marketech.DisclaimerThe views, opinions or recommendations of the commentators in this presentation are solely those of the author and do not in any way reflect the views, opinions, recommendations, of Sequoia Financial Group Limited ABN 90 091 744 884 and its related bodies corporate (“SEQ”). SEQ makes no representation or warranty with respect to the accuracy, completeness or currency of the content. Any prices published are accurate subject to the time of filming and shouldn’t be relied upon to make a financial decision. Commentators may hold positions in stocks mentioned and companies may pay FNN to produce the content at times. The content is for educational purposes only and does not constitute financial advice. Independent advice should be obtained from an Australian Financial Services Licensee before making investment decisions. To the extent permitted by law, SEQ excludes all liability for any loss or damage arising in any way including by way of negligence.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}