Nasdaq, S&P 500 Open Higher; PCE Inflation Hits 2.7% -- WSJ

Dow Jones04-26

By Patricia Kowsmann and David Uberti

Stocks opened Friday higher, putting indexes on track for weekly gains despite another round of firm inflation data.

The Fed's favored inflation metric showed inflation running at 2.7% in the year through March, or 2.8% excluding volatile food and energy prices. The readout follows a GDP report Thursday that pushed Wall Street's dream of Fed rate cuts further out of reach.

Meanwhile, is Big Tech to the rescue once again? Strong earnings from Alphabet and Microsoft landed last night, with the former's shares jumping this morning. Results from oil majors Exxon Mobil and Chevron also are out.

In morning trading:

   -- All three indexes are up, with the tech-heavy Nasdaq leading the way. 
 
   -- Alphabet popped after announcing its first-ever cash dividend. Microsoft 
      also rose on strong artificial intelligence demand. 
 
   -- Exxon and Chevron fell as their run of record-setting profits appeared to 
      be tapering off. 
 
   -- Treasury yields slipped. The 10-year yield edged below 4.7% after hitting 
      that level Thursday for the first time this year. 
 
   -- The yen slid in volatile trading after the Bank of Japan left interest 
      rates unchanged. 
 
   -- Copper prices continued their ascent. Brent crude oil futures edged above 
      $88 a barrel.

Write to Patricia Kowsmann at patricia.kowsmann@wsj.com and David Uberti at david.uberti@wsj.com

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 26, 2024 09:51 ET (13:51 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2430270785?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-26 21:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2430270785","market":"hk","top_or_hot":-1,"title":"Nasdaq, S&P 500 Open Higher; PCE Inflation Hits 2.7% -- WSJ","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Patricia Kowsmann and David Uberti \n</p>\n<p>\n  Stocks opened Friday higher, putting indexes on track for weekly gains despite another round of firm inflation data. \n</p>\n<p>\n  The Fed's favored inflation metric showed inflation running at 2.7% in the year through March, or 2.8% excluding volatile food and energy prices. The readout follows a GDP report Thursday that pushed Wall Street's dream of Fed rate cuts further out of reach. \n</p>\n<p>\n  Meanwhile, is Big Tech to the rescue once again? Strong earnings from Alphabet and Microsoft landed last night, with the former's shares jumping this morning. Results from oil majors Exxon Mobil and Chevron also are out. \n</p>\n<p>\n  In morning trading: \n</p>\n<pre>\n   -- All three indexes are up, with the tech-heavy Nasdaq leading the way. \n \n   -- Alphabet popped after announcing its first-ever cash dividend. Microsoft \n      also rose on strong artificial intelligence demand. \n \n   -- Exxon and Chevron fell as their run of record-setting profits appeared to \n      be tapering off. \n \n   -- Treasury yields slipped. The 10-year yield edged below 4.7% after hitting \n      that level Thursday for the first time this year. \n \n   -- The yen slid in volatile trading after the Bank of Japan left interest \n      rates unchanged. \n \n   -- Copper prices continued their ascent. Brent crude oil futures edged above \n      $88 a barrel. \n</pre>\n<p>\n  Write to Patricia Kowsmann at patricia.kowsmann@wsj.com and David Uberti at david.uberti@wsj.com \n</p>\n<p>\n  This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 26, 2024 09:51 ET (13:51 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"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>Nasdaq, S&P 500 Open Higher; PCE Inflation Hits 2.7% -- WSJ</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\">\nNasdaq, S&P 500 Open Higher; PCE Inflation Hits 2.7% -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-26 21:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Patricia Kowsmann and David Uberti \n\n\n  Stocks opened Friday higher, putting indexes on track for weekly gains despite another round of firm inflation data. \n\n\n  The Fed's favored inflation metric ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"SQQQ","symbol_name":"纳指三倍做空ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2430270785","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430270785","pubTimestamp":1714139460,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Stocks opened Friday higher, putting indexes on track for weekly gains despite another round of firm inflation data.The Fed's favored inflation metric showed inflation running at 2.7% in the year through March, or 2.8% excluding volatile food and energy prices. The readout follows a GDP report Thursday that pushed Wall Street's dream of Fed rate cuts further out of reach.Meanwhile, is Big Tech to the rescue once again?Strong earnings from Alphabet and Microsoft landed last night, with the former's shares jumping this morning. Results from oil majors Exxon Mobil and Chevron also are out.-- All three indexes are up, with the tech-heavy Nasdaq leading the way.-- Alphabet popped after announcing its first-ever cash dividend. Microsoft. -- Exxon and Chevron fell as their run of record-setting profits appeared to. -- Treasury yields slipped. The 10-year yield edged below 4.7% after hitting. that level Thursday for the first time this year.-- The yen slid in volatile trading after the Bank of","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SQQQ":"纳指三倍做空ETF","SDS":"两倍做空标普500ETF","SH":"标普500反向ETF","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","SPXU":"三倍做空标普500ETF","QID":"纳指两倍做空ETF","UPRO":"三倍做多标普500ETF","SPY":"标普500ETF","OEF":"标普100指数ETF-iShares","LU0149725797.USD":"汇丰美国股市经济规模基金","IVV":"标普500指数ETF","PSQ":"纳指反向ETF","QLD":"纳指两倍做多ETF","QQQ":"纳指100ETF","TQQQ":"纳指三倍做多ETF","NDAQ":"纳斯达克OMX交易所","MSFT":"微软","GOOG":"谷歌","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","VOO":"Vanguard标普500ETF",".SPX":"S&P 500 Index","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2",".IXIC":"NASDAQ Composite","OEX":"标普100","XOM":"埃克森美孚","SSO":"两倍做多标普500ETF","GOOGL":"谷歌A"},"translate_title":"纳斯达克、标普500开盘走高；PCE通胀率达到2.7%——华尔街日报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".SPX":1,"VOO":1,"SPY":1,"NDAQ":1,"NQmain":1,".IXIC":1,"GOOG":0.9,"XOM":0.9,"MSFT":0.9,"GOOGL":0.9,"US10Y.BOND":0.85,"US12M.BOND":0.85,"US2Y.BOND":0.85,"US30Y.BOND":0.85,"US3Y.BOND":0.85,"US5Y.BOND":0.85,"US6M.BOND":0.85,"US7Y.BOND":0.85,"US912797GB79.BOND":0.6,"US912797FS14.BOND":0.6,"US912797FH58.BOND":0.6,"US912796CX52.BOND":0.6,"US912797GK78.BOND":0.6,"US912797GL51.BOND":0.6,"US912797GW17.BOND":0.6,"US912797HE00.BOND":0.6,"US912797HG57.BOND":0.6,"US912797HH31.BOND":0.6,"UPRO":0.6,"QID":0.6,"MNQmain":0.6,"OEF":0.6,"OEX":0.6,"PSQ":0.6,"IVV":0.6,"QLD":0.6,"QQQ":0.6,"SDS":0.6,"SH":0.6,"SPXU":0.6,"ESmain":0.6,"SQQQ":0.6,"SSO":0.6,"TQQQ":0.6},"content_text":"By Patricia Kowsmann and David Uberti \n\n\n  Stocks opened Friday higher, putting indexes on track for weekly gains despite another round of firm inflation data. \n\n\n  The Fed's favored inflation metric showed inflation running at 2.7% in the year through March, or 2.8% excluding volatile food and energy prices. The readout follows a GDP report Thursday that pushed Wall Street's dream of Fed rate cuts further out of reach. \n\n\n  Meanwhile, is Big Tech to the rescue once again? Strong earnings from Alphabet and Microsoft landed last night, with the former's shares jumping this morning. Results from oil majors Exxon Mobil and Chevron also are out. \n\n\n  In morning trading: \n\n\n   -- All three indexes are up, with the tech-heavy Nasdaq leading the way. \n \n   -- Alphabet popped after announcing its first-ever cash dividend. Microsoft \n      also rose on strong artificial intelligence demand. \n \n   -- Exxon and Chevron fell as their run of record-setting profits appeared to \n      be tapering off. \n \n   -- Treasury yields slipped. The 10-year yield edged below 4.7% after hitting \n      that level Thursday for the first time this year. \n \n   -- The yen slid in volatile trading after the Bank of Japan left interest \n      rates unchanged. \n \n   -- Copper prices continued their ascent. Brent crude oil futures edged above \n      $88 a barrel. \n\n\n  Write to Patricia Kowsmann at patricia.kowsmann@wsj.com and David Uberti at david.uberti@wsj.com \n\n\n  This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 26, 2024 09:51 ET (13:51 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430270785"}