Wall St edges higher after US inflation data released

Sydney Morning Herald11-13

Wall Street's main indexes have moved higher after in-line consumer price inflation data kept the US Federal Reserve on track to deliver another interest rate cut in December.The consumer price index ...

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.

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/2483090880?lang=en_US&edition=fundamental","thumbnail":"https://images.perthnow.com.au/publication/C-16742930/0b76d49d5a8329623a8b04908a4c268723c563eb-16x9-x0y0w1280h720.jpg","is_english":true,"pubTime":"2024-11-13 23:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2483090880","market":"hk","top_or_hot":-1,"title":"Wall St edges higher after US inflation data released","media":"Sydney Morning Herald","content":"<div>\n<p>Wall Street's main indexes have moved higher after in-line consumer price inflation data kept the US Federal Reserve on track to deliver another interest rate cut in December.The consumer price index ...</p>\n\n<a href=\"https://www.perthnow.com.au/business/markets/wall-st-edges-higher-after-us-inflation-data-released-c-16742930\">Source Link</a>\n\n</div>\n","source":"perthnow_stock","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>Wall St edges higher after US inflation data released</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\">\nWall St edges higher after US inflation data released\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-13 23:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.perthnow.com.au/business/markets/wall-st-edges-higher-after-us-inflation-data-released-c-16742930><strong>Sydney Morning Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street's main indexes have moved higher after in-line consumer price inflation data kept the US Federal Reserve on track to deliver another interest rate cut in December.The consumer price index ...</p>\n\n<a href=\"https://www.perthnow.com.au/business/markets/wall-st-edges-higher-after-us-inflation-data-released-c-16742930\">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":"CPI","symbol_name":"IQ Real Return ETF","start_time":0,"source_url":"https://www.perthnow.com.au/business/markets/wall-st-edges-higher-after-us-inflation-data-released-c-16742930","article_id":"2483090880","we_media_id":null,"thumbnails":["https://images.perthnow.com.au/publication/C-16742930/0b76d49d5a8329623a8b04908a4c268723c563eb-16x9-x0y0w1280h720.jpg"],"rights":{"source":"perthnow_stock","url":"https://www.perthnow.com.au/business/markets/wall-st-edges-higher-after-us-inflation-data-released-c-16742930","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2483090880","pubTimestamp":1731512251,"columns":[],"sourceInfo":{"source_id":"perthnow_stock","name":"PerthNow"},"weMediaInfo":null,"summary":"US stocks have opened higher as investors digested the release of new inflation data.","collect":0,"end_time":0,"defaultTopTitle":"perthnow.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"CPI":"IQ Real Return ETF"},"translate_title":"美国通胀数据公布后华尔街小幅走高","themeId":"75baef87fb41b7ee1db8f6ea2c215555","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CPI":1},"content_text":"Wall Street's main indexes have moved higher after in-line consumer price inflation data kept the US Federal Reserve on track to deliver another interest rate cut in December.The consumer price index rose 0.2 per cent in October for the fourth straight month, the Labor Department's Bureau of Labor Statistics said, and advanced 2.6 per cent on an annual basis.Excluding the volatile food and energy components, the CPI increased 0.3 per cent in October.The numbers were in line with economists' forecasts.US stock index futures had reversed early losses following the data.\"The market is already a little bit on edge about the inflationary possibilities for 2025 under a new administration,\" said Ross Mayfield, investment strategist, Baird.\"The fact that (CPI) came in line ... gives markets a chance to breathe and focus on the other things that have been moving it lately.\"Expectations for a 25-basis point interest rate cut at the Fed's December meeting jumped to 82 per cent after the data, from about 58 per cent, according to CME FedWatch.Minneapolis Fed President Neel Kashkari said in an interview with Bloomberg TV that he was confident inflation was headed down, noting that the CPI data \"confirms\" that downward path.The Dow Jones Industrial Average rose 98.25 points, or 0.22 per cent, to 44,009.23, the S&P 500 gained 8.33 points, or 0.14 per cent, to 5,992.32, and the Nasdaq Composite gained 17.34 points, or 0.09 per cent, to 19,298.74.Rate-sensitive small-cap companies tracked by the Russell 2000 index jumped 0.9 per cent while the real estate sector gained 1.3 per cent.The benchmark index was buoyed by consumer discretionary shares, boosted by a 4.0 per cent gain in EV maker Tesla after Trump named CEO Elon Musk as a co-leader of a newly created Department of Government Efficiency.Communication services stocks declined 0.5 per cent, weighed down by Meta Platforms.A judge ruled that the Facebook owner will face an antitrust trial over its Instagram and WhatsApp acquisitions.All three major indexes closed lower on Tuesday, also pressured by rising US Treasury yields on expectations that president-elect Donald Trump's policies could exacerbate inflation.The benchmark 10-year Treasury yield eased back to below 4.4 per cent after Wednesday's CPI data.Despite the declines on Tuesday, Wall Street has been largely upbeat over the past few days, expecting Trump's pro-business stance and possible tax cuts to buoy corporate growth even as some worries remain over higher tariffs and inflation.Spirit Airlines' shares plunged 56.5 per cent after a report the US carrier is preparing to file for bankruptcy protection while the company said it is in talks with creditors.EV maker Rivian soared 19 per cent after Volkswagen on Tuesday raised its investment in the company by 16 per cent to $US5.8 billion ($A8.9 billion).Fed officials Alberto Musalem and Jeffrey Schmid are scheduled to speak later in the day.Advancing issues outnumbered decliners for a 2.35-to-1 ratio on the NYSE and a 1.64-to-1 ratio on the Nasdaq.The S&P 500 posted 23 new 52-week highs and 10 new lows while the Nasdaq Composite recorded 104 new highs and 45 new lows.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"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":"4.29.3","shortVersion":"4.29.3","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/2483090880"}