U.S. stocks rose Tuesday, clim-To The Moon - Tiger Brokers Online Investing Community - To The Moon

U.S. stocks rose Tuesday, climbing on the strength of fresh inflation data showing prices rose less than expected last month.

The S&P 500 (^GSPC) advanced by 0.7%. The Dow Jones Industrial Average (^DJI) added 0.3%, while the technology-heavy Nasdaq Composite (^IXIC) rose 1.0%.

Stocks fluctuated throughout the day, paring significant early gains in the session before ending comfortably in the green. The session's jump came after data from the Bureau of Labor and Statistics showed prices in November rose 0.1% over the prior month and 7.1% over the prior year.

Tuesday's data was seen by investors as potentially encouraging for the Federal Reserve to ease off its aggressive rate hikes early next year. The Fed could start down a slowing rate-hike path as soon as Wednesday, when it concludes its two-day policy meeting and will announce its latest hike.

Following the inflation data and amid the subsequent stock rally, the dollar tumbled against most major currencies and bitcoin (BTC-USD) surged, rising as much as 5%.

Yields rose, with the yield on 10-year Treasury notes up as much as 9 basis points to around to 3.52% Tuesday after dipping to 3.45% earlier in the session.

@Daily_Discussion

💰 Stocks to watch today?(17 May)

1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!

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

boardy
2022-12-14
boardy
great news until tommorow
GarethTan
2022-12-14
GarethTan
[Miser] [Miser]
hosw76
2022-12-14
hosw76
[强]
SPACaddict
2022-12-14
SPACaddict
6
Serenechua
2022-12-14
Serenechua
ok
FatKid
2022-12-14
FatKid
K

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