PCE Inflation: Catalyst for US Market & MSTR ?
@JC888:
Major US stock indexes stabilized on Thu, 19 Dec 2024 but failed to hold onto early gains. This comes a day after the Fed's Wednesday revised outlook for interest rates and inflation, triggering a steep selloff. By the time market called it a day: (see above) DJIA: +0.04% (+15.37 to 42,342.24). Snapped its 10-day stretch of decline. Still, it was the longest streak of daily losses since 04 Oct 1974. S&P 500: -0.09% (-5.08 to 5,867.08). Registered 2 new 52-week highs & 40 new lows. Nasdaq: -0.10% (-19.92 to 19,372.77). Recorded 29 new highs and 276 new lows. Trading volume on US. exchanges was 16.33 billion shares, compared with the 14.52 billion average for the full session over the last 20 trading days. US Q3 GDP - Final. On Thursday morning, US market rose initially after the Com