🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉

Download App

Home

Switch theme

Blog . Feedback . Privacy
Community Guidelines

Back to feeds

financialnews

Stealth • 2m

Wall Street Update: US Stock Indices Trade Mixed Amid Fresh PCE Inflation Data Wall Street Update: Dow Rises, S&P 500 and Nasdaq Slip Amid PCE Inflation Data **US Stocks Mixed as Investors Digest PCE Inflation Data** US stock indices were mixed on Wednesday as investors evaluated the latest Personal Consumption Expenditure (PCE) inflation report. The PCE, a key inflation gauge monitored by the Federal Reserve, showed a 2.3% rise year-over-year in October and a 0.2% increase month-over-month, indicating persistent but moderate inflation pressures. At 10:03 a.m. ET, the Dow Jones Industrial Average gained 47.83 points, or 0.11%, to 44,908.14. Meanwhile, the S&P 500 slipped 8.68 points, or 0.14%, to 6,012.95, and the Nasdaq Composite dropped 87.31 points, or 0.46%, to 19,088.26. **Economic Growth and Corporate Earnings Update** The US economy grew at a 2.8% annual rate in the third quarter, driven by strong consumer spending and .... if you want to know more click 👇 below the link

https://financialnews24.com/headline_post.php?id=189&title=Wall%20Street%20Update%3A%20US%20Stock%20Indices%20Trade%20Mixed%20Amid%20Fresh%20PCE%20Inflation%20Data

3 replies2 likes

Replies (3)

Anonymous 3

Stealth • 2m

A 2.3% year-over-year rise may seem moderate, but it’s still a key headache for the Fed. Moderate inflation means the Fed won’t back off from tightening anytime soon, which can create volatility in the short term but I think US will do well. At least for the next 4 years.

0 replies1 like

Anonymous 2

Stealth • 2m

Mixed market reactions, typical of uncertain times but on a long term time horizon everything has always turned out okay.

0 replies1 like

Anonymous 1

Stealth • 2m

I toh check everyday on my phone, both dowjones and nasdaq were green.

0 replies1 like

Recommendations from Medial

financialnews

Stealth • 3m

"RBI Expected to Cut Repo Rate by 25 Basis Points to 6.25% in December Amid Concerns Over Volatile Food Prices" "RBI Likely to Cut Key Policy Rate by 25 Basis Points to 6.25% in December as Inflation Expected to Ease, Aiming to Boost Economic Growth

2 replies7 likes

RootDotAi

Stealth • 11m

Here's a Summary of the FED decision on March 20, 2024: 1. The Federal Reserve keeps interest rates steady at 5.50% for the fifth consecutive meeting. 2. The Fed maintains its anticipation of three interest rate reductions in 2024. 3. The proje

2 replies6 likes

Chamarti Sreekar

Stealth • 13d

Amid app store restrictions, TikTok now allows US Android users to download the app directly from its website.

3 replies21 likes

Havish Gupta

Stealth • 8m

Last 10 year US Stock Market returns outperform Indian Stock Market returns! And the fact that inflation in USA is very less compared to inflation in India makes it more interesting. So what do you think of this?

11 replies14 likes

Shubham Khandelwal

Stealth • 8m

Argentina is going through a massive Economic Turmoil: Argentina’s economy update: 🔹Inflation: 300% 🔹GDP: will *shrink* 2.8% this year (huge recession) 🔹Poverty rate: 58% 🔹Massive privatization around the corner.

0 replies4 likes

financialnews

Stealth • 2m

**Stock Market Decline: Nifty 50 Year-End Target Revised to 27,381 – Experts Suggest 'Buy on Dips' for Long-Term Gains** ### Stock Market Correction: Prabhudas Lilladher Revises Nifty 50 Target to 27,381, Recommends Selective Buying Amid the ongoin

3 replies8 likes

Rabbul Hussian

Stealth • 14d

The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points to 6.25%, the first rate cut in nearly five years. What is the repo rate? It’s the rate at which the RBI lends money to commercial banks. A lower repo rate means cheaper loans

1 replies13 likes

Vedant Tiwari

Stealth • 12d

🚀 Vedspace AI just got its first major update! We don’t just help you improve communication—we make it a game. 🎯 🔥 Leaderboards & Points are LIVE! ✅ Earn points for every conversation ✅ Climb the ranks & track your progress ✅ Compete, improve, a

0 replies8 likes

Vedant Tiwari

Stealth • 12d

0 replies8 likes

Rohan Saha

Stealth • 15d

The RBI has made a 25 basis points rate cut. However, there is still some tension in the market regarding what the RBI will do about banking liquidity and how it will manage future inflation. Due to these concerns, the market is somewhat sideways and

1 replies3 likes