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financialnews

Stealth • 17d

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 • 16d

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 • 16d

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 • 16d

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

0 replies1 like

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