• Sun. May 26th, 2024

Stock Markets Surge in Anticipation of Inflation Data Release

BySamantha Jones

Mar 27, 2024
Today’s Global Markets: American Stock Market Soars in Anticipation of Inflation Data

On Wednesday, US stocks surged in anticipation of the upcoming release of inflation data. Investors are particularly interested in the US core personal consumption expenditure (PCE) price index data for February, as it could provide insights into when the Federal Reserve might begin cutting interest rates.

As of 9:40 a.m. Eastern time, the Dow Jones Industrial Average was up by 307 points, or 0.8%, the S&P 500 had risen by 0.6%, and the Nasdaq composite was up by 0.3%. Shares of Trump Media & Technology Group saw an impressive 18.6% jump, while Merck climbed 4.9% following the federal approval of its Winrevair treatment for adults with pulmonary arterial hypertension. Additionally, Robinhood Markets surged 3.5% after revealing its first credit card.

The 10-year Treasury yield slightly decreased to 4.22% from 4.23% on Tuesday in anticipation of inflation data release later in day . In European markets, most stock indexes saw gains, with Britain’s FTSE 100 falling slightly by

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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