Dow Jones, S&P 500, Nasdaq: Wall Street continues to be slightly up
Important economic data are helping the US stock markets to make a positive turnaround. Nevertheless, interest rate expectations remain constant: investors expect another interest rate hike by the Fed.
US stock market indexes showed positive movement on Wednesday, following a week of losses. The Dow Jones remained unchanged at 51,377 points, while the S&P 500 rose 0.6% to 7,716 points and the Nasdaq gained 0.9% to 27,050 points. The US Commerce Department released the Personal Consumption Expenditures (PCE) price index, which remained at 3.4% in August, in line with analysts' expectations.
The PCE is the Federal Reserve's preferred measure of inflation. Several Fed speakers are set to make comments throughout the week, and the US government's jobs report, including non-farm payroll and government sector employment, is due on Friday.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- FTSE 100 bosses’ pay boom fails to bridge Wall Street gap cityam.com
- The SEC Is finally modernizing transfer-agent rules. Wall Street must not repeat the ‘paperwork crisis’ coindesk.com
- Dow Jones, S&P 500, Nasdaq: Wall Street continues to be slightly up handelsblatt.com
- Micron earnings hit Wall Street after the bell. Here's how traders are positioned into the report cnbc.com
- Conagra Brands posted earnings of 41 cents, blowing past Wall Street's 28-cent forecast qz.com
- ASX set to slide, Wall Street higher after inflation update theage.com.au
- ASX set to slide, Wall Street higher after inflation update smh.com.au
- Wall Street moved higher after the latest PCE inflation report seekingalpha.com
