Dow Jones, S&P 500, Nasdaq: Wall Street largely starts in the plus – Micron share loses
Oil prices are rising, and US bond yields are also reaching their highest level since 2002. However, the hope of a less aggressive interest rate hike this year is still making investors optimistic.
US stock market indexes are little changed, with the Dow Jones down 0.4% to 50,692 points, S&P 500 steady at 7,625 points, and Nasdaq flat at 26,799 points. The US Commerce Department released inflation data on Wednesday, showing the personal consumption expenditures (PCE) price index remained at 3.4% in August, lower than analyst expectations.
The data may lead the Federal Reserve to forego a rate hike in October. Micron's shares fell nearly 2% despite the company raising its targets for the current quarter, with analysts suggesting the news was already priced in.
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.
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