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The market tried to climb Tuesday but, shortly after opening, felt pressure from stocks in the banking sector. Within indexes, tech held the Nasdaq and S&P 500 higher while the Dow fell.
Just past the 4 pm ET close, the $S&P 500 Index (.SPX.US)$ climbed 0.45%, the $Dow Jones Industrial Average (.DJI.US)$ fell 0.23%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 0.84%.
MACRO
This week in macro, investors are waiting f...
Just past the 4 pm ET close, the $S&P 500 Index (.SPX.US)$ climbed 0.45%, the $Dow Jones Industrial Average (.DJI.US)$ fell 0.23%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 0.84%.
MACRO
This week in macro, investors are waiting f...
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HI，Mooers！![]()
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The CPI and PPI data will be released on the 11th and 12th. Since this will be the last CPI data release before the Federal Reserve's interest rate meeting on September 18th, it will directly influence the extent of the rate cut, and its importance needs no further elaboration!![]()
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The insights provided by mooers in the previous discussions and comments on the non-farm payroll employment rates have impressed us deeply.
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The CPI and PPI data will be released on the 11th and 12th. Since this will be the last CPI data release before the Federal Reserve's interest rate meeting on September 18th, it will directly influence the extent of the rate cut, and its importance needs no further elaboration!
The insights provided by mooers in the previous discussions and comments on the non-farm payroll employment rates have impressed us deeply.
...
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The highly anticipated Apple Fall Event finally took place on September 9th, Eastern Time. During the event, Apple unveiled the new iPhone 16 series, Apple Watch Series 10, and AirPods 4. The highlight of the event was undoubtedly the introduction of the first-generation AI iPhone, the iPhone 16 series. With Apple's iPhone business experiencing a decline over the past two quarters, the question arises: can AI serve as the c...
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Morning Movers
Gapping up
$Oracle (ORCL.US)$ rallied 7.9% after its fiscal first-quarter earnings of $1.39 per share on $13.31 billion in revenue exceeded expectations, with forecasts having predicted $1.32 per share on $13.23 billion.
$Alibaba (BABA.US)$ 's U.S.-traded shares increased by more than 2.7% after its Hong Kong shares were included in the stock connect programs with Shanghai and Shenzhen exchanges, a move expected to at...
Gapping up
$Oracle (ORCL.US)$ rallied 7.9% after its fiscal first-quarter earnings of $1.39 per share on $13.31 billion in revenue exceeded expectations, with forecasts having predicted $1.32 per share on $13.23 billion.
$Alibaba (BABA.US)$ 's U.S.-traded shares increased by more than 2.7% after its Hong Kong shares were included in the stock connect programs with Shanghai and Shenzhen exchanges, a move expected to at...
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$Lexicon Pharmaceuticals (LXRX.US)$ Lexicon Pharmaceuticals Announces Phase 3 Trial Results For Sotagliflozin In Insulin-Treated Type 2 Diabetes, Showing Improved Time-In-Range And Glucose Variability; Data To Be Presented At European Association For The Study Of Diabetes Annual Meeting On September 12th
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On September 11, the U.S. Bureau of Labor Statistics will release CPI data for August at 8:30 a.m. ET.
Economists expect the overall CPI to rise by 0.2% in August, which will bring the annual rate to 2.6%, the lowest level after March, 2021. The core CPI is also expected to increase by 0.2% in July. The 12-month change rate of the core CPI is expected to remain at 3.2%.
▶ Non-core inflation is anticipated to see a faster...
Economists expect the overall CPI to rise by 0.2% in August, which will bring the annual rate to 2.6%, the lowest level after March, 2021. The core CPI is also expected to increase by 0.2% in July. The 12-month change rate of the core CPI is expected to remain at 3.2%.
▶ Non-core inflation is anticipated to see a faster...
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