The core PCE price index rose 0.1% month-on-month in May, the lowest since December 2023. However, the data has mixed signals, with super core PCE prices remaining high, rising for the 49th consecutive month, and income and expenditure accelerating year-on-year growth. Following the data release, the dollar index briefly fell about 14 points, U.S. stock futures had little short-term fluctuation, and the 10-year U.S. Tre...
On Friday, the U.S. May core PCE inflation increased by 2.6%, the lowest in more than three years. The short-term inflation outlook for U.S. consumers fell, temporarily lowering the dollar and U.S. Treasury yields, and boosting market bets on rate cuts. U.S. stocks fell on the last trading day of June. After hitting new highs during the session,$S&P 500 Index(.SPX.US)$and$Nasdaq Composite Index(.IXIC.US)$both closed lower along with$Dow Jones Industrial Average(.DJI.US)$, possibly ...
Ahead of the key inflation indicator PCE release, U.S. stock indices managed to continue their rise, with$S&P 500 Index(.SPX.US)$and$Nasdaq Composite Index(.IXIC.US)$nearing record highs. However, disappointing guidance from$Micron Technology(MU.US)$dragged chip stocks lower, with Micron down over 7% and$NVIDIA(NVDA.US)$nearly 2%.$Nike(NKE.US)$’s quarterly revenue missed expectations, leading to a more than 10% drop in after-hours trading. Following weak U.S. econom...
Last Friday, on the "Triple Witching Day," over $5 trillion in derivatives expired, pressuring the markets. Both$S&P 500 Index(.SPX.US)$and$Nasdaq Composite Index(.IXIC.US)$failed to rebound, dragged down by$NVIDIA(NVDA.US)$for two days. The S&P still managed a three-week winning streak, while the Nasdaq narrowly avoided a weekly loss.$Dow Jones Industrial Average(.DJI.US)$rose for four straight days, up nearly 1.5% for the week, marking its biggest weekly gain in a month. Nvid...
However, the data has mixed signals, with super core PCE prices remaining high, rising for the 49th consecutive month, and income and expenditure accelerating year-on-year growth.
Following the data release, the dollar index briefly fell about 14 points, U.S. stock futures had little short-term fluctuation, and the 10-year U.S. Tre...
U.S. stocks fell on the last trading day of June. After hitting new highs during the session, $S&P 500 Index(.SPX.US)$ and $Nasdaq Composite Index(.IXIC.US)$ both closed lower along with $Dow Jones Industrial Average(.DJI.US)$ , possibly ...
Following weak U.S. econom...
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