IWM240712P206000
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iShares Russell 2000 ETF Newsroom
Here's the Breakdown for US June CPI, in One Chart
CPI in the United States decreased to 3.0% in July from 3.30 percent in May of 2024. Core consumer prices in the US increased by 3.30 percent in June of 2024 over the same month in the previous year, down from 3.40 in April.
The Nasdaq fell nearly 2%, with the largest selling volume of the 'Seven Sisters' in a year and a half, while small caps and Chinese concept stocks surged, and US bonds rose sharply.
Comprehensive cooling of US inflation, September rate cut betting pushing US stocks rotation, S&P and Nasdaq ended seven-day consecutive gains and moved away from their highs, Tesla plummeted 8.4%, the worst in nearly half a year and stopped 11-day consecutive gains, Nvidia fell 5.6%, and the chip index fell 3.5%. The Russell 2000 small-cap stocks rose 3.6%, the best since November last year and the highest in two and a half years, and the worst-performing real estate sector this year had the largest increase in the year. US bond yields fell sharply across the board, with the US dollar falling the deepest in two months. The yen rose by 2.6% at one point, the biggest gain since the end of 2022, and anonymous officials confirmed that the government intervened to rescue the currency.
S&P 500 To Plunge More Than 20% Near Term? Top Economist Breaks Down Broader Market Vs. Small-Cap Divergence After June CPI Report
The stock market had a "buy-the-rumor, sell-the-news" move on Thursday after a tamer inflation data sent the major averages sharply lower, with the sell-off spearheaded by mega-caps and big techs.
Fed's Musalem Calls Recent Inflation Data 'Encouraging'
Federal Reserve Bank of St. Louis President Alberto Musalem says monetary policy is restrictive but not overly restrictive. He speaks during a moderated conversation at an event hosted by the Little Rock Regional Chamber in Arkansas.
The key indicators of inflation in the United States have slowed down, with the market already pricing in more than two interest rate cuts this year!
The biggest 'surprise' in the June CPI report was that stubborn housing inflation cooled rapidly, falling from 0.40% on a month-on-month basis to 0.17%, boosting market expectations of interest rate cuts. It is certain that interest rate cuts will be implemented in September, and possibly even in July.
Fed's Goolsbee: CPI Data Indicate Inflation on 2% Path
Federal Reserve Bank of Chicago President Austan Goolsbee on Friday marked the latest inflation report as “excellent.” Goolsbee further stated that the reports prove that the central bank is on track to meet its 2% target.
7/12 [Strength and weakness of materials]
[Bullish and Bearish Materials] Bullish materials - Nikkei Average is rising (42,224.02, +392.03) - Dow Jones Industrial Average is rising (39,753.75, +32.39) - US crude oil futures are rising (82.62, +0.52) - US long-term interest rates are declining - Expectations for inflation stabilization in the US - Request by Tokyo Stock Exchange to improve corporate value. Bearish materials - Nasdaq Composite Index is declining (18,283.41, -364.04) - 1 dollar = 159.20-30 yen - Chicago Nikkei futures are declining (41560, Osaka comparison -810) -
How do high officials of the Federal Reserve view the significant cooling of inflation in the USA?
Two senior officials from the Federal Reserve spoke on Thursday, stating that inflation is making progress. The president of the St. Louis Reserve stated that the current policy interest rate is appropriate at this stage. The president of the San Francisco Reserve stated that given recent employment and inflation data, the Federal Reserve may need to make interest rate adjustments, but did not provide a specific schedule for rate cuts.
"Xinmei Federal Reserve News Agency" evaluates CPI in June: Mild inflation opens the door for a rate cut in September.
According to Timiraos' article, after the release of CPI, investors have increased the possibility of rate cuts in September, November, and December this year. A major question at this month's Fed meeting is how much basis Fed officials have laid for a rate cut in September. This year's FOMC voter, President of the San Francisco Fed, Daly, expects that it may be reasonable to cut interest rates soon after the announcement of the CPI, but also said that more information needs to be collected.
US Treasury Yields Plummet as Inflation Surprises, Fed Dovish Bets Grow
US Treasury bond yields tanked on Thursday after the US Bureau of Labor Statistics (BLS) revealed a surprise fall in inflation before Wall Street opened.
Could June Producer Inflation Data Dampen Market Enthusiasm For Rate-Cut Winners? 5 ETFs To Watch
The larger-than-expected drop in the June Consumer Price Index inflation rate has fueled market expectations for interest rate cuts by the Federal Reserve.Investors no longer seem to have doubts and
PepsiCo's Cheetos are the Latest Economic Red Flag
Signs keep accumulating that U.S. consumers are in trouble. Investors are paying heed. The latest warnings came from two packaged-food giants on Thursday, PepsiCo and Conagra Brands.
Tech-stock Selloff May Drive Magnificent Seven's Worst Day Ever by This Metric
Thursday's selloff in large technology companies could result in the biggest one-day market-capitalization erasure for the "Magnificent Seven" on record.
The 30-Year Auction Was Expected to Be Strong. Why Buyers Stayed Away
Investors were supposed to come in droves to lend to the government for the long haul on Thursday, so it was a shock when turnout came in low.
Investors Rotate Out Tech Megacaps, Driving Nasdaq Down From Record | Wall Street Today
The Nasdaq fell from its record high as investors rotated out big tech stocks. Meanwhile, the lowest CPI reading in over three years drove investors into small-cap stocks.
S&P 500, Nasdaq Pull Back Thursday While Dow Climbs | Market Story
As a general recap, the market was advancing overall while the S&P 500 and Nasdaq pull back a bit from seven consecutive record sessions. Shortly after 10:15 am EST, the $S&P 500 Index(.SPX.US)
Bespoke Highlights a Rare Outperformance in Small-caps Vs S&P 500
Small-Caps Surge as Magnificent Seven Gets Taken to Woodshed After Cool CPI Reading
By William Watts Hedge funds seen feeling the pain as they unwind short bets against small- and midcap stocks It wasn't a magnificent day to be a hedge fund long megacap tech stocks and short the
Fed's Musalem Wants More Proof Inflation Is Slowing Before Backing Interest-rate Cuts
By Jeffry Bartash 'We have had two months of good inflation data,' St. Louis Fed president says The first decline in consumer prices in four years is encouraging, but St. Louis Federal Reserve Bank
Move Over, Magnificent Seven Stocks. The Other 493 Are Set to Take Off
The S&P 500 has chugged along to record highs even though just a tiny fraction of the companies in the index have been reporting steady earnings growth. That dependence on a few