Dow Hits All Time High Friday, PPI Was Warm and Consumer Confidence Low

As a general recap, the market was advancing, and the S&P 500 and Nasdaq climbed higher after a one-day pullback. Shortly after 10:20 am EST, the  $S&P 500 Index(.SPX.US)$ climbed 0.51%, the &

Moomoo News20minutes ago

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.

BenzingaJul 12 02:19 ET

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.

wallstreetcnJul 11 19:17 ET

"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.

wallstreetcnJul 11 19:13 ET

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.

WSJJul 11 16:22 ET

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)

Moomoo NewsJul 11 16:01 ET