Traders eschewed fresh bold bets ahead of the crucial U.S. consumer price index report, due at 8:30 a.m. Eastern.
How are stock-index futures trading On Wednesday, the Dow Jones Industrial Average DJIA rose 269 points, or 0.8%, to 33973, the S&P 500 SPX increased 50 points, or 1.28%, to 3970, and the Nasdaq Composite COMP gained 189 points, or 1.76%, to 10932.How are stock-index futures trading On Wednesday, the Dow Jones Industrial Average DJIA rose 269 points, or 0.8%, to 33973, the S&P 500 SPX increased 50 points, or 1.28%, to 3970, and the Nasdaq Composite COMP gained 189 points, or 1.
“Building optimism about the inflation outlook…[has driven] a significant rally in sovereign bonds, providing a less volatile rates environment and allowing risk to thrive,” said Stephen Innes, managing partner at SPI Asset Management. The report “could be a make-or-break moment for the market sentiment,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.
Other U.S. economic data on the cards Thursday include the weekly initial jobless claims. There will also be a batch of Fed officials making comments, with Philadelphia Fed President Patrick Harker at 8:45 a.m., St. Louis Fed President James Bullard at 11:30 a.m., and Richmond Fed President Tom Barkin at 12:40 p.m. all speaking.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Dow ends higher amid bets inflation cooled further in December By Investing.com*NASDAQ RISES FOR 4TH STRAIGHT SESSION AS STOCKS JUMP AMID BETS INFLATION COOLED FURTHER IN DECEMBER
Read more »
Gold holds near 8-month high as traders await Fed's PowellGold prices were little-changed early Tuesday after the yellow metal settled at its highest level in eight months as investors waited to hear from Federal...
Read more »
Oil pushes higher as traders monitor China reopening, interest ratesOil futures find support as investors continue to monitor China's reopening and look for more clues to the size and speed of Fed rate hikes
Read more »
More Than 42K Traders Liquidated in 24 Hours, Here's How Much They LostMore than 42K traders were liquidated in what proves the cryptomarket is unpredictable
Read more »
Dollar stands firm while traders await CPIThe dollar held its ground on Wednesday, in spite of downward pressure from lower bond yields and higher stocks, as traders waited on this week's U.S. consumer price data to see whether it will confirm that inflation is in retreat.
Read more »
Gold and Silver Price Forecast: Retail Traders Increase Short Bets as CPI NearsGold and silver prices remain focused higher ahead of CPI data later this week as retail traders continue building downside exposure. What are key levels to watch? Get your market update from ddubrovskyFX here:
Read more »