Thursday, September 18, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

US stock futures edge lower with CPI data set to offer more rate cues By Investing.com

by Investing.com
July 11, 2024
in Stock Market
Reading Time: 2 mins read
A A
0
Home Stock Market
Share on FacebookShare on Twitter

Investing.com– US inventory index futures fell barely in night offers on Wednesday, cooling after a latest rally on Wall Avenue as focus turned in direction of upcoming inflation information to set the stage for rate of interest cuts by the Federal Reserve.

Wall Avenue rallied on Wednesday following optimistic feedback from Fed Chair Jerome Powell, who famous latest cooling within the U.S. economic system and stated the central financial institution will contemplate impartial charges later in 2024. 

fell 0.1% to five,684.25 factors, whereas fell 0.1% to twenty,887.0 factors by 19:06 ET (23:06 GMT). fell 0.1% to 40,019.0 factors. 

CPI information awaited for extra cues on rates of interest

Powell reiterated that the Fed remained dedicated to its 2% inflation goal, which put upcoming client worth index information squarely in focus.

Knowledge on Thursday is predicted to point out inflation eased barely in June, whereas remained sticky. 

Whereas Powell did notice some cooling within the U.S. economic system, he additionally warned that the Fed wanted to see extra proof that inflation was easing. 

Nonetheless, the Fed Chair additionally stated that the central financial institution didn’t must see inflation falling beneath 2% to start reducing rates of interest. Powell additionally stated he continues to see a smooth touchdown for the economic system, sparking some optimism on Wall Avenue. 

Wall St rallies on price minimize hopes, tech good points 

U.S. inventory indexes had been inspired by Powell’s feedback, with the S&P 500 and the Nasdaq Composite surging to file highs on Wednesday.

Beneficial properties in heavyweight know-how shares had been the largest drivers of the rally on continued hype over synthetic intelligence, though non-tech shares additionally superior.

Vitality shares had been boosted by good points in oil costs, as information confirmed a sustained attract U.S. inventories. 

The rose 1% to five,633.91 factors, whereas the surged 1.2% to 18,645.97 factors, with each indexes ending at file highs. The rose 1.1% to 39,721.36 factors, remaining close by of a file peak reached earlier this yr.

Costco, WD-40 advance in afterhours commerce

Amongst main aftermarket movers, grocery store chain Costco Wholesale Corp (NASDAQ:) rose 3% after it introduced plans to extend annual membership charges.

Chemical substances agency WD-40 Firm (NASDAQ:) surged 9% after clocking robust quarterly earnings, whereas aluminum big Alcoa Corp (NYSE:) rose 2.5% after additionally clocking robust earnings. Alcoa’s outcomes normally mark the start of the quarterly earnings season, with a number of main banks set to report on Friday.





Source link

Tags: CPIcuesDataedgeFuturesInvestingcomOfferratesetStock
Previous Post

Here’s A Look Inside Germany’s Billion-Dollar Bitcoin Holdings And Why It Has Been Selling

Next Post

Dietary Support for the Alcoholic

Related Posts

USD/CAD Outlook: Head Shoulder Pattern In Play As Fundamentals Provide Interesting Dilemma

USD/CAD Outlook: Head Shoulder Pattern In Play As Fundamentals Provide Interesting Dilemma

by Dean Popplewell
September 18, 2025
0

This text was written byComply withDean Popplewell has practically twenty years of expertise buying and selling currencies and glued revenue...

NanoXplore Inc. (GRA:CA) Q4 2025 Earnings Call Transcript

NanoXplore Inc. (GRA:CA) Q4 2025 Earnings Call Transcript

by SA Transcripts
September 17, 2025
0

Operator Good day, and thanks for standing by. Welcome to the This autumn and year-end 2025 Monetary Outcomes NanoXplore Earnings...

September 2025 Commentary And Economic Outlook

September 2025 Commentary And Economic Outlook

by Infrastructure Capital Advisors
September 17, 2025
0

This text was written byObserveInfrastructure Capital Advisors ("Infrastructure Capital") is a number one supplier of funding administration options designed to...

Alger International Opportunities Fund Q2 2025 Commentary

Alger International Opportunities Fund Q2 2025 Commentary

by Fred Alger Management
September 16, 2025
0

This text was written byObserveFred Alger Administration, LLC (“Alger”) is a privately held $27.4 billion development fairness funding supervisor. Alger...

What TikTok Star Earnings Teach Us About Investing

What TikTok Star Earnings Teach Us About Investing

by Giovanna Borges
September 16, 2025
0

Charli D’Amelio posted her first TikTok at 15. Quick-forward a couple of years and she or he’s incomes tens of...

Bank of America Corporation (BAC) Presents at Bank of America 30th Annual Financials CEO Conference 2025 Transcript

Bank of America Corporation (BAC) Presents at Bank of America 30th Annual Financials CEO Conference 2025 Transcript

by SA Transcripts
September 16, 2025
0

Antonio RealeBofA Securities, Analysis Division We're enjoying on dwelling floor actually. So a heat welcome to our personal group CFO,...

Next Post
Dietary Support for the Alcoholic

Dietary Support for the Alcoholic

Stock to buy today: NHPC (₹108.75): BUY

Stock to buy today: NHPC (₹108.75): BUY

Will RBI do a Fed in October after Jerome Powell’s first rate cut of 2025?

Will RBI do a Fed in October after Jerome Powell’s first rate cut of 2025?

September 18, 2025
USD/CAD Outlook: Head Shoulder Pattern In Play As Fundamentals Provide Interesting Dilemma

USD/CAD Outlook: Head Shoulder Pattern In Play As Fundamentals Provide Interesting Dilemma

September 18, 2025
Meta Connect 2025: the 6 biggest announcements

Meta Connect 2025: the 6 biggest announcements

September 18, 2025
Small Leaks, Big Impact: How Tiny Daily Spending Habits Can Quietly Drain (or Transform!) Your Budget

Small Leaks, Big Impact: How Tiny Daily Spending Habits Can Quietly Drain (or Transform!) Your Budget

September 18, 2025
3 police officers fatally shot in Pennsylvania — RT World News

3 police officers fatally shot in Pennsylvania — RT World News

September 18, 2025
Indian celebrities with UAE Golden Visa: Full list and why they’re choosing the Emirates | World News

Indian celebrities with UAE Golden Visa: Full list and why they’re choosing the Emirates | World News

September 17, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Will RBI do a Fed in October after Jerome Powell’s first rate cut of 2025?

USD/CAD Outlook: Head Shoulder Pattern In Play As Fundamentals Provide Interesting Dilemma

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In