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Bank stocks were surging Wednesday afternoon.
To get the latest market news, check out finance.yahoo.com US stocks rallied on Wednesday as high hopes for bank earnings paid off and a crucial consumer inflation update showed key prices increased less than expected in December. The benchmark S&P 500 (^GSPC) popped more than 1.7%, while the Dow Jones Industrial Average (^DJI) rose more than 1.6%.
Easing inflation boosts US stock markets. Tesla jumps 5%, Goldman Sachs rises 4.9%.
The US indices that I follow here are FX Empire continue to see inflows, as the CPI numbers came out lower than expected on Wednesday, prompting a bit of a celebration on Wall Street. At this point, it looks like we are trying to reassert the uptrend.
'The Claman Countdown' panelists Mark Matson and Jeff Sica discuss what investors should trade on.
To get the latest market news check out finance.yahoo.com US stocks traded mixed after initially rising early Tuesday as investors took in the first of two key inflation reports this week, which showed prices rose less than expected in December. Also in focus was a report that the incoming Trump administration could hike tariffs more gradually to ease inflationary pressures.
The S&P 500 is expensive by most broad measures, but a deeper look tells a different story and presents an opportunity for long-term investors.
Producer price data signals softer inflation, lifting Dow. Nasdaq, S&P 500 under pressure as Nvidia and Meta fall.
The US indices that I follow here at FX Empire all look as if they are trying to rally from here, as the market is starting to understand the interest rate situation. Also, it is worth noting that PPI on Tuesday could be important, but the real focus is probably