2024-05-24 14:04:42
The Dow opened larger. On the identical time, buyers introduced speculative shopping for into the market. After yesterday’s heavy setback
Wall Road might be closed on Monday, Could 27, for Memorial Day.
As of 8:54 pm Thailand time, the Dow Jones Industrial Index was at 39,083.49 factors, up 18.23 factors, or 0.05%.
The Dow Jones index plunged greater than 600 factors yesterday, its greatest drop in additional than a yr or since March 2023. Issues that the Federal Reserve (Fed) will hold rates of interest excessive for longer than anticipated. After the Federal Reserve launched the minutes of its financial coverage assembly from April 30 to Could 1, america launched manufacturing and repair trade information. together with a robust labor market
CME Group’s FedWatch software reveals buyers anticipate the Fed to chop rates of interest solely as soon as this yr. It will occur in November. In comparison with preliminary expectations in September.
The American Affiliation of Retail Buyers (AAII) confidence survey discovered that investor confidence within the course of the inventory market over the subsequent six months rose to 47% from 40.9% final week, the very best degree in six weeks.
The market is listening to the private consumption expenditures (PCE) worth index launched on Could 31 for indicators exhibiting the timing of the Fed’s rate of interest reduce.
The PCE index is taken into account an inflation indicator that the Federal Reserve pays consideration to. It will probably detect modifications in shopper conduct. Covers a wider vary of costs for items and providers than the Shopper Worth Index (CPI).
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