Markets
US stock indices gain ground
2022-06-14 14:11:46 GMT
(Economies.com)
US stock indices rose markedly today following the release of some data.
US producer prices spiked 0.8% in May m/m, matching estimates and above April's 0.5% increase.
Core prices, excluding food and fuel, rose 0.5%, missing estimates of 0.6%.
The data is increasing inflationary pressures with eyes now fixed on the Federal Reserve's policy meeting, starting today.
Analysts have priced in a 0.5% rate hike tomorrow, and some estimates even predict a 0.75% hike.
Dow Jones rose 0.5% as of 14:01 GMT to 30,672, while S&P 500 rose 0.7% to 3,775, as NASDAQ added 0.7% to 10,891.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0427
|
-0.0154
|
1.4550%
|
|
|
|
|
1.2096
|
-0.0176
|
1.4311%
|
|
|
|
|
19.698
|
-1.669
|
7.811%
|
|
|
|
|
108.022
|
0.605
|
0.563%
|
|
|
|
|
111.50
|
2.47
|
2.27%
|
|
|
|
|
1799.775
|
-29.770
|
1.627%
|
|
US
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