US stock indices gain ground

2022-06-14 14:11:46 GMT (Economies.com)
US stock indices gain ground

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%
 
 
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