Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD
WhatsApp Telegram LinkedIn Facebook X TikTok Instagram

US stocks rise after strong data

Economies.com
2022-01-12 15:16PM UTC

US stock indices rose in early trading on Wednesday, after the release of upbeat economic data amid expectations of a rate hike.

 

The US consumer price index rose by 0.5% in December, more than forecasts of 0.4%, and the core reading (excluding energy and food prices) rose 0.8%. 

 

Based on the data, the US consumer price inflation rose to 7%, which is the highest level in the US since 1982.

 

Federal Reserve Chairman Jerome Powell said yesterday that the central bank is ready to accelerate rate hikes to ease the rising inflation.

 

As for stocks, Dow Jones rose 0.5% or 176 points to 36,430 as of 15:14 GMT, and S&P 500 rose 0.7% or 35 points to 4,747, while Nasdaq rose 1.1% or 161 points to 15,315.

American Markets News

Americas News

Markets

Wall Street declines despite positive remarks on trade
2025-07-07 15:38PM UTC
U.S. stock indices declined during Monday trading as markets assessed the latest developments in ...
Americas News

Markets

Wall Street ends higher with both NASDAQ and S&P 500 marking fresh record highs
2025-07-03 18:31PM UTC
U.S. stock indices rose on Thursday in a shortened trading session ahead of a holiday break, with ...
Americas News

Markets

Wall Street powers up after strong employment data
2025-07-03 15:10PM UTC
US equity indices rose on Thursday after the release of employment figures that significantly ...