U.S. Stocks Open Higher Across the Board; Nasdaq Up 0.4%, Nvidia Up Over 1%, Alphabet Up Over 2%, CoreWeave Up Over 3%
Tiger Newspress
Yesterday
Stocks gained on Wednesday, the final day of September, after new U.S. economic data showed inflation slowed last month, sending Treasury yields lower.
The personal consumption expenditures price index for August increased at a 3.4% annual rate, down from 3.7% the month prior. Economists surveyed by Dow Jones had been looking for inflation to remain steady at 3.7%. Even more encouraging was core PCE, excluding food and energy, which rose 3% year on year, down from 3.3% the month before and also lower than economists had forecast.
The Dow Jones Industrial Average climbed 0.19%. The S&P 500 advanced 0.31%, and the Nasdaq Composite advanced 0.4%.
Nvidia Up Over 1%, Alphabet Up Over 2%, CoreWeave Up Over 3%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.