US Equity Markets Mixed After Soft Inflation Report, Higher Spending Data

MT Newswires Live
3小時前

US equity indexes were mixed Wednesday after personal consumption spending grew alongside a soft inflation print and the likelihood of a back-to-back policy rate increase in October declined.

* The personal consumption expenditures, or PCE, price index grew 0.3% in August, as expected, keeping the year-over-year rate at 3.4%, according to the Bureau of Economic Analysis.

* However, personal consumption expenditures jumped 0.9%, as expected, after a 0.1% move in July. Real PCE, which excludes inflation, advanced 0.6%, following a 0.1% gain in July and compared with expectations for a 0.5% increase.

* The probability that the Federal Reserve will raise its target rate by 25 basis points in October fell to 37% from 51% a day ago and 71% a week earlier, according to the CME FedWatch tool.

* November West Texas Intermediate crude oil rose $1.20 to settle at $90.58 per barrel, while November Brent crude, the global benchmark, was last seen up $0.91 at $103.50.

* Gen Digital (GEN) CEO Vincent Pilette said Monday in a post on LinkedIn that the company's quarter ending Oct. 2 and full-year outlook are both "tracking to the higher end" of the guidance. Shares rose about 5.6%, the top gainer on the S&P 500.

* Jabil (JBL) stock fell 10%, the worst performer on the S&P 500, after the company released its fiscal Q4 results.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10