5 things to know before the stock market opens Wednesday – NBC Southern California
- Target reported earnings that beat Wall Street’s estimates.
- Presidents Biden and Xi prepare to meet in San Francisco.
- Mortgage demand picked up as interest rates declined.
4:46
The CPI report helped neutralize the Fed risk for now, says NewEdge Wealth’s Cameron Dawson
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Here are the most important news items that investors need to start their trading day:
1. Cool inflation, hot market
Boom. Softer-than-expected inflation data juiced stock markets Tuesday, giving the S&P 500 its best day since April. The Nasdaq jumped more than 2%, while the Dow, boosted in part by a strong post-earnings performance by Home Depot, surged nearly 500 points. Markets are on fire this month, as signs of moderation in the economy have put the chill on Treasury yields and spurred hope that the Federal Reserve is done with rate hikes. The producer price index, another inflation reading, is due Wednesday morning. Looking ahead, we might dodge a…
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