Markets Rally on CPI Data, Fueling Rate Cut Optimism
TL;DR Summary
Dow Jones futures remained stable while S&P 500 and Nasdaq futures saw slight increases ahead of the CPI inflation report. The stock market experienced minor losses, with tech and growth stocks like Nvidia and Palantir showing weakness, though some rebounded early Wednesday. Alphabet's stock surged due to its quantum computing advancements, while Tesla's stock rose on positive EV registration news. Investors are advised to remain cautious, as growth stocks face short-term struggles, and to be prepared for quick exits if necessary.
- Futures: Growth Tries To Bounce With Inflation Data Due Investor's Business Daily
- Stock market today: Dow, S&P 500, Nasdaq jump higher as CPI inflation meets the mark Yahoo Finance
- Here’s the Wall Street chatter after the CPI data CNBC
- Wall St advances as inflation data cements December rate-cut hopes Reuters
- US futures climb after in-line CPI points to rate cut next week Investing.com
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