"Dow Rises Amid Cooling Inflation Data; Dell Drops 19%"
TL;DR Summary
The Dow Jones Industrial Average saw modest gains after the release of the Federal Reserve's preferred inflation measure, the Personal Consumption Expenditures price index, which met expectations. Dell Technologies' stock plunged 19% following a disappointing forecast, while other notable stock movements included Gap's 20% rise and MongoDB's 23% drop. The 10-year Treasury yield slipped to 4.51%, and oil prices climbed.
- Stock Market Today: Dow Jones Rises On Inflation Data; Dell Plunges 19% On Earnings Investor's Business Daily
- The Fed’s preferred inflation measure rose 0.2% in April, as expected CNBC
- Inflation cooldown incoming for U.S. economy Axios
- Stocks Are Mixed After PCE Inflation Data. What Could Come Next. Barron's
- Stock Market Today: Indexes Rebound on Cooling New PCE Data Markets Insider
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