All articles tagged with #inflation survey
Stock markets showed mixed results with the Nasdaq reaching a new high, while the Dow and S&P 500 remained relatively flat amid inflation concerns. Tesla surged over 6%, and Adobe beat earnings expectations despite giving back some gains. The inflation survey indicated rising inflation expectations, impacting investor sentiment.
Dow Jones futures rose ahead of the University of Michigan's preliminary consumer sentiment survey, which includes an inflation survey for future expectations. Tech futures also rose, with Adobe beating Wall Street's estimates for its fiscal second quarter. Virgin Galactic's stock soared 40% in premarket trade after announcing its first commercial spaceflight is planned to launch at the end of June. Meanwhile, the Dow Jones Industrial Average rose 1.3%, hitting a new 2023 high, and the S&P 500 and Nasdaq composite also climbed to new 2023 highs.