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11.12.24 - 17:00
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U.S. Stocks Rebounding Amid Positive Reaction To Inflation Data (RTTNews)
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Following the pullback seen over the two previous sessions, stocks have moved back to the upside during trading on Wednesday. The tech-heavy Nasdaq has led the rebound, surging to a new record intraday high. Currently, the Nasdaq and the S&P 500 are hovering near their best levels of the day....
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11.12.24 - 16:45
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Wall Street Reacts To CPI Report, Even As Markets Price In Certainty Of Dec Rate Cut (ZeroHedge)
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Wall Street Reacts To CPI Report, Even As Markets Price In Certainty Of Dec Rate Cut
Today's CPI report - the final important economic report of 2024 - came on the screws with every Inflationary metric coming in as expected (if somewhat hotter when looked at a bit closer). Still, the market was relieved that the print did not beat estimates (as some whispers hinted), and for many this was enough to assure that the Fed cuts rates by 25bps next week before potentially pausing in January. Many... but not all.
As the following kneejerk reaction snapshots from a selection of Wall Street analysts, strategists and economists suggests, even today's print wasn't enough to assure everyone that a 25bps cut is a done deal, even if market implied odds are now up to 97.9%
Below we excerpt several key post-CPI soundbites:
Neil Birrell, Premier Miton Investors
"This report will give the Fed confidence. Investors will also take heart, as the lack of a surprise, good or bad, allows for more certainty in dec...
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11.12.24 - 16:26
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MicroStrategy′s bitcoin-powered surge takes it closer to Nasdaq 100 doorstep (Reuters EN)
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MicroStrategy's bitcoin-powered surge takes it closer to Nasdaq 100 doorstep By Medha Singh Dec 11 (Reuters) - A meteoric rise in MicroStrategy's MSTR.O shares has made the bitcoin hoarder a likely candidate for the tech-heavy Nasdaq 100 index ahead of an annual reshuffle this week. The loss-making software company, an aggressive investor in the highly volatile cryptocurrency , has seen its shares soar nearly 500% this year, taking its market capitalization to $90 billion....
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11.12.24 - 16:19
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3 S&P 500 Growth Stocks Everyone Should Own (24/7 Wall St.)
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The S&P 500 has clearly been on quite the winning streak this year, and is set to have one of its best years since the great financial crisis, if this trend continues through the end of December. Indeed, over the past decade and a half, investors who have concentrated a disproportionate amount of their portfolios […]
The post 3 S&P 500 Growth Stocks Everyone Should Own appeared first on 24/7 Wall St.....
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11.12.24 - 15:39
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U.S. STOCKS Exxon Mobil, Mondelez International, Macy′s (Reuters EN)
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BUZZ-U.S. STOCKS ON THE MOVE-Exxon Mobil, Mondelez International, Macy's Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes were set for a higher open on Wednesday after an in-line inflation reading kept intact bets on the Federal Reserve cutting interest rates later this month....
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11.12.24 - 15:21
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US stock futures give thumbs up to in-line CPI data (Reuters EN)
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LIVE MARKETS-US stock futures give thumbs up to in-line CPI data US headline CPI rises 0.3%, year-on-year, up 2.7% Wall St futures advance STOXX 600 up ~0.3 China mulls weaker yuan Dollar ~flat, gold up ~0.3%, crude up >1%, bitcoin up ~2% US 10-year yield slips to 4.21% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters....
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