• Sun. May 26th, 2024

Rising Stocks and Global Markets: Analyzing the Impact of Anticipated Inflation Data

BySamantha Nguyen

Mar 27, 2024
Today’s Global Markets: American Stock Market Soars in Anticipation of Inflation Data

On Wednesday, US stocks saw a surge in anticipation of the upcoming release of inflation data. Investors are particularly interested in the US core personal consumption expenditure (PCE) price index data for February, as it could provide insights into when the Federal Reserve might begin cutting interest rates.

As of 9:40 a.m. Eastern time, the Dow Jones Industrial Average was up by 307 points, or 0.8%, the S&P 500 had risen by 0.6%, and the Nasdaq composite was up by 0.3%. Shares of Trump Media & Technology Group saw an 18.6% jump, while Merck climbed 4.9% following the federal approval of its Winrevair treatment for adults with pulmonary arterial hypertension. Robinhood Markets surged 3.5% after revealing its first credit card, while shares of Tesla soared by more than 12% after reporting strong earnings for the fourth quarter of 2021.

Additionally, British stocks saw gains across most indexes, with Britain’s FTSE 100 rising by more than 2%. In European markets, France’s CAC 40 rose by more than 1%, while Germany’s DAX edged up slightly to end at new highs for the year. In Asian markets, Hong Kong’s Hang Seng Index declined by more than 2%, China’s Shanghai Composite fell by nearly

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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