• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

12 September 2024 20:44  |

Stocks are Little Changed as S&P 500 Goes for Fourth Straight Gain

Stocks were flat Thursday as investors digested fresh inflation data following a volatile trading session.

The S&P 500 hovered just below the flatline, along with the Dow Jones Industrial Average. The Nasdaq Composite was also marginally lower.

The latest producer price index, which measures the average change in prices businesses receive for their goods and services, reflected a 0.2% rise in wholesale prices in August. That's in line with expectations.

The report follows consumer inflation data released Wednesday ââ-š¬Ã¢â‚¬ which an uptick in core prices. These strip out volatile food and energy categories. The reading spooked investors hoping for a half-percentage point cut from the Federal Reserve at its Sept. 17-18 meeting.

Source : CNBC

 

Related News

MARKET UPDATE

Asia Shares Steady, Dollar Firm Before Jobs Test

Asian share markets got off to a quiet start on Monday as investors braced for a data-packed week culminating in a U.S. jobs ...

2 September 2024 07:47
MARKET UPDATE

Asian Stocks Echo US Gains as Traders Await US CPI

Asian stocks echoed a rebound on Wall Street as traders awaited US inflation data due this week for clues on the size of the ...

10 September 2024 09:12
MARKET UPDATE

Asian Stocks Fall Ahead of US Presidential Debate

Asian stocks opened lower on Wednesday as investors weighed election risks ahead of the first US presidential debate between ...

11 September 2024 08:27
MARKET UPDATE

Asian Stocks Tumble as Worry on US Economy Sinks Tech Shares

Asian equities slumped at the start of the new week, weighed down by losses in technology stocks on concerns over US economic...

9 September 2024 10:12
BIAS23.com NM23 Ai