Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li>US stock futures were steady after a benign March US consumer <keyword id="22195" type="COMPANY" weightage="60" keywordseo="Inflation">inflation</keyword> print.</li><li>The pausing of the Johnson &amp; Johnson vaccine only had a minor impact on <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword>. </li><li>The slow vaccine rollout in Japan is raising concern about economic recovery, weighing on the Nikkei.</li></ul>Futures contracts on US stock indices were steady on Wednesday, after highly anticipated US consumer price inflation data the previous day proved more neutral than expected. Month-on-month, consumer inflation rose 0.6% in March, which was the largest increase since August 2012, but as the data was almost in line with the expected 0.5% increase, markets perceived this as a positive and something that was unlikely to persuade the Federal Reserve to change course with monetary policy.US 10-year benchmark yields were last up two basis points around 1.639% on Wednesday, after having fallen to as low as 1.62% on Tuesday. Yields have risen steadily this year to reach their highest since last January, in part thanks to an expectation that a rise in inflation, together with economic growth, might encourage the Fed to raise interest rates sooner than currently expected."This would appear to suggest that for all the recent concerns about rising inflationary pressure, the general consensus would appear to be that for now it is being considered transitory," Michael Hewson, chief market analyst at CMC Markets, said. An auction of US 30-year bonds went smoothly overnight, meeting good investor demand, which helped keep yields in check. "With 3-year, 10-year and 30-year auctions all successfully concluding this week, the flame of a steeper yield curve has lessened markedly." Jeffrey Halley, senior market analyst at OANDA, said. After the S&amp;P 500 closed at a record high the previous day, <a href="https://markets.businessinsider.com/futures/s&amp;p-500-futures?utm_source=markets&amp;utm_medium=ingestm=ingest">S&amp;P 500 futures</a> edged 0.1% higher on Wednesday. <a href="https://markets.businessinsider.com/futures/nasdaq-100-futures?utm_source=markets&amp;utm_medium=ingestgest">Nasdaq 100 futures</a> similarly gained 0.1%, whereas <a href="https://markets.businessinsider.com/futures/dow-futures?utm_source=markets&amp;utm_medium=ingestgest">Dow Jones futures</a> were flat on the day. The pause in the rollout of the Johnson &amp; Johnson COVID-19 vaccine in the US had little impact on the broader stock market. White House officials said this would not cause issues for reaching President Biden's vaccination targets. "The J&amp;J vaccine isn't a pivotal one for the overall US supply," Jim Reid, Deutsche Bank strategist said. "The bigger question is perhaps how this affects vaccine attitudes, particularly after the blood clot issues that also took place with the AstraZeneca vaccine, and whether take-up more broadly will be affected." A number of European countries briefly halted deployment of AstraZeneca's vaccine over concerns about its potential link to a rare blood-clot condition.In Japan, the slow rollout of the vaccine dragged on the <a href="https://markets.businessinsider.com/index/nikkei_225">Nikkei 225</a>, which was down 0.4% at the close. Investors appear concerned about the implications of the slow vaccine distribution on economic recovery, as it may delay its <keyword id="34412" type="ORGANIZATION" weightage="60" keywordseo="economy">economy</keyword> in getting back to normality.The <a href="https://markets.businessinsider.com/index/hang_seng">Hang Seng</a> index edged 1.4% higher in Hong Kong, while China's <a href="https://markets.businessinsider.com/index/shanghai_composite">Shanghai Composite</a> gained 0.6%. European <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> broadly edged higher on Wednesday, with the exception of the German <a href="https://markets.businessinsider.com/index/dax">DAX</a> which was flat after a recent series of all-time high closes. London's <a href="https://markets.businessinsider.com/index/ftse_100">FTSE 100</a> was up 0.1%, as was the pan-European <a href="https://markets.businessinsider.com/index/stoxx_europe_600">Euro Stoxx 600</a>, despite mixed progress with Covid-19 vaccination campaigns and the emergence of a third wave of infections across the region.Both <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">WTI</a> and <a href="https://markets.businessinsider.com/commodities/oil-price?type=brent">Brent crude</a> oil futures inched higher, by 1.6% and 1.5% respectively as OPEC increased its demand projections for 2021. Meanwhile, crypto exchange platform Coinbase will trade publicly on Wednesday. Each share will be valued at $250 on the Nasdaq, which gave the cryptocurrency complex a boost.After hitting a new record high on Tuesday, bitcoin extended gains on Wednesday to reach a new high above $64,000. Investors will also be keeping an eye on the first of the quarterly results in the coming days, with JPMorgan, Wells Fargo and Goldman Sachs opening earnings season.

US futures remain steady, hemmed in by US inflation data and vaccine worries

The <keyword id="6355302" type="General" weightage="20" keywordseo="rupee" source="Orion">rupee</keyword> depreciated 20 paise to 82.71 against the <keyword id="6368584" type="General" weightage="20" keywordseo="us-dollar" source="Orion">US dollar</keyword> in early trade on Tuesday due to unabated foreign fund outflows from domestic capital markets. However, a positive trend in equity markets and a weak dollar overseas capped the rupee's fall, forex traders said. Investors remained in risk-off mode ahead of the <keyword id="974731" type="General" weightage="20" keywordseo="US-inflation-data" source="Orion">US inflation data</keyword> release and Federal Reserve decision on interest rates slated to be announced later this week, they added. At the interbank foreign exchange, the domestic unit opened weak at 82.63 against the dollar, then lost further ground to 82.71, registering a decline of 20 paise over its previous close. In the previous session, the rupee fell 23 paise to end at 82.51 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.16 per cent to 104.96. Brent crude futures, the global oil benchmark, advanced 1.23 per cent to USD 78.95 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 115.85 points or 0.19 per cent higher at 62,246.42. The broader NSE Nifty rose 23.45 points or 0.19 per cent to 18,520.60. Foreign Institutional Investors (FIIs) remained net sellers in the capital markets on Monday as they offloaded shares worth Rs 138.81 crore, according to exchange data. Meanwhile, retail inflation dipped below the RBI's upper tolerance level of 6 per cent for the first time in 11 months in November as softening prices of food items brought relief but the central bank may wait for more data before pausing hikes in interest rates. As per the data released by the National Statistical Office (NSO) on Monday, the consumer price index (CPI) based inflation declined for the second consecutive month to 5.88 per cent in November, from 6.77 per cent in October 2022. It was 4.91 per cent in November last year. India's industrial production contracted by 4 per cent in October, the sharpest fall in 26 months, mainly due to a decline in output of manufacturing and subdued performance of mining and power generation sectors, according to official data released on Monday. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/best-and-worst-performing-ipos-of-2022-in-india/articleshow/96160391.cms">Best and worst performing IPOs of 2022</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/three-ipos-set-to-raise-over-1800-crore-this-week/articleshow/96160133.cms">Three IPOs set to raise over ₹1,800 crore this week</a>

Rupee declines 20 paise to 82.71 against US dollar in early trade

<ul class="summary-list"><li>US stock futures hovered near record highs as investors waited for key inflation data.</li><li>Bitcoin soared to a new all-time high above $62,000 ahead of Coinbase's IPO.</li><li>Analysts expect <keyword id="108767" type="ORGANIZATION" weightage="60" keywordseo="US-inflation">US inflation</keyword> picked up in March, but debates rage over whether the rise will continue.</li></ul>Futures contracts for the major US stock indices were mixed on Tuesday, hovering near record highs as investors awaited key inflation data from the world's biggest economy.<a href="https://markets.businessinsider.com/futures/s&amp;p-500-futuresures">S&amp;P 500 futures</a> were edged 0.05% higher after the index finished 0.02% lower on Monday, taking it narrowly below Friday's all-time high. <a href="https://markets.businessinsider.com/futures/dow-futures">Dow Jones futures</a> rose 0.1% and <a href="https://markets.businessinsider.com/futures/nasdaq-100-futures">Nasdaq 100</a> futures were roughly flat.Asian stocks moved broadly higher overnight after data showed Chinese imports and exports rebounded in March. Japan's <a href="https://markets.businessinsider.com/index/nikkei_225">Nikkei 225</a> rose 0.72%, but China's <a href="https://markets.businessinsider.com/index/csi-300">CSI 300</a> index slipped 0.16% as a spike in yields on the debt of a major asset manager unnerved investors.In Europe, the continent-wide <a href="https://markets.businessinsider.com/index/stoxx_europe_600">Stoxx 600</a> index rose 0.25%. The UK's <a href="https://markets.businessinsider.com/index/ftse_100">FTSE 100</a> slipped 0.04% despite data showing the country's GDP rose 0.4% in February.Meanwhile, <a href="https://markets.businessinsider.com/currencies/btc-usd">bitcoin</a> soared to an <a href="https://markets.businessinsider.com/currencies/news/bitcoin-price-all-time-high-btc-stimulus-institutional-coinbase-cryptocurrencies-2021-4-1030297319">all time high of above $62,000</a> ahead of crypto exchange Coinbase's IPO, with renewed institutional interest powering the latest leg higher.The main event on investors' radar on Tuesday will be US consumer price index inflation data, due at 8.30 a.m. ET.Predictions of higher growth and inflation have already caused a spike in <keyword id="35232" type="PERSON" weightage="60" keywordseo="bond-yields">bond yields</keyword>, which have in turn weighed on the fast-growing parts of the stock market like technology shares, which look relatively less attractive when yields rise.Analysts expect <a href="https://markets.businessinsider.com/economic-calendar">Tuesday's data</a> to show US <keyword id="598729" type="PERSON" weightage="60" keywordseo="CPI-inflation">CPI inflation</keyword> rose to 2.5% in March from 1.7% in February.Inflation "has emerged as a key focal point for <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> given the debates surrounding inflation and its implications for monetary policy moving forward," strategist Jim Reid at Deutsche Bank said."Indeed, part of the reason that markets have brought forward their expectations for Fed rate hikes is based around rising inflation expectations that they think the Fed might have to rein in."Karen Ward, JPMorgan Asset Management's chief European strategist, has said she thinks inflation could average 3% over the next 10 years, thanks in part to <a href="https://markets.businessinsider.com/news/stocks/savings-stimulus-drive-up-inflation-markets-jpmorgan-2021-4-1030291245">huge amounts of pent-up savings</a>.However, Goldman Sachs chief economist Jan Hatzius <a href="https://markets.businessinsider.com/news/stocks/us-economy-recovery-fact-hiring-nonfarm-payrolls-grow-goldman-sachs-2021-4-1030276178">predicted in a note</a> that underlying US inflation would remain "well below the Fed's 2% target, consistent with an economy that remains well below full employment."Bond yields climbed on Tuesday morning, with the yield on the key <a href="https://markets.businessinsider.com/rates/u-s--rates-10-years">10-year US Treasury note</a> rising 1.5 basis points to 1.691%. Yields move inversely to prices.Investors will also be keeping an eye on 30-year US Treasury auctions, after 3- and 10-year sales attracted solid demand.Oil prices edged higher, with <a href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a> up 0.4% to $63.54 a barrel and <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">WTI crude</a> 0.3% higher to $59.87 a barrel.

US futures hover near record highs as investors nervously await key US inflation data

<ul class="summary-list"><li><keyword id="11896068" type="UNKNOWN" weightage="60" keywordseo="mohamed-el-erian" source="Orion">Mohamed El-Erian</keyword> criticized the Fed's narrative of transitory <keyword id="11894140" type="UNKNOWN" weightage="60" keywordseo="inflation" source="Orion">inflation</keyword> in an interview with Bloomberg on Friday.</li><li>"You can't simply dismiss them as transitory," he said. "It is going to go down in history as one of the worst inflation calls."</li><li>Recent data show <keyword id="12092822" type="UNKNOWN" weightage="60" keywordseo="us-inflation" source="Orion">US inflation</keyword> is running at its fastest rate since 1990. </li></ul>Mohamed El-Erian, chief economic adviser at Allianz SE, criticized the Federal Reserve's long-standing narrative of transitory inflation on Friday following data that revealed prices are rising at the fastest rate since 1990. "There are lots of structural changes going on in the post-pandemic economy ... you can't simply dismiss them as transitory," El-Erian told <a href="https://www.bloomberg.com/news/videos/2021-11-12/el-erian-this-is-the-worst-inflation-call-by-the-fed-video">Bloomberg</a> in a TV interview on Friday. "So it is going to go down in history as one of the worst inflation calls by the Federal Reserve."The <a href="https://www.businessinsider.com/inflation-cpi-october-price-growth-index-supply-chain-crisis-recovery-2021-11">Consumer Price Index</a> gained 0.9% in month-over-month in October, the <a href="https://www.bls.gov/news.release/cpi.nr0.htm">Bureau of Labor Statistics</a> said Wednesday, far higher than economists' expectation of 0.6%. The reading marks an acceleration from the 0.4% gain seen in September and the largest one-month jump since 2008. Year-over-year, inflation at 6.2% is the highest in 30 years. But what makes the latest reading different, according to El-Erian, is the breadth of price growth, which rose faster across almost every category tracked by the Labor Department."They got stuck on the narrative and held onto it for too long," El-Erian told Bloomberg. "And the result of which is they're looking at inflation that is much higher than they ever expected ... much broader than they expected ... and that's going to last even longer than they expected."Still, the <a href="https://www.businessinsider.com/what-is-the-federal-reserve">Fed</a> and even the Biden administration have both reiterated the outlook earlier in November that inflation would be short-lived, arguing price growth would cool <a href="https://www.businessinsider.com/federal-reserve-tapering-start-november-asset-purchases-support-jerome-powell-2021-11">once the global supply-chain crisis eases</a>.El-Erian, who is also president of Queens' College, Cambridge University, has <a href="https://markets.businessinsider.com/news/stocks/inflation-outlook-mohamed-elerian-federal-late-taper-tech-stock-outlook-2021-8">repeatedly</a> <a href="https://markets.businessinsider.com/news/stocks/inflation-outlook-mohamed-el-erian-transitory-powell-federal-reserve-stimulus-2021-8">urged</a> the central bank to taper assets purchases and has called them out for being too dovish."I desperately want to be wrong on this call because if inflation ends up to be hotter for longer, it has very unfortunate economic, financial, institutional, social, and political implications," he told Bloomberg. "We all want to be wrong on this call, and we all hope that inflation is going to come down very quickly very soon. But I don't think that's going to happen."El-Erian even said Fed Chair Jerome Powell's firm stance on the issue could <a href="https://markets.businessinsider.com/news/stocks/inflation-outlook-mohamed-el-erian-transitory-powell-federal-reserve-stimulus-2021-8">complicate his future</a> as he nears the end of his first term as Fed chief.

The Fed's inflation call is one of the worst the central bank has ever made and rising prices cannot be dismissed as transitory, Mohamed El-Erian says

<ul class="summary-list"><li>US stocks drifted from records as investors braced for key inflation data out tomorrow. </li><li>Wall Street is worried overheating inflation may force the Federal Reserve to change its ultra-easy monetary policy.</li><li>Bitcoin recovered from its slump as El Salvador said it is adopting the crypto as legal tender.</li></ul>US stocks slipped into the close, stumbling away from record highs as investors await key inflation data out tomorrow. The yield on 10-year US Treasury declined five basis points to 1.49%"Like waiting for the first Star Wars movie sequel, investors are holding their breath for what is expected to be a blockbuster May CPI report," said Sam Stovall, CFRA chief investment strategist. "Yet in the face of such 'inflation certainty,' the 10-year yield has fallen below 1.5%, possibly due to the DC gridlock that likely stamped 'DOA' atop the $1.7 trillion Biden infrastructure proposal and questions the need for further fiscal assistance." Here's where US indexes stood at the 4 p.m. ET close on Wednesday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingestm=ingest">S&amp;P 500</a>: 4,219.55, down 0.18%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingestgest">Dow Jones industrial average</a>: 34,447.14, down 0.44% (152.68 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingestgest">Nasdaq composite</a>: 13,911.75, down 0.09%</li></ul><a href="https://markets.businessinsider.com/currencies/news/bitcoin-price-today-el-salvador-inflation-concern-ecb-crypto-btc-2021-6-1030508356">Bitcoin rose back above $36,000</a>, boosted by El Salvador's historic move in becoming the first country to establish bitcoin as legal tender. This <a href="https://newsletter.businessinsider.com/click/24095002.73364/aHR0cHM6Ly9tYXJrZXRzLmJ1c2luZXNzaW5zaWRlci5jb20vY3VycmVuY2llcy9uZXdzL2VsLXNhbHZhZG9yLWJpdGNvaW4tbGVnYWwtdGVuZGVyLWN1cnJlbmN5LWNyeXB0b2N1cnJlbmN5LTIwMjEtNi0xMDMwNTA2NTY5P25yX2VtYWlsX3JlZmVyZXI9MSZ1dG1fc291cmNlPVNhaWx0aHJ1JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NvbnRlbnQ9T3BlbmluZ19iZWxs/5d0cd4a524c17c4d6716770bBd893c1bb" target="_blank" rel="noopener">gives the cryptocurrency the same status as the US dollar</a> in the country. <a href="https://markets.businessinsider.com/news/stocks/lordstown-motors-stock-price-slides-warning-cash-business-endurance-truck-2021-6-1030507893">Shares of Lordstown Motors slumped, </a>deepening losses from the previous session after the electric-vehicle maker said it doesn't have enough cash to start producing its Endurance truck and warned that it may have to shut down altogether.In more encouraging SPAC news, retail investors will be able to buy into the IPOs of four blank-check companies run by <a href="https://markets.businessinsider.com/news/stocks/retail-investors-buy-into-chamath-palihapitiya-spacs-through-sofi-2021-6-1030508837">Chamath Palihapitiya through SoFi's trading platform</a>, SEC filings revealed. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti?utm_source=markets&amp;utm_medium=ingestgest">West Texas Intermediate crude</a> fell 0.4% to $70 per barrel.<a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestarkets&amp;utm_medium=ingest"> Brent crude</a>, oil's international benchmark, dropped 0.29%, to $72.01 per barrel.<a href="https://markets.businessinsider.com/commodities/gold-price?utm_source=markets&amp;utm_medium=ingestgest">Gold</a> dipped 0.1% to $1,891 per ounce.

US stocks slip as investors await key inflation data

<ul><li>US stocks saw mixed trades on Monday as investors brace for the upcoming release of the January CPI report.</li><li>The median forecast suggests year-over-year CPI will fall to 2.9%, a decline from the previous reading of 3.4%.</li><li>A continued decline in inflation might push the Federal Reserve to cut interest rates sooner rather than later.</li></ul>US stocks were mixed on Monday, with the Dow Jones Industrial Average closing at a record high while the S&amp;P 500 and Nasdaq 100 edged lower.Investors are now bracing for forthcoming January inflation data, with the CPI report scheduled to be released Tuesday morning.Investors are looking for a continued decline in inflation. A lower reading would help solidify the Federal Reserve's decision to cut interest rates later this year."Tomorrow will be all about CPI as investors want to see signs that the disinflationary process continues to move in the right direction," NYSE senior market strategist Michael Reinking said in a Monday note to clients.The median forecast suggests year-over-year CPI will fall to 2.9%, a decline from the previous reading of 3.4%. Meanwhile, year-over-year Core CPI is expected to drop to 3.7%, compared to its previous reading of 3.9%.Here's where US indexes stood at the 4:00 p.m. closing bell on Monday: <ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,021.84, down 0.09%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 38,797.38, up 0.33% (+125.69 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq Composite</a>: 15,942.55, down 0.30%</li></ul>Here's what else happened today: <ul><li><a href="https://www.businessinsider.com/recession-outlook-financial-crisis-economy-federal-reserve-yield-curve-rosenberg-2024-2">The US now has an 85% chance of a recession in 2024,</a> the highest probability since the Great Financial Crisis, economist David Rosenberg says.</li><li><a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-today-50000-etf-rate-cuts-fed-crypto-2024-2">Bitcoin surged above $50,000 for the first time in 2 years</a> on Monday as ETF demand grows and investors anticipate interest rate cuts.</li><li><a href="https://www.businessinsider.com/housing-market-outlook-home-prices-spring-buying-season-mortgage-rates-2024-2">The homebuying season is set to pick up this spring,</a> and economists at Redfin and Zillow expect up to a 5% price gain. </li><li><a href="https://markets.businessinsider.com/news/stocks/federal-reserve-interest-rate-cuts-stock-market-outlook-investing-bofa-2024-2">The stock market will rise in 2024 even if the Federal Reserve decides against interest rate cuts</a> and instead keeps rates unchanged, according to Bank of America.</li></ul>In commodities, bonds, and crypto: <ul><li><a href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil jumped 0.30% to $77.07 a barrel. <a href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, dropped 0.10% to $82.11 a barrel. </li><li><a href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> declined 0.23% to $2,034.10 per ounce. </li><li>The 10-year Treasury yield rose one basis point to 4.17%.</li><li><a href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> climbed 4.26% to $50,239.69. </li></ul>

US stocks trade mixed as investors brace for January inflation data

<ul class="summary-list"><li>US stocks were mixed on Thursday as investors took in the week's inflation readings. </li><li>The Dow retraced some earlier losses, but still closed lower for a sixth straight session. </li></ul>US stocks fell Thursday, with the Dow Jones Industrial Average down for a sixth straight session. Traders digested the latest Producer Price Index data, which showed wholesale prices rising 11% year over year, above the expected 10.7%. "We are forecasting that inflation will not decline significantly until the Fall, where we expect energy prices to peak after the summer driving season and the housing sector to cool off in response to the rise in 30-year mortgage rates to 5.5%," wrote Jay Hatfield, CEO and portfolio manager at Infrastructure Capital Management in New York."If long-term interest rates continue to stabilize, we believe the stock market will find a bottom in the 3,800-4,000 range as our valuation model of the S&amp;P is 4,100 assuming a 10-year treasury rate," he added.Here's where US indexes stood as the market closed 4:00 p.m. on Thursday: <ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 3,930.23, down 0.13% </li></ul><ul><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 31,729.77, down 0.33% (104.34 points)</li></ul><ul><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq Composite</a>: 11,370.96, up 0.06% </li></ul>Amid the sell-off in digital assets, the total value of the cryptocurrency market has plunged 28% over the last week to roughly $1.2 trillion,<a href="https://markets.businessinsider.com/news/currencies/crypto-market-cap-plunged-500-billion-last-week-1-trillion-2022-5"> the lowest mark since July</a>. <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">Crypto</keyword> billionaire Sam Bankman-Fried and other sector heavyweights have seen huge drops in their net worth in the turmoil.Meanwhile, Russia is earning $20 billion per month in oil sales as higher crude prices have lifted export revenue 50%, the International Energy Agency reported. That brings the country's daily exports back to 8.1 million — <a href="https://markets.businessinsider.com/news/commodities/russian-oil-sales-20-billion-month-export-revenue-jumps-iea-2022-5">the same rate as before the war in Ukraine. </a>The IEA also said Thursday that oil <keyword id="11893875" type="UNKNOWN" weightage="100" keywordseo="markets" source="Orion">markets</keyword> will <a href="https://markets.businessinsider.com/news/commodities/russia-oil-sanctions-wont-cause-global-supply-shock-iea-2022-5">be able to withstand sanctions</a> on Russia, walking back its previous forecast of a "<a href="https://markets.businessinsider.com/news/commodities/russia-sanctions-global-oil-supply-shock-iea-report-ukraine-war-2022-3?utm_medium=ingest&amp;utm_source=markets">global supply shock</a>."Oil moved higher, with <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate</a> up 0.93% to $106.70 a barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, inched up 0.47% to $108.02 a barrel. <a href="https://markets.businessinsider.com/commodities/gold-price?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Gold</a> edged lower 1.6% to 1,823.20 per ounce. The <a href="https://markets.businessinsider.com/rates/u-s--rates-10-years?utm_medium=ingest&amp;utm_source=markets">10-year yield</a> lost 6.5 basis points to 2.848%.<a href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets">Bitcoin</a> traded lower by 2.97% to $28.563.73.

US stocks trade mixed as investors digest latest inflation data

<ul><li>US stocks climbed on Monday as investors turn their attention to the upcoming July CPI report.</li><li>The inflation data will inform the Federal Reserve as to whether more interest rate hikes are needed.</li><li>The CME FedWatch Tool suggests the Fed is done hiking interest rates and will cut rates in March 2024.</li></ul>US stocks moved higher on Monday as investors turn their attention to upcoming inflation data and whether that will impact the trajectory of the Federal Reserve's current interest rate trajectory.July CPI data will be released later this week on Thursday. That, combined with the August jobs report and the August CPI report will inform the Fed as to whether they hike interest rates again at their September FOMC meeting. A recent s<a href="https://markets.businessinsider.com/news/commodities/us-gas-prices-oil-inflation-smile-mohamed-el-erian-2023-8">urge in gas prices could impact the upcoming inflation reports.</a>According to the CME FedWatch Tool, the Fed is expected to keep the Fed Funds Rate at its current range of 5.25% to 5.50% until March 2024, when the central bank is expected to slightly cut interest rates by 25 basis points. For the Fed to cut interest rates, inflation would have to be decisively on track to near the Fed's long-term 2% target.Investors are also digesting second-quarter earnings results, which have mostly beat earnings estimates. With 85% of S&amp;P 500 companies having already reported results, 81% are beating profit estimates by a median of 7%, while 64% are beating revenue estimates by a median of 3%, according to data from Fundstrat.Here's where US indexes stood shortly after the 9:30 a.m. ET opening bell on Monday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets" rel="">S&amp;P 500</a>: 4,497.26, up 0.4%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets" rel="">Dow Jones Industrial Average</a>: 35,306.18, up 0.7% (241 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets" rel="">Nasdaq Composite</a>: 13,907.69, down less than 0.1% </li></ul>Here's what else is happening this morning:<ul><li>Warren Buffett's <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-bargains-stock-portfolio-buybacks-berkshire-hathaway-q2-earnings-2023-8">Berkshire Hathaway reported second-quarter earnings over the weekend.</a> The conglomerate is growing its profits while it sits on a cash pile of nearly $150 billion.</li><li>As the US labor market remains strong, <a href="https://www.businessinsider.com/stock-market-outlook-federal-reserve-interest-rates-jobs-recession-inflation-2023-8">some investors are anticipating a higher for longer period</a> of elevated interest rates. </li><li>The world's <a href="https://markets.businessinsider.com/news/stocks/musk-bezos-buffett-gates-rich-list-trillion-combined-net-worth-2023-8">six richest people have gained a combined near-$1 trillion in wealth</a> so far this year amid a sizable stock market rally.</li></ul>In commodities, bonds and crypto:<ul><li><a href="https://markets.businessinsider.com/commodities/oil-price?type=wti&amp;utm_medium=ingest&amp;utm_source=markets" rel="">West Texas Intermediate crude</a> oil fell 0.66% to $82.27 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets" rel="">Brent crude</a>, oil's international benchmark, dropped 0.61% to $85.71</li><li><a href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets" rel="">Gold</a> dropped 0.05% to $1,975.10 per ounce.</li><li>The yield on the 10-year Treasury jumped 3 basis points to 4.07%.</li><li>Bitcoin fell 0.09% to $29,019, while ether was flat at $1,827. </li></ul>

US stocks rise as investors turn attention to upcoming inflation data

<ul class="summary-list"><li>US stocks flirted with record highs Wednesday as investors awaited key inflation data out tomorrow. </li><li>Some investors worry that overheating inflation may nudge the Federal Reserve into rolling back its ultra-easy monetary policy.</li><li>Bitcoin recovered from its previous day's 10% slump by climbing back above $35,000.</li></ul>US stocks flirted with record highs Wednesday as investors awaited key inflation data out tomorrow. The broader market seems to be in a "holding pattern" as investors wait for Thursday's inflation report, said Craig Johnson, Piper Sandler chief market technician. Economists expect the US consumer price index to rise 4.7% year-on-year. Some investors worry that overheating inflation may nudge the Federal Reserve into rolling back its ultra-easy monetary policy.Here's where US indexes stood at the 9:30 a.m. ET open on Wednesday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingestm=ingest">S&amp;P 500</a>: 4,235.36, up 0.19%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingestgest">Dow Jones industrial average</a>: 34,597.56, down 0.01% (2.26 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingestgest">Nasdaq composite</a>: 13,988.78, up 0.46%</li></ul>Reddit traders are driving rallies in a <a href="https://markets.businessinsider.com/news/stocks/wendys-clean-energy-fuels-contextlogic-new-reddit-meme-stocks-rising-2021-6-1030507701">string of new meme stocks</a> this week, including Wendy's, Clean Energy Fuels, and ContextLogic, among others.<a href="https://markets.businessinsider.com/currencies/btc-usd?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Bitcoin</a> recovered from its previous day's 10% slump by climbing 6.7% to $35,046. The digital asset was trading around $31,036 on Tuesday, partly prompted by news of US authorities' ability to use a private key to <a href="https://www.businessinsider.com/colonial-pipeline-attack-hack-ransom-recovery-us-doj-2021-6?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">retrieve some of the Colonial Pipeline ransom</a>."This current market pause is not unexpected," said Paolo Ardoino, CTO of crypto exchange Bitfinex. "Everyone needs time to assess and digest what the community has built. We're waiting for a new momentum to gather as we continue to build upon the foundations created by some of the greatest minds in fintech. I'm still extremely bullish in the long term about bitcoin and the long-term fundamentals and use cases of the technology." Meanwhile, El Salvador's congress approved a law making bitcoin legal tender. This <a href="https://newsletter.businessinsider.com/click/24095002.73364/aHR0cHM6Ly9tYXJrZXRzLmJ1c2luZXNzaW5zaWRlci5jb20vY3VycmVuY2llcy9uZXdzL2VsLXNhbHZhZG9yLWJpdGNvaW4tbGVnYWwtdGVuZGVyLWN1cnJlbmN5LWNyeXB0b2N1cnJlbmN5LTIwMjEtNi0xMDMwNTA2NTY5P25yX2VtYWlsX3JlZmVyZXI9MSZ1dG1fc291cmNlPVNhaWx0aHJ1JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NvbnRlbnQ9T3BlbmluZ19iZWxs/5d0cd4a524c17c4d6716770bBd893c1bb" target="_blank" rel="noopener">gives the cryptocurrency the same status as the US dollar</a> in the country. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti?utm_source=markets&amp;utm_medium=ingestgest">West Texas Intermediate crude</a> rose as much as 0.5%, to $70.40 per barrel.<a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestarkets&amp;utm_medium=ingest"> Brent crude</a>, oil's international benchmark, gained 0.55%, to $72.62 per barrel.<a href="https://markets.businessinsider.com/commodities/gold-price?utm_source=markets&amp;utm_medium=ingestgest">Gold</a> fell 0.1% to $1,892 per ounce.

You Searched For "US inflation data" and got 9 results

US futures remain steady, hemmed in by US inflation data and vaccine worries

Sophie Kiderlin

Rupee declines 20 paise to 82.71 against US dollar in early trade

PTI

US futures hover near record highs as investors nervously await key US inflation data

Harry Robertson

The Fed's inflation call is one of the worst the central bank has ever made and rising prices cannot be dismissed as transitory, Mohamed El-Erian says

Isabelle Lee

US stocks slip as investors await key inflation data

Emily Graffeo

US stocks trade mixed as investors brace for January inflation data

Matthew Fox

US stocks trade mixed as investors digest latest inflation data

Phil Rosen

US stocks rise as investors turn attention to upcoming inflation data

Matthew Fox

US stocks hover near record highs as investors brace for inflation data

Emily Graffeo

Popular Keywords

Buying Guides