financetom
Market
financetom
/
Market
/
Wall St opens muted after hot PPI keeps smaller rate cut in view
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Wall St opens muted after hot PPI keeps smaller rate cut in view
Sep 12, 2024 6:54 AM

(Reuters) - Wall Street's main indexes were subdued at the open on Thursday as a hot producer prices reading kept a smaller 25-basis point interest rate cut by the Federal Reserve firmly on the table.

The Dow Jones Industrial Average fell 0.4 point at the open to 40862.11. The S&P 500 rose 3.3 points, or 0.06%, at the open to 5557.48​, while the Nasdaq Composite rose 18.4 points, or 0.11%, to 17413.889, at the opening bell.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Energy Stocks Edge Higher Premarket Friday
Sector Update: Energy Stocks Edge Higher Premarket Friday
Oct 25, 2024
09:20 AM EDT, 10/25/2024 (MT Newswires) -- Energy stocks were edging higher premarket Friday with the Energy Select Sector SPDR Fund ( XLE ) recently up 0.3%. The United States Oil Fund ( USO ) was up 0.8% and the United States Natural Gas Fund ( UNG ) was 0.9% lower. Front-month US West Texas Intermediate crude oil was 1.3%...
Sector Update: Health Care Stocks Decline Thursday Afternoon
Sector Update: Health Care Stocks Decline Thursday Afternoon
Oct 25, 2024
01:47 PM EDT, 10/24/2024 (MT Newswires) -- Health care stocks were declining Thursday afternoon, with the NYSE Health Care Index down 0.5% and the Health Care Select Sector SPDR Fund (XLV) decreasing 0.3%. The iShares Biotechnology ETF (IBB) shed 0.3%. In corporate news, Molina Healthcare ( MOH ) shares jumped 20% after the company reported Q3 adjusted earnings and revenue...
Sector Update: Tech Stocks Mixed Thursday Afternoon
Sector Update: Tech Stocks Mixed Thursday Afternoon
Oct 25, 2024
01:47 PM EDT, 10/24/2024 (MT Newswires) -- Tech stocks were mixed Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.3% and the SPDR S&P Semiconductor ETF (XSD) off 0.1%. The Philadelphia Semiconductor index rose 0.3%. In corporate news, IBM ( IBM ) shares tumbled past 6%. The company's Q3 earnings late Wednesday came in ahead of Wall...
Traders Eye Next Week's Tech Earnings Slate, Driving Narrow Premarket Gains for US Equity Futures
Traders Eye Next Week's Tech Earnings Slate, Driving Narrow Premarket Gains for US Equity Futures
Oct 25, 2024
08:26 AM EDT, 10/25/2024 (MT Newswires) -- US equity futures were marginally higher pre-bell Friday as traders brace for key technology earnings scheduled for release next week. The Dow Jones Industrial Average futures gained 0.2%, S&P 500 futures increased 0.3%, and Nasdaq futures were up 0.3%. Alphabet (GOOG, GOOGL), Microsoft ( MSFT ) , Meta Platforms ( META ) ,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved