Mixed opening for U.S. stocks as inflation pressures ease and jobless claims data released.
TL;DR Summary
The US stock market opened mostly lower on Thursday as investors analyzed the latest wholesale inflation and weekly jobless claims data. The Dow Jones Industrial Average was down 0.5%, while the S&P 500 fell 0.2%, and the Nasdaq Composite gained 0.1%. The producer-price index, a measure of wholesale inflation in the US, rose 0.2% in April, slightly below the 0.3% rise forecast by economists. Meanwhile, initial jobless claims rose to 264,000.
- U.S. stocks open mostly lower after wholesale inflation report, jobless claims data MarketWatch
- April inflation breakdown: Where are prices rising the fastest? Fox Business
- Wholesale prices rose just 0.2% in April, less than estimate as inflation pressures ease CNBC
- CPI Report: Predictably Bad Inflation Gives Fed and Markets a Breather Bloomberg
- Inflation data points to Fed pause on rate hikes Yahoo Finance
Reading Insights
Total Reads
0
Unique Readers
11
Time Saved
0 min
vs 1 min read
Condensed
35%
110 → 71 words
Want the full story? Read the original article
Read on MarketWatch