"Market Watch: Dow Jones Gains Ahead of Key Inflation Data and Retail Sales"

1 min read
Source: Investor's Business Daily
"Market Watch: Dow Jones Gains Ahead of Key Inflation Data and Retail Sales"
Photo: Investor's Business Daily
TL;DR Summary

Dow Jones futures and other stock indexes rose ahead of key inflation data, but pared gains after hotter-than-expected producer price index figures were released. Nvidia and Tesla extended losses, while Dick's Sporting Goods and Dollar General rallied in premarket trading. The Labor Department reported a 0.6% rise in the producer price index for February, exceeding expectations, and initial unemployment claims fell to 209,000. Meanwhile, U.S. retail sales rose 0.6% in February. Disney, IBM, and Procter & Gamble are attempting breakouts, while Duolingo, Fifth Third Bancorp, Dexcom, and Block are among the best stocks to watch. Apple and Microsoft traded higher ahead of the stock market open.

Share this article

Reading Insights

Total Reads

0

Unique Readers

12

Time Saved

5 min

vs 6 min read

Condensed

90%

1,114106 words

Want the full story? Read the original article

Read on Investor's Business Daily