Welcome to Extreme Investor Network, where we bring you the latest updates and insights from the stock market, trading, and Wall Street. In our recent market analysis, we saw major indices rebounding from sharp declines on Wednesday, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all making significant gains by the end of the day.
One key factor that investors were keeping an eye on was the Producer Price Index (PPI), which showed a 0.2% rise in wholesale prices for August, in line with economists’ expectations. This stability in inflation provided reassurance to the markets, especially as core inflation also saw a slight uptick. With the Federal Open Market Committee (FOMC) meeting coming up on September 17-18, there is anticipation for a potential interest rate cut, although the degree of the cut is still up for debate among traders.
As traders digest the inflation data and await the Fed’s decision, treasury yields have dipped slightly, indicating a more cautious outlook in the market. In addition, the tech sector saw a late-session rally, led by Nvidia’s impressive gains, which helped boost the broader market sentiment.
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