The inflation data released by the Bureau of Labor Statistics showed an increase of only .2% in December, significantly lower than the predicted .4%. This positive trend in inflation could lead to bullish sentiments in the market, especially if it continues to trend downwards, which may prompt the Federal Reserve to consider rate cuts. Investors are eager to see corresponding consumer price index figures that might confirm this favorable outlook.
Yesterday's performance of the Dow Jones Industrial Average contrasted significantly with that of the Nasdaq. With rising interest rates and investors seeking safety, the Dow outperformed the Nasdaq dramatically. The shift in investor sentiment reflects broader concerns about the economic landscape, particularly influenced by rising Treasury yields, currently standing at about 4.79%.
Collection
[
|
...
]