Dow Jones

Major market averages move higher on Monday as investors brace for the last full week of economic numbers before the next Fed decision.

"Expect a fair amount of attention on what now seems to be sharp falls in used cars after runaway price rises during covid. "The recent slump in commodities, with WTI firmly below $100 per barrel throughout the month, is likely to put downward pressure on the headline number as are gas prices being down -12% over the month," Deutsche Bank's Jim Reid wrote. On the flip side our models suggest rents should continue to climb for a few more months before falling. biomanufacturing](https://seekingalpha.com/news/3882077-biden-to-sign-executive-order-to-boost-funding-for-us-biomanufacturing). [COMP.IND](https://seekingalpha.com/symbol/COMP.IND)) +1.1%, the S&P 500 ( [SP500](https://seekingalpha.com/symbol/SP500)) +0.9%, and the Dow ( [DJI](https://seekingalpha.com/symbol/DJI)) +0.5%. [US10Y](https://seekingalpha.com/symbol/US10Y)) was up 3..9 basis point to 3.36% and the 2-year yield ( [US2Y](https://seekingalpha.com/symbol/US2Y)) was flat at 3.57%.

The stock market moved higher on Monday, extending recent gains ahead of a key inflation report this week, with investors hoping for more signs that high ...

Despite recent gains, the consensus viewpoint in markets is “cautious and skeptical,” with buying likely to “peter out” after Tuesday’s consumer price index report, says Vital Knowledge founder Adam Crisafulli. While Tuesday’s inflation report “will likely show pricing pressure relief,” that won’t convince the Fed to alter its “aggressive stance of tightening monetary policy,” Moya predicts. Ukraine’s “sudden momentum” and recent success driving back Russian forces has boosted optimism in markets, with many hoping for a “turning point” in the conflict, which has been ongoing since late February, he adds. [Dow Jumps Nearly 400 Points As Investors Shake Off Rising Fears About More Fed Rate Hikes](https://www.forbes.com/sites/sergeiklebnikov/2022/09/09/dow-jumps-nearly-200-points-as-investors-shake-off-rising-fears-about-more-fed-rate-hikes/) (Forbes) [Stocks Rally Even After Powell Reiterates That Fed Will Keep Raising Rates](https://www.forbes.com/sites/sergeiklebnikov/2022/09/08/stocks-rally-even-after-powell-reiterates-that-fed-will-keep-raising-rates/) (Forbes) [Oil Prices Hit Seven-Month Low As Recession Fears Weigh On Demand](https://www.forbes.com/sites/sergeiklebnikov/2022/09/07/oil-prices-hit-seven-month-low-as-recession-fears-weigh-on-demand/) (Forbes) [Stocks Break Losing Streak Even As Investors Brace For The Market’s Worst Month](https://www.forbes.com/sites/sergeiklebnikov/2022/09/01/dow-falls-nearly-200-points-as-stocks-kick-off-september-with-more-losses/) (Forbes) Markets initially got a boost after a survey from the New York Federal Reserve showed that a decline in gas prices is leading to rising hopes that inflation is cooling, building on recent optimism after consumer prices cooled slightly in July and look set to do so again in August. The stock market moved higher on Monday, extending recent gains ahead of a key inflation report this week, with investors hoping for more signs that high consumer prices have peaked as the Federal Reserve continues to aggressively hike interest rates.

The S&P, Dow and Nasdaq Composite notched their fourth consecutive day of gains.

[Bristol-Myers Squibb](https://www.wsj.com/market-data/quotes/BMY) jumped $2.20, or 3.1%, to $72.36 after the U.S. [Gilead Sciences](https://www.wsj.com/market-data/quotes/GILD) gained $2.73, or 4.2%, to $68.01 after the company said it settled a patent case related to its HIV therapies. [Twitter intends to enforce its purchase agreement](https://www.wsj.com/articles/twitter-says-elon-musks-latest-argument-to-nix-deal-is-invalid-11662982859?mod=article_inline) with Elon Musk. Musk’s legal team on Friday [cited a whistleblower payment](https://markets.cmail20.com/t/d-l-fujdhud-ykkiolklh-b/) as a new reason to drop the takeover. Food and Drug Administration approved the [drugmaker’s psoriasis treatment](https://news.bms.com/news/details/2022/U.S.-Food-and-Drug-Administration-Approves-Sotyktu-deucravacitinib-Oral-Treatment-for-Adults-with-Moderate-to-Severe-Plaque-Psoriasis/default.aspx), Sotyktu. The data is expected to show August was the second consecutive month of cooling inflation pressures. Many investors expect the Fed to raise interest rates by another 0.75 percentage point next week. “We’re in that period where earnings season is over, and it does become all about the biggest story of the year: the Fed and what is the end-target federal funds rate.” [closed higher](https://www.wsj.com/articles/global-stocks-markets-dow-update-09-09-2022-11662725916?mod=article_inline) for the week on Friday. The technology-heavy Nasdaq Composite climbed 154.10, or 1.3%, to 12266.41. Meanwhile, the labor market has remained a key source of economic strength. The Dow Jones Industrial Average added 229.63, or 0.7%, to 32381.34.

The Dow Jones Industrial Average rose in its recent trading at the intraday levels, to achieve gains for the third consecutive session, by 1.19%.

We’ve made a list of [the best online CFD trading brokers](https://www.dailyforex.com/forex-brokers/best-forex-brokers/cfd-trading) worth trading with. With the August CPI on Tuesday, results could show a drop to 8.1% from 8.5% in July. If this prediction is correct, this will be the second drop on the market. The index rose by 2.66%, breaking a series of weekly losses that continued for three consecutive weeks, All of this sets the stage for the stock market's next big test, which is inflation data. Federal Reserve Chairman Jerome Powell said Thursday that the central bank remains firmly committed to fighting inflation, and that nothing will deter it, whether politically or for any other reason.

The top performers on the S&P 500 were DXC Technology Co (NYSE:DXC) which rose 5.98% to 28.36, APA Corporation (NASDAQ:APA) which was up 5.01% to settle at ...

[Dow Jones Industrial Average](/indices/us-30) were Apple Inc (NASDAQ: [AAPL](/equities/apple-computer-inc)), which rose 3.85% or 6.06 points to trade at 163.43 at the close. Revenue for the quarter came in at $76.5... [AMGN](/equities/amgen-inc)), which lost 4.07% or 10.07 points to trade at 237.62 in late trade. In commodities trading, Gold Futures for December delivery was up 0.43% or 7.45 to $1,736.05 a troy ounce. [TUEM](/equities/tuesday-morning)) which was down 31.19% to 0.19 in late trade, WeTrade Group Inc (NASDAQ: [WETG](/equities/wetrade)) which lost 30.19% to settle at 1.11 and Akari Therapeutics PLC (NASDAQ: [AKTX](/equities/celsus-theraptcs)) which was down 27.88% to 0.75 at the close. [MOS](/equities/mosaic-company)) which was down 6.76% to 52.44 in late trade, Amgen Inc (NASDAQ: [AMGN](/equities/amgen-inc)) which lost 4.07% to settle at 237.62 and CF Industries Holdings Inc (NYSE: [CF](/equities/cf-industries)) which was down 4.05% to 99.48 at the close. [NRBO](/equities/gemphire-therapeutics-inc)) which rose 101.30% to 0.56, InMed Pharmaceuticals Inc (NASDAQ: [INM](/equities/inmed-pharmaceuticals-inc)) which was up 70.42% to settle at 18.78 and Ventyx Biosciences Inc (NASDAQ: [VTYX](/equities/ventyx-biosciences)) which gained 64.98% to close at 38.11. [DXC](/equities/comp-science)) which rose 5.98% to 28.36, APA Corporation (NASDAQ: [APA](/equities/apache-corp)) which was up 5.01% to settle at 40.00 and Fortinet Inc (NASDAQ: [FTNT](/equities/fortinet)) which gained 4.20% to close at 55.84. [CBOE Volatility Index](/indices/volatility-s-p-500), which measures the implied volatility of S&P 500 options, was up 4.74% to 23.87. Home Depot Inc (NYSE: [HD](/equities/home-depot)) declined 0.74% or 2.23 points to end at 297.54 and Johnson & Johnson (NYSE: [JNJ](/equities/johnson-johnson)) shed 0.04% or 0.07 points to 165.64. American Express Company (NYSE: [AXP](/equities/american-express)) added 2.53% or 4.01 points to end at 162.45 and Salesforce Inc (NYSE: [CRM](/equities/salesforce-com)) was up 1.87% or 3.04 points to 165.63 in late trade. [Dow Jones Industrial Average](/indices/us-30) gained 0.71%, while the [S&P 500](/indices/us-spx-500) index climbed 1.06%, and the [NASDAQ Composite](/indices/nasdaq-composite) index added 1.27%.

Dow Jones futures were higher after Monday's stock market rally ahead of Tuesday's key inflation reading, the consumer price index.

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Dow Jones Industrial Average futures were up 117 points, or 0.4%. S&P 500 futures were also up 0.4%, and Nasdaq 100 futures gained 0.3%. At 8:30 a.m. ET, all ...

and is one of the last pieces of data the Federal Reserve will see ahead of its September meeting. In the meantime, Ma recommends investors look for defensive stocks with low volatility, high dividends and share repurchase yields. The Office for National Statistics attributed the change to a rise in long-term sickness designations and students leaving the jobs market. "However, incoming economic data over the coming weeks and months and its influence on policy actions next year could play a much more significant role in shaping stock direction over the intermediate term." stock futures were higher Monday night as Wall Street looks ahead to the August consumer price index report set to be released Tuesday morning. A consumer price index report Tuesday that's in-line with expectations may also not move the needle." The S&P 500 rose close to 1.1%, and the Nasdaq Composite added about 1.3%. On a year-over-year basis, the index is expected to show an 8% increase — down slightly from the previous month. "We believe we are not there yet in either regard." stocks rose Monday](https://www.cnbc.com/2022/09/11/stock-futures-rise-as-wall-street-looks-ahead-to-key-inflation-data-.html), continuing a relief rally that began last week when all three major averages snapped [three-week slumps](https://www.cnbc.com/2022/09/08/stock-market-futures-open-to-close-news.html). 20-21 meeting, where they're expected to deliver their third consecutive 0.75 percentage point interest rate hike to tamp down inflation. Dow Jones Industrial Average futures were up 117 points, or 0.4%.

Amid the unexpected inflation news, the Dow Jones Industrial Average sold off 2.3%, while the S&P 500 dropped 2.7%. The tech-heavy Nasdaq composite traded down ...

[IBD SwingTrader](https://www.investors.com/product/swingtrader/?artProdLink=Swingtrader) stock Pure Storage is approaching a 31.62 buy point in a cup with handle. [IBD MarketSmith](https://www.investors.com/product/marketsmith/?artProdLink=MarketSmith) chart analysis. [IBD Leaderboard stock](https://www.investors.com/product/leaderboard/?artProdLink=Leaderboard) DoubleVerify is breaking out past a 28.07 buy point in a bottoming base. [Dow Jones stocks](https://www.investors.com/research/dow-jones-stocks/), Apple shares rose 3.85% Monday, decisively regaining their 200-day line. [Join IBD experts as they analyze leading stocks in the current stock market rally on IBD Live](https://shop.investors.com/offer/splashresponsive.aspx?id=IBD-Live&intcode=invstcntnartcls%7Ccms%7Cibdlive%7C2020%7C07%7Cibdlive%7Cna%7C%7C727112&src=A00433A) [Five Dow Jones Stocks To Watch Now](https://www.investors.com/research/dow-jones-stocks/) [CVX stock](https://research.investors.com/stock-checkup/nyse-chevron-corp-cvx.aspx) shows a strong 97 out of a perfect 99 [IBD Composite Rating,](https://www.investors.com/how-to-invest/investors-corner/stocks-to-buy-and-watch-ibd-composite-rating-top-growth-stocks/) per the [IBD Stock Checkup.](https://research.investors.com/stock-checkup/) Investors can use the IBD Composite Rating to easily gauge the quality of a stock's fundamental and technical metrics. Recognizing [chart patterns](https://www.investors.com/how-to-invest/investors-corner/investor-basics-why-learning-base-patterns-gets-the-ball-rolling/) is one key to the investment guidelines. [IBD MarketSmith](https://www.investors.com/product/marketsmith/?artProdLink=MarketSmith) chart analysis — amid a strong performance by energy stocks so far this year. [IBD Leaderboard](https://leaderboard.investors.com/#/leaders/leadersnearabuypoint) stock. ( [IBD MarketSmith](https://shop.investors.com/offer/splashresponsive.aspx?id=MarketSmith-Free-Access) provides free access for a full week.) [TSLA](https://research.investors.com/quote.aspx?symbol=TSLA)) lost around 3% Tuesday.

U.S. stocks opened sharply lower Tuesday as investors reacted to a stronger-than-expected inflation reading for August. The Dow Jones Industrial Average...

The Dow Jones Industrial Average stocks opened sharply lower Tuesday as investors reacted to a stronger-than-expected inflation reading for August. U.S.

Dow Jones, Nikkei 225, Hang Seng, US CPI, China Lockdowns, Technical Analysis – Asia Pacific Indices Briefing · Monday's Wall Street Trading Session Recap · S&P ...

[ Recommended by Daniel DubrovskyGet Your Free Top Trading Opportunities Forecast](https://www.dailyfx.com/free-trading-guides#forecastschoices=TOP) In the event of a turn lower, key support appears to be the 61.8% Fibonacci extension at 18658. Prices still sit below the 20-day SMA, which could hold as resistance and maintain the downside focus. Otherwise, immediate support appears to be the 38.2% Fibonacci retracement at 27814. This is as the According to Bloomberg, a key media school in Beijing was put under strict quarantine last Friday. That could result in trading being largely influenced by general risk appetite. Breaking above this key resistance could open the door to extending gains, placing the focus on the falling trendline from early January. You can see some of this by looking at the highly watched 10- & 2-year yield curve. A lack of economic event risk, as well as the Fed’s blackout period until September’s interest rate announcement, likely had traders placing bets ahead of tomorrow’s highly anticipated CPI report. Looking at Wall Street’s performance, the Dow Jones, Nasdaq 100 and S&P 500 climbed 0.72%, 1.21% and 1.09%, respectively. The S&P 500 wrapped up its 4th consecutive daily gain, the longest winning streak since early July.

August's Consumer Price Index was hotter than expected Tuesday, and showed headline inflation rose 0.1% month over month, despite falling gas prices.

[West Texas Intermediate](https://markets.businessinsider.com/commodities/oil-price?type=wti&utm_medium=ingest&utm_source=markets) down 0.54% to $87.20 a barrel. [Brent crude](https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets), the international benchmark, inched lower 0.71% to $93.33 a barrel. [Gold](https://markets.businessinsider.com/commodities/gold-price?utm_source=markets&utm_medium=ingest%3Futm_source%3Dmarkets&utm_medium=ingest&utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets) edged lower 1.90% to 1,707.60 per ounce. [Bitcoin](https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets) dropped 4.61% to $21,382.01. The [10-year yield](https://markets.businessinsider.com/rates/u-s--rates-10-years?utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets) ticked higher 0.7 basis points to 3.435%. [it could surge to over $70 next year.](https://markets.businessinsider.com/news/commodities/energy-crisis-europe-uranium-price-outlook-ukraine-war-nuclear-power-2022-9?utm_medium=ingest&utm_source=markets) "A 100 basis point move is again within the realm of possibility." Though the reading is still hotter than economists were expecting, with headline inflation projected to fall by 0.1% in August. In his view, [investors get into crypto before that happens](https://markets.businessinsider.com/news/stocks/rich-poor-dad-kiyosaki-stock-market-crash-dollar-crypto-bitcoin-2022-9?utm_medium=ingest&utm_source=markets). [Dow Jones Industrial Average](https://markets.businessinsider.com/index/dow_jones?utm_source=markets&utm_medium=ingest%3Futm_source%3Dmarkets&utm_medium=ingest&utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets): 31,855.25, down 1.62% (526.09 points) [Nasdaq Composite](https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&utm_medium=ingest%3Futm_source%3Dmarkets&utm_medium=ingest&utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets): 11,930.61, down 2.74% [the Fed is heading toward a 75 basis point hike](https://markets.businessinsider.com/news/stocks/inflation-august-cpi-wont-stop-fed-rate-hikes-larry-summers-2022-9?utm_medium=ingest&utm_source=markets) at the next meeting regardless of Tuesday's data.

U.S. stocks fell sharply at the market open after August inflation data came in hotter than expected.

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