The major averages are coming off of four consecutive winning days.
Traders work on the floor of the New York Stock Exchange during morning trading on January 04, 2023 in New York City.U.S. stock futures ticked up Wednesday night as investors looked toward new consumer inflation data for greater insight on the economy.The consumer price report for September will be released Thursday morning. Economists surveyed by Dow Jones are forecasting a 0.3% month-over-month increase, and 3.6% rise from the prior year.
" CPI print was a bit stronger than we anticipated, though the downward trend in core inflation persisted. We would hope for that to continue, will be keeping a close eye on the pass-through of higher energy prices into broader inflation in the months ahead should they persist," said Vanguard senior economist Andrew Patterson.
The ongoing Israel-Hamas war has raised questions of a potential oil supply crunch and a resulting rise in fuel prices if the geopolitical instability spreads to neighboring oil producers in the region. Traders will also be keeping an eye out on jobless claims numbers for the week ending Oct. 7. Atlanta Fed president Raphael Bostic and Boston Fed president Susan Collins will be giving remarks Thursday afternoon, which could give Wall Street more insight onto the central bank's stance.
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Stock market today: Asian shares rise after eased pressure on bonds pushes Wall Street higherShares are higher in Asia, tracking Wall Street gains following an easing of pressure from the bond market. U.S. futures slipped and oil prices rose slightly. Investor sentiment got a boost from a report by Bloomberg, citing unnamed sources, that the Chinese government is considering boosting spending on construction to support the slowing economy. On Tuesday, the S&P 500 rose 0.5% and the Dow added 0.4%. The Nasdaq composite climbed 0.6%. Treasury yields eased considerably after trading resumed
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Birkenstock set for stock market debut as Wall Street trades in wingtips for sandalsBirkenstock is making its debut on the stock market as Wall Street trades in its wingtips for sandals for a day
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Birkenstock set for its stock market debut as Wall Street trades in its wingtips for sandalsBirkenstock is making its debut on the stock market as Wall Street trades in its wingtips for sandals for a day. The 249-year-old German maker of upmarket sandals set a price of $46 per share for its initial public offering of stock, valuing the company at $8.64 billion. It is due to start trading Wednesday on the New York Stock Exchange under the “BIRK” ticker symbol. The company’s footwear was first cobbled together by Johann Adam Birkenstock in Germany in 1774. The sandals have long been deri
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Birkenstock set for its stock market debut as Wall Street trades in its wingtips for sandalsBirkenstock is making its debut on the stock market as Wall Street trades in its wingtips for sandals for a day.
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Birkenstock set for its stock market debut as Wall Street trades in its wingtips for sandalsBirkenstock is making its debut on the stock market as Wall Street trades in its wingtips for sandals for a day.
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Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since Sep 21, 2023 when Wall Street traded near 34,068.90.Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bullish contrarian trading bias.
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