© Reuters
NEW YORK (dpa-AFX) – One day before the eagerly awaited publication of inflation data, investors on the US stock exchanges (ETR:) were quite courageous on Wednesday. Despite the prevailing uncertainty, there were gains in the three most important indices. The leading industrial index rose by 0.45 percent to 37,695.73 points. The market as a whole rose by 0.57 percent to 4783.45 points.
The technology-heavy index recorded the most significant gains: with an increase of 0.69 percent to 16,793.05 points, the technology-heavy index recorded its fourth day of gains in a row. Shares of major tech stocks such as Alphabet (NASDAQ:) , Microsoft (NASDAQ:) , Amazon (NASDAQ:) , Nvidia (NASDAQ:) and Meta (NASDAQ:) supported it with their rises.
Investors will likely look to December inflation data, due out on Thursday, for clues about when and how quickly the Fed will cut interest rates this year. Quite a few market participants are already hoping for the Fed’s first interest rate move in March.
2024-01-10 21:25:00
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