Wall Street’s main indexes offered a mixed bag on Wednesday, as Alphabet and some megacap tech stocks traded lower but the latest inflation data reassured investors betting the Federal Reserve would start cutting U.S. interest rates next month.
The last session saw Google shares fall 1.2%. The Stochastic-RSI is giving a positive signal.
Google shares fell 1.2% in the last session.
The Stochastic-RSI is currently in the positive zone.
Support: 162.1933 | Resistance: 165.7133
U.S. stocks hit a near two-week high after a softer producer prices data reinforced bets of an interest rate cut by the Federal Reserve in September. Megacap and growth stocks gained, with Nvidia set to lead the charge for a second session, rising over 5%.
Boeing said it delivered 43 commercial jets in July, unchanged from the same month a year earlier when it faced supply chain hurdles, as the U.S. planemaker works to grow aicraft production under new CEO Kelly Ortberg.
The Euro rose 0.4% against the Dollar in the last trading session. The RSI is giving a positive signal.
EUR/USD gained 0.4% in the last session.
The RSI is currently in positive territory.
Support: 1.0901 | Resistance: 1.0958
The market is eagerly awaiting Walmart’s earnings report to gain insights into consumer spending trends. After a rollercoaster week on Wall Street, this week offers fresh opportunities for insights!
Wednesday: Get the latest update on inflation with the Consumer Price Index (CPI) release.
Thursday: Watch for two key indicators of US consumer health: Retail Sales, Walmart (WMT) Earnings.
Gold prices rose by more than 1% to hit the highest since August 2nd, driven by safe-haven inflows as traders awaited U.S. inflation data this week that could shed more light on the Federal Reserve’s interest rate cut path.
The Gold-Dollar pair skyrocketed 1.8% in the last session. The ROC is giving a positive signal.
XAU/USD exploded 1.8% in the last session.
The ROC is giving a positive signal.
Support: 2423.621 | Resistance: 2435.621
