Stock market today: US stocks nudge higher with Fed speakers, inflation in focus

Published On Sep 23, 2024, 10:51 AM

US stocks have slightly increased as investors await comments from Federal Reserve officials and upcoming inflation data that could influence future interest rate decisions. The Dow Jones and S&P 500 show modest gains, while the market is grappling with concerns about the economy's health following a recent 50 basis point rate cut by the Fed. Key upcoming reports include the PCE inflation index and second-quarter GDP, which may support continued easing of monetary policy. Corporates like Intel received positive news from potential investment offers, adding to bullish sentiment.

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Stock Forecasts

AI prediction results, not representative of any investment advice.

SPY View SPY chart on TradingView

Positive

The positive sentiment around the markets, combined with potential further easing of monetary policy, suggests investment opportunities in larger companies that may benefit from these conditions.

INTC View INTC chart on TradingView

Positive

Positive outlook for tech stocks, particularly Intel, after news of potential multibillion-dollar investments could lead to a price increase.

QQQ View QQQ chart on TradingView

Negative

The macroeconomic environment highlights the likelihood of sustained pressure on growth stocks, possibly indicating a more cautious investment stance in the broader tech sector despite some individual bullish cases.

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