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US Stocks Mixed; Inflation Rate Falls More Than Projected
U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 0.1% on Wednesday.
The Dow traded up 0.09% to 39,801.45 while the NASDAQ fell 0.12% to 17,167.36. The S&P 500 also fell, dropping, 0.01% to 5,433.69.
Leading and Lagging SectorsFinancials shares climbed by 0.4% on Tuesday.
In trading on Tuesday, communication services shares fell 0.8%.
Top Headline
Headline CPI inflation fell from 3% in June to 2.9% in July 2024 on a year-over-year basis, falling short of the consensus forecast of 3% tracked by TradingEconomics.
On a monthly basis, inflation increased by 0.2% in July, rebounding from the previous month’s contraction of 0.1% and matching estimates of 0.2%.
Equities Trading UP
Avalon Globocare Corp (NASDAQ:ALBT) shares shot up 195% to $0.75 after the company announced its Laboratory Services MSO, LLC has begun ...