Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

US Stocks Under Pressure After US Data

Today market analysis on behalf of Ali Jaffar, CFA, Chief Financial Officer at DHF Capital


March 14, 2024 ( Newswire) The US stock market came under some pressure and saw significant volatility as traders reacted to the release of the Producer Price Index (PPI) today, which came in hotter than expected. This confirms earlier Consumer Price Index (CPI) readings, indicating persistent inflationary pressures. However, market consensus continues to point to an interest rate cut in June for the moment as attention could turn to the Federal Reserve's policy meeting scheduled for March 19-20.

Major US indices have stagnated to a certain extent during the previous trading session and traders could take a more cautious approach ahead of Chair Jerome Powell's speech next week, although the general outlook remains bullish. The technology sector was seeing positive performances with Microsoft seeing new highs. However, Nvidia was moving lower and could continue to see price corrections after its huge gains since the beginning of the year while Tesla faced continued pressure, in a second week of losses, following a downgrade by Wells Fargo which reduced its price target.

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire

Global investors must adhere to regulations of each country. Please read privacy policy:

That's all it takes to get an article published on Investor Ideas - Learn More