14 Stocks Gain Momentum With August Inflation Report: Alibaba, BHP, and More

Friday, 27 September 2024, 06:35

14 stocks are gaining momentum as August inflation data shows a decline, with key players like Alibaba and BHP Group emerging. The PCE Price Index rose only 2.2% YoY, suggesting the easing of price pressures. Investors are closely watching these market movements and the impact on key sectors.
Benzinga
14 Stocks Gain Momentum With August Inflation Report: Alibaba, BHP, and More

Market Overview: August Inflation Insights

The latest report reveals that August inflation, measured by the PCE Price Index, has risen by 2.2% year-over-year, coming in below expectations. This decline in overall inflation is indicative of decreasing price pressures within the economy.

Key Stocks to Watch

  • Alibaba Gr Hldgs (NYSE:BABA) - This major player is experiencing an upswing.
  • BHP Group (NYSE:BHP) - Following the inflation report, BHP is gaining traction.
  • Other notable mentions include BMY, BP, and TSLA.

Investors are eager to monitor how these shifts affect market dynamics and individual stock performance.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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