US Stocks Surge as US PCE Data Matches Expectations
Thursday, 29 February 2024, 14:36
US PCE Data Release Analysis
The US core and headline PCE data matched expectations, providing stability to the market. Lower yields following the release supported a rally in US stock indices.
Market Snapshot
- Dow Industrial Average: +118 points (+0.31%) at 39,069
- S&P Index: +25 points (+0.50%) at 5,095
- NASDAQ: +130 points (+0.82%) at 16,078.69
Market Winners and Losers
Winners: Nvidia, Celsius, Alphabet, AMD, Intel, Broadcom, Arm Holding, Coinbase.
Losers: Snowflake.
US Debt Market Overview
- 2-Year Yield: 4.647% (Unchanged)
- 5-Year Yield: 4.265% (-0.7 basis points)
- 10-Year Yield: 4.256% (-1.8 basis points)
- 30-Year Yield: 4.386% (-2.3 basis points)
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.