Modest Gains in Major Indices as US Economy Shows Strength

Thursday, 14 March 2024, 13:37

The US Producer Price Index (PPI) and initial jobless claims exceeded expectations, indicating a stronger economy. Despite weaker retail sales, markets are more focused on higher inflation and job growth, leading to a modest increase in US stocks. Key metrics show increases, with the Dow Industrial Average, S&P index, and NASDAQ index all showing gains. US rates are also on the rise, reflecting positive market sentiment and economic activity.

LivaRava Finance Meta Image — Modest Gains in Major Indices as US Economy Shows Strength

Market Snapshot

Dow Industrial Average: Up 55.25 points or 0.14% at 39098.58
S&P Index: Up 7.41 points or 0.14% at 5172.71
NASDAQ Index: Up 37.72 points or 0.23% at 16215.49

US Debt Market

2-Year Yield: 4.680% (+5.7 basis points)
5-Year Yield: 4.262% (+7.6 basis points)
10-Year Yield: 4.254% (+6.3 basis points)
30-Year Yield: 4.396% (+4.7 basis points)

Greg Michalowski provides insights into the current market trends and economic indicators.

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.

Market Snapshot

US Debt Market

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