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nike
air vapormax Off white jumps on Q1 profit beat
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Aug PCE data softer than expected
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Carnival gains after FY profit forecast raise
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All three indexes set to log quarterly declines
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Indexes up: Dow 0.33%, S&P 0.75%, Nasdaq 1.34%
(Updated at 10:02 a.m. ET/ 1402 GMT)
By Shashwat Chauhan and Shristi Achar A
Sept 29 (Reuters) -
U.S. stocks rose on Friday after a softer-than-expected reading on a crucial inflation metric kept alive hopes of a pause in the Federal Reserve's rate hikes, Jordan mid
se craft though main indexes were on track to log quarterly
declines.
A Commerce Department
report
showed the personal consumption expenditures (PCE) price index, jordan low orange considered to
be the Fed's preferred inflation gauge, climbed 0.4% in August month-on-month, against estimates of
a 0.nike air jordan 5 grey% rise.
Excluding volatile food and energy components, Racer blue dunks the core PCE price
index rose 0.1% in August month-on-month, compared with
estimates of 0.2% advance.
"These are very, very good numbers. Even though the drop isn't spectacular, it's in the right direction," said Kim Forrest, chief
investment officer at Bokeh Capital Partners.
"I'm very optimistic that inflation continues to decline and the Fed will note this in their reasoning about interest rates."
Traders' bets on the benchmark rate remaining unchanged in November and December stood at 85% and 67%, respectively, according to
CME's FedWatch tool.
The yield on two-year and 10-year Treasury notes declined,
leading growth stocks including Apple, Microsoft,
Timberland Prod Tesla,
Alphabet , Amazon.com and Nvidia to advance between 1.3%
and 3.0%.
A final reading of the September University of Michigan Consumer Sentiment Index came in at 68.Jordan 1 Mid Bred Toe, versus expectations of 67.7.
At 10:02 a.m. ET, the Dow Jones Industrial Average was up 110.59 points,
or 0.33%, at 33,776.93, the S&P 500 was up 32.28 points, or 0.75%, at nike air jordan 4 for sale,331.98, and the Nasdaq Composite was up 176.48 points,
Timberlands Boots Womens or Jordan 1 Dunk.34%, aj1 fearless at 13,377.75.
Real estate led gains among the major S&P 500 sectors,
rising nike x
off white jordan 1.jordan flight sc 3%, while beaten-down utilities rose air
jordan 1 red black.0%
Energy was an outlier, down 0.9% after rallying over 2% so far
this week.
The S&P 500 and the Nasdaq are poised for their worst monthly
showing of the year amid uncertainty around interest rates.
All the three indexes, including the Dow, are set for their
first quarterly decline in 2023.
Riding the current of higher crude prices, energy is set to emerge
as the only major https://teendoo.com/new-balance/ S&P 500 sector to notch monthly
gains. Meanwhile, Camo Timberlands rate-sensitive information technology and real
estate were on track to be the worst hit.
Elsewhere, investors gauged the prospects of averting a government shutdown as the Democratic-led Senate forged ahead on Thursday with a bipartisan stopgap,
while the House began voting on partisan Republican spending bills.
Traders would also lookout for JPMorgan Hedged Equity Fund as
a potential source of additional volatility, as the $16 billion fund is expected to reset its options
positions on Friday.
Among individual stocks, nike 4 retro jumped 8.4% after the sportswear maker posted a better-than-expected first-quarter profit.
Shares of sporting goods retailers Foot Locker and dark driftwood dunks Dick's Sporting Goods added nike sail 4.1%
and 2.1%, sherpa nuptse jacket daunenjacke respectively.
Carnival rose 2.2% after the cruise operator forecast a smaller annual loss than previously
estimated and reported a third-quarter profit.
Advancing issues outnumbered decliners by a men’s Air jordan 3 retro se.80-to-1 ratio on the NYSE
and by a 2.79-to-1 ratio on the Nasdaq.
The S&P index recorded no new 52-week high and two new lows, while the Nasdaq recorded 21
new highs and 60 New Balance
992 lows. (Reporting by Ankika Biswas, Shashwat Chauhan, Shristi
Achar A and Amruta Khandekar in Bengaluru; Editing by Arun Koyyur black and white air jordan 1 womens Maju Samuel)
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