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Deals suggest further growth for US stock markets – Pulse Business

Deals suggest further growth for US stock markets - Pulse Business

The deals point to further gains in US stock markets

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Optimism fueled by Wednesday’s inflation report still lingers in the US.

About two hours before the start of the session on U.S. stock markets, the Dow Jones Industrial Average rose 0.4%, the S&P500 rose 0.3%, and the Nasdaq100 rose 0.2%. On Wednesday, markets clearly rose below expectations for inflation in July, renewing hopes for less aggressive interest rate hikes from the central bank. Meanwhile, three regional central bank chiefs have already made it clear that the latest inflation data is not prejudicial. Bond yields started to rise after a significant decline on Wednesday. Sentiment may be affected by data on the so-called New unemployed, an increase to 264 thousand is expected, and the dynamics of producer prices sold in July, where a drop of 0.2% m / m is expected. from 1.1 percent in June. Among companies, the star of Thursday’s session was Walt Disney Co. Maybe, it posted better-than-expected quarterly results and its streaming service gained more than forecast subscribers.

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