Stock market goes up when people think companies are doing well and the government will help them. This time, people think the government will help because they found out prices for things don't go up as much as they thought. So, people are happier and want to buy more stocks, making the prices go up. Some companies, like Starbucks, are doing better than expected and their prices go up a lot. Other companies, like Chipotle, are not doing as well and their prices go down. Read from source...
- Bullish sentiment surges on Wall Street as lower-than-expected PPI data fuels expectations for a 50-basis-point rate cut.
- The S&P 500 rises 1.1%, Nasdaq climbs 1.8% and Dow Jones adds 250 points or 0.6% by midday.
- Treasury yields fall across all maturities, with the rate-sensitive two-year yield declining by 6 basis points. The U.S. dollar index lost ground against other major currencies and fell 0.3% against the Japanese yen.
- Commodities took a breather after Monday’s strong gains, driven by escalating geopolitical risks in the Middle East. Oil prices retreated by 1.8%, pulling energy stocks lower, while gold remained steady, hovering just under 1% below its record highs.
bullish
Article's Key Points:
- Lower-than-expected PPI data fuels expectations for a 50-basis-point rate cut
- S&P 500, Nasdaq and Dow Jones rise by 1.1%, 1.8% and 0.6% respectively
- Treasury yields fall, U.S. dollar index weakens and commodities pull back
- Starbucks soars 20% after announcing new CEO, CMG plummets 9%