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Stocks open slightly higher as investors await earnings, inflation data

Tiger Newspress2021-10-12

The Dow Jones Industrial Average rebounded Tuesday following two straight losing days, led by technology stocks.

The blue-chip average added 75 points. The S&P 500 added 0.3%. The tech-heavy Nasdaq Composite rose 0.4%.

Chip stocks Like Nvidia and AMD gained. Other tech names Tesla and Netflix rose.

Shares of MGM Resorts rose after Credit Suisse upgraded the casino stock to outperform.

The International Monetary Fund on Tuesday cut its global growth forecast, citing supply chain challenges and persistent Covid spread.

"We're seeing major supply disruptions around the world that are also feeding inflationary pressures, which are quite high and financial risk taking also is increasing, which poses an additional risk to the outlook," IMF economist Gita Gopinath said in apress release.

The IMF said central banks like the Federal Reserve should be prepared to tighten monetary policy if inflation runs too hot.

JPMorgan Chase and other big banks are about to kick off the third-quarter earnings season later this week.

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  • Lucky_Leg
    ·2021-10-13
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    • JeremyKok
      hi. please like and comment back. thank you.
      2021-10-18
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  • Yugi
    ·2021-10-12
    Tell me your opinion about this news...
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  • Yugi
    ·2021-10-12
    Pl like 
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    • Yugi
      .
      2021-10-12
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    • JeremyKok
      hi. please like and comment back. thank you.
      2021-10-18
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  • Otahman
    ·2021-10-12
    Like pls
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    • JeremyKok
      hi. please like and comment back. thank you.
      2021-10-18
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  • SFern
    ·2021-10-12
    Good
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    • SFern
      Lol
      2021-10-12
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  • Kong06
    ·2021-10-12
    Ok
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  • 玉树临风英俊
    ·2021-10-12
    👌 
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  • JY_02222
    ·2021-10-12
    Like pls
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    查看更多 1 条评论
  • hohok
    ·2021-10-12
    Like pls
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    • BraydenChin
      like pls
      2021-10-12
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    • JeremyKok
      hi. please like and comment back. thank you.
      2021-10-18
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  • SG小鸭子
    ·2021-10-12
    Comments 
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    • hohok
      comments
      2021-10-12
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    • DonWang
      Ok
      2021-10-12
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    • JeremyKok
      hi. please like and comment back. thank you.
      2021-10-18
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  • SeahBW
    ·2021-10-12
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  • Universe宇宙
    ·2021-10-12
    Inflation High, Debt High, Expense High.Interest Hike when coming?
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    • newbiee
      K
      2021-10-12
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    • leeWT
      Real soon
      2021-10-12
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    • Universe宇宙
      😉
      2021-10-12
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  • Fungicide
    ·2021-10-12
    Ok
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  • KennyChong86
    ·2021-10-12
    like
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  • Kucing
    ·2021-10-12
    hi 
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    • Kucing
      good
      2021-10-12
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    • halforc
      ok
      2021-10-12
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  • Yingss
    ·2021-10-12
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  • har888
    ·2021-10-12
    👍🏻 
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    • 4573b69e
      Stonks
      2021-10-12
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  • CeciLi
    ·2021-10-12
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    • Yingss
      Ok
      2021-10-12
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    • BraydenChin
      like
      2021-10-12
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  • Aries_cher
    ·2021-10-12
    Yeah
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    • CeciLi
      Ok
      2021-10-12
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