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2021-03-10

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Dow rises 172 points after tame inflation data, Nasdaq jumps another 1%

U.S. stocks jumped on Wednesday after a report showed tame inflation, easing worries about rising pr

Dow rises 172 points after tame inflation data, Nasdaq jumps another 1%

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The S&amp;P 500 added 0.7%.The tech-heavy Nasdaq Composite climbed 1.2%, following a 3.7% rally in the previous session.</p><p><img src=\"https://static.tigerbbs.com/0c8ae3a4f89e2732af45c754020769fc\" tg-width=\"1080\" tg-height=\"419\" referrerpolicy=\"no-referrer\"></p><p>Data out Wednesday morning showed Februaryconsumer prices increased 0.4%, matching expectations from economists polled by Dow Jones. The Consumer Price Index gained 1.7% on a year-over-year basis, also in line with estimates.</p><p>\"The biggest concern that markets have had over the last month or so has been inflation running hotter than we estimate, clearly CPI puts that to rest, at least for today,\" said Art Hogan of National Securities. \"The yield on the 10-year has ceased going parabolic.\"</p><p>Investors will also be watching Wednesday's 10-year Treasury auction of $38 billion in notes at 1 p.m. ET for clues into the next direction for rates.</p><p>House Democrats are on track to pass the $1.9 trillion stimulus bill Wednesday morning. President Joe Biden is expected to sign the bill this weekend and checks of up to $1,400 should start going out this month.</p><p>The anticipated stimulus and rise in rates has divided the market recently, largely favoring stocks leveraged to a recovering economy over the tech and growth stocks that led during the pandemic.</p><p>On Tuesday however, tech stocks snapped back. The Nasdaq Composite climbed 3.7% to post its best day since November as investors poured back into popular growth names.Tesla&nbsp;surged 19.6% for its biggest one-day pop since February 2020. Apple and Facebook popped more than 4% each, while Amazon rallied 3.8%. Before the snapback, the tech-heavy benchmark had fallen into correction territory on Monday, or down more than 10% from its recent high.</p><p>Tech stocks continued their comeback Wednesday morning following the tame inflation data. Higher rates have raised concerns about valuations for tech stocks.</p><p>Tesla jumped another 2% in Wednesday’s premarket. Zoom Video was also higher.</p><p>“Corrections ... create natural inflection points for traders,” said Chris Larkin, managing director of trading and investing product at E-Trade Financial. “Let’s not forget that less than a year ago traders interpreted one of the biggest negative macro events in market history as a buying opportunity, so there’s little reason to think otherwise given all the positive signals around us today.”</p><p>The bounce in tech coincided with a decline in bond yields. The&nbsp;10-year Treasury yield&nbsp;slid more than 5 basis points to 1.54% after trading as high as 1.62% on Monday.</p><p>The 10-year rate was at about 1.56% early Wednesday, unchanged following the inflation data.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow rises 172 points after tame inflation data, Nasdaq jumps another 1%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow rises 172 points after tame inflation data, Nasdaq jumps another 1%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-03-10 22:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>U.S. stocks jumped on Wednesday after a report showed tame inflation, easing worries about rising prices that have jolted yields higher and unnerved equity investors.</p><p>The Dow Jones Industrial Average gained 172 points, or 0.5%. The S&amp;P 500 added 0.7%.The tech-heavy Nasdaq Composite climbed 1.2%, following a 3.7% rally in the previous session.</p><p><img src=\"https://static.tigerbbs.com/0c8ae3a4f89e2732af45c754020769fc\" tg-width=\"1080\" tg-height=\"419\" referrerpolicy=\"no-referrer\"></p><p>Data out Wednesday morning showed Februaryconsumer prices increased 0.4%, matching expectations from economists polled by Dow Jones. The Consumer Price Index gained 1.7% on a year-over-year basis, also in line with estimates.</p><p>\"The biggest concern that markets have had over the last month or so has been inflation running hotter than we estimate, clearly CPI puts that to rest, at least for today,\" said Art Hogan of National Securities. \"The yield on the 10-year has ceased going parabolic.\"</p><p>Investors will also be watching Wednesday's 10-year Treasury auction of $38 billion in notes at 1 p.m. ET for clues into the next direction for rates.</p><p>House Democrats are on track to pass the $1.9 trillion stimulus bill Wednesday morning. President Joe Biden is expected to sign the bill this weekend and checks of up to $1,400 should start going out this month.</p><p>The anticipated stimulus and rise in rates has divided the market recently, largely favoring stocks leveraged to a recovering economy over the tech and growth stocks that led during the pandemic.</p><p>On Tuesday however, tech stocks snapped back. The Nasdaq Composite climbed 3.7% to post its best day since November as investors poured back into popular growth names.Tesla&nbsp;surged 19.6% for its biggest one-day pop since February 2020. Apple and Facebook popped more than 4% each, while Amazon rallied 3.8%. Before the snapback, the tech-heavy benchmark had fallen into correction territory on Monday, or down more than 10% from its recent high.</p><p>Tech stocks continued their comeback Wednesday morning following the tame inflation data. Higher rates have raised concerns about valuations for tech stocks.</p><p>Tesla jumped another 2% in Wednesday’s premarket. Zoom Video was also higher.</p><p>“Corrections ... create natural inflection points for traders,” said Chris Larkin, managing director of trading and investing product at E-Trade Financial. “Let’s not forget that less than a year ago traders interpreted one of the biggest negative macro events in market history as a buying opportunity, so there’s little reason to think otherwise given all the positive signals around us today.”</p><p>The bounce in tech coincided with a decline in bond yields. The&nbsp;10-year Treasury yield&nbsp;slid more than 5 basis points to 1.54% after trading as high as 1.62% on Monday.</p><p>The 10-year rate was at about 1.56% early Wednesday, unchanged following the inflation data.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182732421","content_text":"U.S. stocks jumped on Wednesday after a report showed tame inflation, easing worries about rising prices that have jolted yields higher and unnerved equity investors.The Dow Jones Industrial Average gained 172 points, or 0.5%. The S&P 500 added 0.7%.The tech-heavy Nasdaq Composite climbed 1.2%, following a 3.7% rally in the previous session.Data out Wednesday morning showed Februaryconsumer prices increased 0.4%, matching expectations from economists polled by Dow Jones. The Consumer Price Index gained 1.7% on a year-over-year basis, also in line with estimates.\"The biggest concern that markets have had over the last month or so has been inflation running hotter than we estimate, clearly CPI puts that to rest, at least for today,\" said Art Hogan of National Securities. \"The yield on the 10-year has ceased going parabolic.\"Investors will also be watching Wednesday's 10-year Treasury auction of $38 billion in notes at 1 p.m. ET for clues into the next direction for rates.House Democrats are on track to pass the $1.9 trillion stimulus bill Wednesday morning. President Joe Biden is expected to sign the bill this weekend and checks of up to $1,400 should start going out this month.The anticipated stimulus and rise in rates has divided the market recently, largely favoring stocks leveraged to a recovering economy over the tech and growth stocks that led during the pandemic.On Tuesday however, tech stocks snapped back. The Nasdaq Composite climbed 3.7% to post its best day since November as investors poured back into popular growth names.Tesla surged 19.6% for its biggest one-day pop since February 2020. Apple and Facebook popped more than 4% each, while Amazon rallied 3.8%. Before the snapback, the tech-heavy benchmark had fallen into correction territory on Monday, or down more than 10% from its recent high.Tech stocks continued their comeback Wednesday morning following the tame inflation data. Higher rates have raised concerns about valuations for tech stocks.Tesla jumped another 2% in Wednesday’s premarket. Zoom Video was also higher.“Corrections ... create natural inflection points for traders,” said Chris Larkin, managing director of trading and investing product at E-Trade Financial. “Let’s not forget that less than a year ago traders interpreted one of the biggest negative macro events in market history as a buying opportunity, so there’s little reason to think otherwise given all the positive signals around us today.”The bounce in tech coincided with a decline in bond yields. The 10-year Treasury yield slid more than 5 basis points to 1.54% after trading as high as 1.62% on Monday.The 10-year rate was at about 1.56% early Wednesday, unchanged following the inflation data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":341,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}