The Technology Select Sector SPDR Fund (XLK)
Pre-Market:
- Yahoo Finance Video
Producer prices, Nvidia CEO, Boeing labor talks: 3 Things
After August's Consumer Price Index (CPI) largely came in line with economist expectations, producer prices came in a touch hotter than expected. The Producer Price Index (PPI) saw prices increase 0.2% month-over-month and 1.7% year-over-year. Initial jobless claims also came out above estimates for the prior week: 230,000 versus the 227,000 expected. Nvidia (NVDA) CEO Jensen Huang's comments on the company's chip demand seemingly gave the tech sector (XLK) a burst of energy in Wednesday's session. Boeing's (BA) contract with factory workers is set to expire today. The aircraft manufacturer reached a tentative agreement with union leadership earlier this week with the 33,000 union members to vote on the deal on Thursday. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Tech rally, August CPI, Fed dot plot: Market Takeaways
The technology sector (XLK) was the clear standout in Wednesday's trading session, where the tech-heavy Nasdaq Composite (^IXIC) surged by over 2.1% and the S&P 500 (^GSPC) climbed 1.07%. Yahoo Finance markets reporter Josh Schafer analyzes tech sector gains following Nvidia (NVDA) CEO Jensen Huang's conference comments about the "intense" semiconductor demand, market reactions to August's Consumer Price Index (CPI), and what fresh data is indicating about the Federal Reserve's interest rate plans next week. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Nasdaq pops over 2%, stocks higher on August inflation print
The Nasdaq Composite (^IXIC) pops by over 2.1% to end Wednesday's trading session in positive territory after August's Consumer Price Index (CPI) came in-line with inflation estimates. The S&P 500 (^GSPC) followed, rising 1.07%, while the Dow Jones Industrial Average (^DJI) closed the day 0.3% higher. Market Domination Overtime's Julie Hyman recaps market index performances, joined by Alexandra Canal to examine single-day gains in the tech sector (XLK) and tech-heavy Nasdaq 100 (^NDX). For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
