Nasdaq flips higher, joining Dow and S&P 500 in the green
Wednesday’s afternoon trading session proceeded with all three major U.S. stock indexes shaking off earlier bouts of weakness and trading higher.
The Nasdaq Composite was up 25 points, or 0.1%, at around 19,306, joining the Dow Jones Industrial Average and the S&P 500 in the green.
Investors have been trying to extrapolate what an as-expected consumer-price index inflation report for October may mean for the prospects of a December interest-rate cut by the Federal Reserve,
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Read MoreStock market today: Dow, S&P 500 rise while Nasdaq lags as inflation print keeps Fed rate cut on track
New data out Wednesday showed the “core” Consumer Price Index (CPI) increased 3.3% in the month of October, in line with Wall Street’s expectations.
Immediately following Wednesday’s release, markets continued to price in another 25 basis point rate cut in December after the central bank cut rates by that amount last week.
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Read MoreWarren Buffett and Other Super Investors Just Bought These Stocks
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Read MoreThe Burst
Market Commentary: 1 Warren Buffett Stock to Go Nuts Over
When it comes to rewarding shareholders, Warren Buffett is a maestro. His behemoth of an investment firm, Berkshire Hathaway, manages over $380 billion in investments, mostly in companies with burgeoning dividends.
Read MoreThe Ivy
Market Commentary: 1 Easy Way To Get Lots Of Extra Income
The S&P 500 has been on a monumental run over the past few months, climbing from near 4,100 last October to almost 5,000 more recently.
It’s a tough time for bulls and bears after such a sharp run up in a narrow time window. The options are to short the market at your peril or go long the market and risk a big drawdown.
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Read MoreThe Spotlight
320 Million Reasons To Buy This Gaming Company
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