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US stocks continue the run to the upside

The major US stock indices are moving higher in early US trading after the CPI data came in a little softer than expectations. That should keep the Fed on hold for the 1st time after 10 consecutive hikes saw the central bank raise rates by 5 or base point from 0.25% to 5.25%. The Federal Reserve will announce a decision tomorrow at 2 PM ET.Looking at the major indices:Dow Industrial Average is trading up 183.64 points or 0.54% at 34249.98S&P index is up 28.28 points or 0.65% at 4367.14NASDAQ ind... Read More

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Posted: Jun 13 2023, 13:42

Author Name: forexlive

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