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US stocks open higher. Nasdaq looks toward 100 day MA
The major US stock indices are opening higher after the tamer than inflation PPI data. That is good news for the inflation view, but inflation still has a ways to go. We will see, but the moves in the CPI and now PPI, are in the right direction for stock buyers.
Nevertheless, the declines from yesterday have reversed and then some. The Nasdaq is back to leading the way (it was the weakest of the major indices yesterday). The Nasdaq index is also approaching a key technical target. Read More
Posted: Nov 15 2022, 14:38
Author Name: forexlive
Views: 110654