πMarket Marvels on Thursday!
π’ Dow does a happy dance, rocketing up 332 points to 34,907! Nasdaq leaps up 112 to 13,926, and S&P 500 dashes up by 38 to 4,505. Not to be left behind, Russell 2000 races ahead with a 24-point surge.
π Armβs stellar IPO is the star of the day! Zooming up by 25% to a whopping $63.59 on debut, it sprinkles fairy dust on the whole market.
π§ Art Hogan of B. Riley says, βArm's grand debut? A shot of espresso for our market spirits after an 18-month lull!β
π By midday:
- Dow basks at 34,816.94, up 241.41
- S&P 500 flutters to 4,495.92, up by 28.48
- Nasdaq continues its merry jig, hopping up 90.08 points to 13,903.67.
π The economic plot thickens: US seems unstoppable with robust data signaling a soft Federal Reserve landing. But Mickey Levy throws a hint: "The inflation chase? Quite the Fed's tightrope walk!"
π Morning surprise:
- Dow warms up 162.66 to 34,738.19
- S&P 500 sees a sunrise boost, +22.27 to 4,489.71
- Nasdaq's morning stretch? A cool 60.70-point climb to 13,874.29.
π Zooming in on the numbers:
- Producer prices? Theyβre up, with a zesty 1.6% annual hike in August!
- Jobs? Still the market's strong arm. Though jobless claims ticked up a smidgen, itβs less than the whispers said.
- Consumers? Shopping bags out! August sales jump 0.6%.
π On the flip side, RTX dives 2.5% to $73.67 after BofA plays the grinch, slashing their outlook.
π Early birds got the news: US stocks, prepped to soar, eyeing the fresh economic buffet. And in the far East? China's banking tweak sprinkles some cheer on European stocks.
Hold tight! More market rollercoasters ahead! π‘
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This is made for entertainment purposes only. This is no financial advice.