US Stocks Surge in Anticipation of Inflation Data; Global Markets Mixed as Robinhood Markets, Trump Media & Technology Group, and Merck Experience Notable Gains

US stocks surge before release of inflation data in today’s world markets

On Wednesday, US stocks experienced a surge in anticipation of upcoming inflation data. The US core personal consumption expenditure (PCE) price index for February is particularly important to investors, as it could provide insights into future interest rate cuts by the Federal Reserve. By 9:40 a.m. Eastern time, the Dow Jones Industrial Average had risen by 307 points (0.8%), the S&P 500 by 0.6%, and the Nasdaq composite by 0.3%. Additionally, shares of Trump Media & Technology Group saw an 18.6% increase, while Merck saw a 4.9% climb following federal approval of its Winrevair treatment.

Robinhood Markets also saw a 3.5% surge after introducing its first credit card. The yield on the 10-year Treasury slightly decreased to 4.22%, and European stock markets mostly showed positive movements as well, despite Asian stock markets reporting declines. Hong Kong’s Hang Seng Index dropped by 1.4%, China’s Shanghai Composite shedded 1.3%, and Japan’s Nikkei 225 rose by 0.9%. The Japanese yen hit a 34-year low against the US dollar, and Brent crude futures for May dropped by 0.7% to $85.66 a barrel on Wednesday afternoon’s trading activity reflected a mix of positive and negative movements across various markets, indicating a complex economic landscape that investors were navigating with caution

On Wednesday, US stocks experienced a surge in anticipation of upcoming inflation data. The US core personal consumption expenditure (PCE) price index for February is particularly important to investors, as it could provide insights into future interest rate cuts by the Federal Reserve. By 9:40 a.m. Eastern time, the Dow Jones Industrial Average had risen…

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