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- Jul 26the Stock Market Update - Inflation eases and stock end the week on the high
Jul 26the Stock Market Update - Inflation eases and stock end the week on the high
$ONON $INTC $GRWE
Mukund Mohan
July 26, 2024
JMarket
“PCE Personal Consumption Index rose 0.1% in June, up 2.5% from a year ago, in line with expectations, increasing the odds of a rate cut sooner (Q3) ” 😊 😋
Markets moved higher on benign inflation expectations
The markets soared with the Dow going up 650 points, with a solid green day across all sectors. While the news was good, the market indices all ended this week down between 0.05% to 3% lower.
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