Broader US indices are opening higher | Forexlive
Major US indices are trading higher with the NASDAQ and S&P both at record levels. Dow industrial average is the laggard with 19 of the 30 stocks lower.
Nvidia shares are higher by $7.81 or 4.81% at $172. The high price reached $172.26.
The U.S. government will again allow Nvidia to ship powerful AI chips to China in a key reversal.
The likes of J.P. Morgan and Citigroup announced the earnings today ahead of the opening which were better than expectations at Wells Fargo and BlackRock also be expectations handily. Despite the better earnings, the shares are still lower.
- BlackRock -6.08%
- Wells Fargo -4.93%
- J.P. Morgan -0.80%
- Citigroup is the lone wolf with a gain of 0.77%
The US CPI data came near/lower than expectations.
Digging into the data showed the start of the impact from tariffs. More specifically, “goods CPI” marked the fastest monthly rise in two years with a gain 0.7%. That rise implies a 0.35% gain in core PCE according to Pantheon Macroeconomics.
The PPI data tomorrow will be an influence on that estimate but initial bias is to the upside.
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