Opening: Dow Jones for the day 13.06.2023

BY - MONEY MATTERS

US stocks take an upward trajectory following a hopeful inflation data report.

Pre-Market Snapshot

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Prominent indices like the Dow Jones, S&P 500, and Nasdaq Composite saw noticeable gain

Stock-index future

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The CPI increased 0.1% in May, resulting in a year-over-year inflation rate of 4%, the lowest since March 2021

The Driving Force: Consumer Price Index (CPI)

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From food items to bakery products, inflation trends vary across categories

Inflation Trend of Various Good

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Core inflation rate, excluding food and energy, rose 0.4%. This plays a role in shaping the Federal Reserve's policy decisions.

Core Rate of Inflation: What Does It Indicate?

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With declining price pressures, the Federal Reserve may keep interest rates steady, further supporting the stock market

The Federal Reserve's Stand Amid Easing Inflation

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China's eased monetary policy lifted US stock-index futures, hinting at more stimuli.

Global Influence: China's Monetary Policy Ease

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Shares of Tesla have seen remarkable growth over the past three months, sparking bullishness.

Market Darlings: Surging Price

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A strong earnings season in mid-July could confirm if the recent stock market rally will sustain

Looking Forward: The Earnings Season

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Major companies like Oracle, Apple, and Home Depot have been in the spotlight, experiencing various stock price movement

Companies in Focus: Ups and Down

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