Here are the most important news items that investors need to start their trading day:
1. Wall Street rallies
The Dow Jones Industrial Average saw its best day in more than a month on Thursday. Traders were cheering a successful major IPO and a decent batch of economic data. The Dow rose 331.58 points, or 0.96%, and closed above its 50-day moving average for the first time since Sept. 1. The S&P 500 rose about 0.84% while the Nasdaq Composite was 0.81% higher. In economic news, the headline producer price index rose 0.7% in August, stronger than economists’ expectations of 0.4%. However, the core PPI increased by 0.2%, in line with estimates. Stock futures were ticking higher Friday morning. Follow live market updates.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.