⚡Crypto Alert : Altcoins are up 28% in just last month! Unlock gains and start trading now - Click Here

Prepare for a Strong Market Today after Stocks Closed High Yesterday

After the US Consumer Price Index report was released yesterday, the stock market jumped with heavy trading that may continue through the rest of the week.

US stock markets are feeling nervous today

All three major stock market indices were up when the market closed on Wednesday, with the Nasdaq Composite leading the way with an impressive 1.40% gain. The S&P 500 trailed behind with a 1.17% increase, and the Dow Jones came in third with a 0.88% gain.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>


The CPI report indicated that inflation was pulling back slightly as consumer prices were not quite as high as expected. That is great news for the stock market, which saw lots of trading by more confident investors.

For the first time, the S&P 500 closed higher than 5,300 and the Dow Jones jumped by 349 points. These are the kinds of numbers that should give the market lots of momentum moving forward, making for a busy couple of days as the week closes out.

The CPI numbers were only marginally positive, but that was all it took for the market to explode and reach incredible highs, which demonstrates that traders are eager for some kind of positive news and are willing to trade on even a slightly positive note.

Long Term Investments to Watch

Several major companies had muted earning reports that showed good revenue increases but bleak forecasts. Walmart (WMT) is one of those that saw only minor stock movement off of its quarterly earnings report recently as the company is committed to major investments that may pan out in the future.

Netflix (NFLX) had a tough quarterly report reception as well, since the company is investing so much in new products and is not expecting massive subscriber growth in the near future.

Tesla (TSLA) saw sales drop and had to cut jobs as a result. The company has some interesting new products coming out over the next year or so, but their stock has dropped considerably in recent weeks due to a poor profit showing.

All three of these stocks have been great earners in the past and could prove very resilient over the rest of the year. We would advise watching them closely for indications that their major investments are paying off and that the stocks may shoot up unexpectedly before the end of the year.





Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Timothy St. John
Timothy St. John
Financial Writer - European & US Desks
Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.
Related Articles