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Barchart
Barchart
Rich Asplund

Stocks Climb on Strength in Consumer Spending and Tame Inflation

SP United States Inflation Nasdaq Donald Trump US Federal Reserve ECB Jeffries the Wall Street Journal Tom Barkin

The S&P 500 Index ($SPX) (SPY) today is up +0.56%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.81%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.28%.  December E-mini S&P futures (ESZ25) are up +0.53%, and December E-mini Nasdaq futures (NQZ25) are up +0.24%.

Stock indexes are moving higher today as consumer spending strengthens and core inflation remains tame.  Today's report on Aug personal spending rose more than expected at the strongest pace in five months.  Also, today's report on the Aug core PCE price index, the Fed's preferred gauge of inflation, came in right on expectations, which could allow the Fed to continue lowering interest rates. 

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