The First Slice for Wednesday, March 13, 2024

The First Slice for Wednesday, March 13, 2024

The First Slice for Wednesday, March 13, 2024

Recently, the U.S. inflation report came in hotter than what economists predicted but wasn’t as alarming as many investors feared. This news actually gave the stock market a nice boost. The Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 all climbed up, with the S&P 500 hitting its 17th record high of 2024. Pretty impressive, right?

Despite the rise in consumer prices by 3.2% in February compared to last year, investors are still hopeful. They believe the Federal Reserve might cut interest rates later this year, making it cheaper for businesses to borrow money and potentially giving the stock market another push.

In the stock market, tech companies and big names like Nvidia and Oracle showed significant gains. Nvidia soared due to the high demand for artificial intelligence, while Oracle’s earnings exceeded expectations, leading to a jump in its share price. However, not all was rosy. Southwest Airlines faced a drop in its stock price due to issues with aircraft deliveries from Boeing.

Looking ahead, Dollar Tree and Dollar General are set to report their earnings, which could reveal how lower-income Americans are handling the current economic pressures. Also, keep an eye out for the Labor Department’s producer-price index, another important measure of inflation.

Investors are increasingly optimistic that the U.S. can dodge a recession as it wraps up its battle with inflation. This positive vibe is spreading beyond just the big tech firms and into smaller companies, as seen in the performance of the equal-weighted S&P 500 and the Russell 2000 index.

Lastly, for all you cryptocurrency enthusiasts, Bitcoin was trading around $71,395, just a tad down from its all-time high…………First-Slice-e1700879991202 The First Slice for Wednesday, March 13, 2024[read more]

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stonestreetcoffee.com ☕️ **Discover Stone Street Coffee Company - Your Coffee Haven!** Today's Dough readers, if you're on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today's Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street's commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

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