Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

U.S. Stocks Rise as Investors Await August Inflation Reading

Stock Markets Sep 12, 2022 10:15AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
US500
+3.06%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DJI
+2.80%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DIS
+4.44%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
BMY
+0.96%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
LCO
-0.25%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
CL
-0.40%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Liz Moyer

Investing.com -- U.S. stocks rose to start the week as investors awaited Tuesday’s report on inflation.

At 10:38 ET (14:38 GMT) the Dow Jones Industrial Average rose 286 points, or 0.9%, while the S&P 500 was up 1.1% and the NASDAQ Composite was up 1.2%.

Stocks have wobbled this month as investors look forward to the Federal Reserve’s meeting, when policymakers are expected to raise their benchmark rate by another 0.75 percentage point.

Tomorrow’s inflation report for August could show prices stayed the same from July, as gasoline prices have fallen from their June high, taking pressure off consumer pocketbooks. The question is whether the report will be enough to convince the Fed that inflation is heading in the right direction.

A softer reading may revive hope that the Fed will pare its interest rate increases to a half point. Stocks rallied last week on dip buying after a slump that was triggered by inflation concerns. The consumer price index for August is expected to rise at an 8.1% annual pace compared with 8.5% in July. Taking out energy and food, core CPI is expected to rise 6.1%, compared with 5.9% in July.

Walt Disney (NYSE:DIS) stock rose 0.8% after activist hedge fund manager Daniel Loeb backed the board's plans to keep sports network ESPN.

Bristol-Myers Squibb (NYSE:BMY) stock rose 5% after the Food and Drug Administration approved its oral treatment for plaque psoriasis in adults.

Oil rose. Crude Oil WTI Futures was up 2%, to $88.64 a barrel, while Brent Oil Futures crude was up 2% to $94.75 a barrel. Gold rose 0.6% to $1738 an ounce.

U.S. Stocks Rise as Investors Await August Inflation Reading
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (8)
Ahmed Taylor
Ahmed Taylor Sep 12, 2022 9:44PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
even Jimmy Carter had a stock market
First Last
First Last Sep 12, 2022 1:26PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
By Stan's expansive definition, if you deposit cash into your bank account, you're pumping stocks.
Tom Scurlock
Tom Scurlock Sep 12, 2022 11:53AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Stocks Rize but VIX is at + .80 What does that let you. The fix is in by the end of the day. Just typical manipulation of the markets.
First Last
First Last Sep 12, 2022 11:53AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
VIX is in the 20s
Marko Femić
Marko Femić Sep 12, 2022 11:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Buy, buy, buy, last chanse, last chanse and let's open the exit door for the big players. Same ******every week. The poor man becomes a fool, the rich man always sees into the future.
Dennis Wozny
Dennis Wozny Sep 12, 2022 11:41AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Earmarks of Bull Trap
Stan Smith
Stan Smith Sep 12, 2022 10:41AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
As we all know, the FED pumps Stocks before bad news to neutralize any losses
Adrian White
Adrian White Sep 12, 2022 10:41AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
"As we all know..."? How exactly do you think the Fed "pumps stocks", Stan? They only buy bonds and gold bullion, not stocks.
Stan Smith
Stan Smith Sep 12, 2022 10:41AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Adrian White  Honestly, what planet are you from? Have you heard of MMT. ..That includes stocks as well: "The Fed uses open market operations to buy or sell securities to banks. When the Fed buys securities, they give banks more money to hold as reserves on their balance sheet. When the Fed sells securities, they take money from banks and reduce the money supply. Get it now!!
Royce Murph
Royce Murph Sep 12, 2022 10:41AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Bull trap.  Quad Witching Friday 9/16
Casador Del Oso
Casador Del Oso Sep 12, 2022 10:36AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Stocks up on low volume? Is that sustainable?
Kris Jay
Kris Jay Sep 12, 2022 10:36AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
no.
First Last
First Last Sep 12, 2022 10:36AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Up on low volume is usual.
G D
G D Sep 12, 2022 10:36AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Retail investors
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email