$%0$$$$123i$12340004132

Thursday,
September 12, 2024

Market recap

Dow Jones

40,861.71

+124.75 (+0.31%)

S&P 500

5,554.13

+58.61 (+1.07%)

Nasdaq

17,395.53

+369.65 (+2.17%)

Amazon

$184.52

+$4.97 (+2.77%)

NVIDIA

$116.91

+$8.81 (+8.15%)

First Solar

$239.84

+$31.62 (+15.19%)

text

Top Story

The gender wage gap widened last year

For the first time in 20 years, the gender wage gap increased. At the same time, American households also got an overall raise. Here’s what happened.

Read more >>


text

US stocks finished higher on Wednesday

•   The market reversed from an initial decline as investors digested inflation data.

•   Consumer price inflation rose 2.5% year-over-year in August, the smallest advance since February 2021.

•   Shares of First Solar soared following the U.S. presidential debate, where solar power was a topic of discussion.

Here’s what to be on the lookout for today

•   Wholesale inflation for August.

•   We’ll also get the weekly update to first-time unemployment claims.

•   In earnings, Adobe and Kroger will report.

What another month of cooling inflation means for the Fed

The latest look at consumer price inflation showed that the pace of price increases came down again in August, perhaps allowing Americans to breathe a sigh of relief.

That said, not all parts of the data were showing the same trend. Core inflation, which strips out the more volatile food and energy components, came in hotter than expected. In the past, when inflation numbers were some of the key drivers of market action and sentiment, this could have spooked people. But times have changed, our investment strategy team wrote in this week’s column.

“Inflation has been demoted,” said Senior Analyst Mario Ismailanji, as the focus shifted to the labor market over the past months.

So then, how should investors look at this inflation report? Here’s how to think about the data.


text

Today’s top stories

Is this recession indicator still working?

Investors have been watching the “yield curve” for literal years at this point. And no matter which way things are going, it seems to signal a recession ahead. Is it still a useful market indicator?

Read more >>

How to recover from work burnout

There are plenty of tips on how to avoid burnout, but what if you’re already there?

Read more >>

There are many different ways to invest in commodities

Here’s what to consider when building out your investment strategy.

Read more >>

Other news that caught our eye

Financial planner tip of the day

"When figuring out how to become financially independent, it can behoove individuals to invest early and often. Even if it’s only $25 or $50 per month, small amounts can add up. By investing earlier than later, money has more time to grow and for interest to compound."

Brian Walsh, CFP® at SoFi

TLS 1.2 Encrypted
Equal Housing Lender