FabioTgufo @FabioTgufo: "Market Performance: $DIA.US rose..."

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Market Performance: $DIA.US rose 654 points to 40,589.34. $SPX500 gained 1.11%, closing at 5,459.10. $MMM (3M) shares soared nearly 23% to $127.16 after positive quarterly earnings under new CEO Bill Brown, boosting its full-year outlook. Inflation Report: The Fed's preferred inflation gauge, the PCE Price Index, indicated core prices rose at an annual rate of 2.6%, matching the previous month and exceeding Wall Street's forecast of 2.5%. USA Economic Outlook: Economists and analysts expressed optimism about a potential "soft landing" for the economy, with low unemployment, rising wages, and decelerating inflation. Upcoming Earnings: $MCD (McDonald's) is expected to report earnings, with a focus on its $5 meal deal's impact on sales. $ON (ON Semiconductor Corp) and $PHG (Koninklijke Philips NV) are also anticipated to release earnings, with analysts looking at cost-cutting measures and impacts of product recalls. Tesla's Status: $TSLA (Tesla Motors, Inc.) shares are slightly up but remain on track for a weekly decline despite positive commentary on its AI and robotics potential from Morgan Stanley. SEC Action: The SEC is suing short seller Andrew Left and Citron Capital for alleged market manipulation. Credit: from TheStreet, authored by Martin Baccardax.

7 Mentioned Show all

DIA.US

SPDR Dow Jones Industrial Average ETF Trust

SPX500

MMM

MCD

McDonald's

ON Semiconductor Corp

PHG

Koninklijke Philips NV

TSLA

Tesla Motors, Inc.