{"id":107687,"date":"2024-09-27T23:01:52","date_gmt":"2024-09-27T16:01:52","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=107687"},"modified":"2024-09-27T23:01:52","modified_gmt":"2024-09-27T16:01:52","slug":"dow-gains-as-feds-favored-inflation-gauge-cools","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=107687","title":{"rendered":"Dow gains as Fed&#8217;s favored inflation gauge cools"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>Stocks traded mixed on Friday as investors embraced an inflation report seen as crucial to the Federal Reserve&#8217;s next decision on interest rate cuts.<\/p>\n<p>The S&amp;P 500 (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/%5EGSPC\" data-ylk=\"slk:^GSPC;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">^GSPC<\/a>) ticked just above the flatline after <a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/live\/stock-market-today-sp-500-clinches-fresh-record-amid-gdp-data-chip-stock-gains-200242008.html\" data-ylk=\"slk:eking out a third record-high close;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">eking out a third record-high close<\/a> this week. The Dow Jones Industrial Average (<a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/%5EDJI\" data-ylk=\"slk:^DJI;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">^DJI<\/a>) gained 0.9%, while the tech-heavy Nasdaq Composite (<a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/%5EIXIC\" data-ylk=\"slk:^IXIC;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">^IXIC<\/a>) sank 0.3%.<\/p>\n<p>The <a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/feds-preferred-inflation-gauge-shows-prices-increased-less-than-wall-street-expected-in-august-123312217.html\" data-ylk=\"slk:August reading of the Personal Consumption Expenditures (PCE) index;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">August reading of the Personal Consumption Expenditures (PCE) index<\/a>, the inflation metric favored by the Fed, showed continued cooling in price pressures. The &#8220;core&#8221; PCE index, which is most closely watched by policymakers, rose 0.1% month over month, lower than Wall Street forecasts.<\/p>\n<p>The PCE reading appeared to goose up bets on another jumbo-sized rate cut from the Fed next month. More than half of traders \u2014 around 52% \u2014 <a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:now expect;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">now expect<\/a> a 50 basis point cut.<\/p>\n<p><em>Read more: <\/em><a data-i13n=\"cpos:7;pos:1\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/what-a-fed-rate-cut-would-mean-for-bank-accounts-cds-loans-and-credit-cards-183320880.html\" data-ylk=\"slk:What the Fed rate cut means for bank accounts, CDs, loans, and credit cards;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\"><em>What the Fed rate cut means for bank accounts, CDs, loans, and credit cards<\/em><\/a><\/p>\n<p>The stock gauges are on track for weekly wins after confidence in the economy returned to the market. <a data-i13n=\"cpos:8;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/gdp-us-economy-grows-at-3-annualized-pace-in-second-quarter-123353258.html\" data-ylk=\"slk:A solid GDP reading;cpos:8;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">A solid GDP reading<\/a>, combined with continued cooling in inflation, has cemented growing conviction that the Fed can nail a &#8220;soft landing&#8221; as it embarks on a rate-cutting campaign.<\/p>\n<p>Elsewhere, China <a data-i13n=\"cpos:9;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/china-cuts-key-rate-frees-002705385.html\" data-ylk=\"slk:added to its stream of stimulus;cpos:9;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">added to its stream of stimulus<\/a> measures, boosting markets once again. Mainland stocks <a data-i13n=\"cpos:10;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/china-stocks-climb-fiscal-stimulus-020214469.html\" data-ylk=\"slk:scored their biggest weekly win;cpos:10;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">scored their biggest weekly win<\/a> since 2008, and <a data-i13n=\"cpos:11;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/luxury-stocks-set-best-week-093750310.html\" data-ylk=\"slk:luxury stocks are set;cpos:11;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">luxury stocks are set<\/a> for their best week in years as hopes for Chinese demand rise. Meanwhile, shares of Alibaba (<a data-i13n=\"cpos:12;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/BABA\" data-ylk=\"slk:BABA;cpos:12;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">BABA<\/a>, <a data-i13n=\"cpos:13;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/9988.HK\" data-ylk=\"slk:9988.HK;cpos:13;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">9988.HK<\/a>), JD.com (<a data-i13n=\"cpos:14;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/JD\" data-ylk=\"slk:JD;cpos:14;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">JD<\/a>, <a data-i13n=\"cpos:15;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/9618.HK\" data-ylk=\"slk:9618.HK;cpos:15;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">9618.HK<\/a>), and Meituan (<a data-i13n=\"cpos:16;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/3690.HK\" data-ylk=\"slk:3690.HK;cpos:16;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">3690.HK<\/a>, <a data-i13n=\"cpos:17;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/MPNGY\" data-ylk=\"slk:MPNGY;cpos:17;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">MPNGY<\/a>) <a data-i13n=\"cpos:18;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/alibaba-jd-meituan-surge-china-061103534.html\" data-ylk=\"slk:surged amid the buying spree;cpos:18;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">surged amid the buying spree<\/a>.<\/p>\n<p>In other individual stock moves, Costco (<a data-i13n=\"cpos:19;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/COST\" data-ylk=\"slk:COST;cpos:19;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">COST<\/a>) <a data-i13n=\"cpos:20;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/costco-earnings-revenue-misses-stock-slips-130009969.html\" data-ylk=\"slk:stock slipped;cpos:20;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">stock slipped<\/a> in afternoon trading after the wholesale giant&#8217;s revenue disappointed Wall Street.<\/p>\n<div class=\"caas-liveblog\" data-id=\"ac927749-3e8e-4fbd-9b86-833600707c2f\" data-count=\"20\" data-polling-enabled=\"1\" data-maxfailureallowed=\"3\" data-postid-first=\"d823a1c0-ac6c-470a-aa09-fc8b0dea942f\" data-postid-last=\"923490f1-b628-4a68-ac2d-491893145a43\" data-pagination-first-uuid=\"d823a1c0-ac6c-470a-aa09-fc8b0dea942f\" data-pagination-last-uuid=\"923490f1-b628-4a68-ac2d-491893145a43\" data-refresh-delay=\"60000\" data-share-post-enabled=\"0\" data-share-url=\"https:\/\/finance.yahoo.com\/news\/live\/stock-market-today-dow-gains-as-feds-favored-inflation-gauge-cools-133048271.html\" data-fetchby=\"older\" data-imagelightboxminimumwidth=\"700\" data-site=\"finance\" data-appid=\"finance_web\" data-region=\"US\" data-article-uuid=\"51287862-3d17-4c43-945c-d448d1a20826\">\n<p><span class=\"caas-live-blog-section-badge isLive\" data-islive=\"1\">Live<\/span><span class=\"caas-live-blog-section-badge-count\">6 updates<\/span><\/p>\n<ul class=\"caas-liveblog-list\">\n<li class=\"caas-liveblogpost\" data-id=\"d823a1c0-ac6c-470a-aa09-fc8b0dea942f\" id=\"d823a1c0-ac6c-470a-aa09-fc8b0dea942f\" data-lmt=\"{\" utc=\"\" sep=\"\" gmt=\"\" september=\"\" at=\"\" am=\"\" mst=\"\">\n<div class=\"liveblogposts-post\">\n<div class=\"post\">\n<div class=\"timeline-point  with-author-name\"><img decoding=\"async\" class=\"avatar\" src=\"https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2023-07\/5215e8a0-2bd5-11ee-bdbf-d7e9ac85e8c4\"\/><\/div>\n<div class=\"timestamp-byline\"><time class=\"timestamp-most-recent liveblogpost-relative-time\" data-timestamp=\"1727452724000\">Fri, September 27, 2024 at 8:58 AM MST<\/time><\/div>\n<\/div>\n<div class=\"content-wrapper  with-author-name\">\n<div class=\"content-body\">\n<div class=\"content-block  with-author-name\">\n<h2 class=\"headline\">Stocks trending on Friday <\/h2>\n<div class=\"body\">\n<p>Here are some of the stocks leading Yahoo Finance\u2019s <a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/trending-tickers\" data-ylk=\"slk:trending tickers;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">trending tickers<\/a> page during morning trading on Friday:<\/p>\n<p><strong>Costco (<\/strong><a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/COST\" data-ylk=\"slk:COST;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><strong>COST<\/strong><\/a><strong>):<\/strong> Shares of the warehouse retailer sank more than 1% Friday morning after the company posted a mixed fourth-quarter earnings report. Revenue came in at $79.70 billion, falling slightly below the expected $79.96 billion. Meanwhile, US comparable sales, ex-gasoline and currency impacts, were better than analysts were expecting.<\/p>\n<p><strong>Cassava Sciences (<\/strong><a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/SAVA\" data-ylk=\"slk:SAVA;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><strong>SAVA<\/strong><\/a><strong>): <\/strong>Shares of the biopharmaceutical company fell more than 10% after r<a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/www.aol.com\/sec-charges-cassava-sciences-over-142803598.html\" data-ylk=\"slk:eaching a settlement with the US Securities and Exchange Commission;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">eaching a settlement with the US Securities and Exchange Commission<\/a> over allegations that it advanced misleading claims about an Alzheimer\u2019s clinical trial. The settlement amounts to over over $40 million<\/p>\n<p><strong>Bristol Myers Squibb (<\/strong><a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/BMY\" data-ylk=\"slk:BMY;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><strong>BMY<\/strong><\/a><strong>)<\/strong>: The pharmaceutical company rose 3% <a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/finance.yahoo.com\/video\/fda-approves-bristol-myers-squibb-150040355.html\" data-ylk=\"slk:following news that the FDA approved its schizophrenia drug;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">following news that the FDA approved its schizophrenia drug<\/a>, making it the first new drug-related approach for patients of the disease in 30 years.<\/p>\n<p><strong>Acadia (<\/strong><a data-i13n=\"cpos:7;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/ACHC\" data-ylk=\"slk:ACHC;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><strong>ACHC<\/strong><\/a><strong>):<\/strong> Shares of the behavioral health facilities chain fell roughly 18% Friday <a data-i13n=\"cpos:8;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/federal-investigations-continue-psychiatric-hospital-141018267.html\" data-ylk=\"slk:after settling with the US Justice Department;cpos:8;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">after settling with the US Justice Department<\/a> to resolve allegations it knowingly billed patients for medically unnecessary inpatient behavioral health services. The agreed to pay nearly $20 million.<\/p>\n<p>\u00a0<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<li class=\"caas-liveblogpost\" data-id=\"d1e9f78e-61e0-4c77-8f6a-705c73a960be\" id=\"d1e9f78e-61e0-4c77-8f6a-705c73a960be\" data-lmt=\"{\" utc=\"\" sep=\"\" gmt=\"\" september=\"\" at=\"\" am=\"\" mst=\"\">\n<div class=\"liveblogposts-post\">\n<div class=\"post\">\n<div class=\"timeline-point  with-author-name\"><img decoding=\"async\" class=\"avatar\" src=\"https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2023-07\/5215e8a0-2bd5-11ee-bdbf-d7e9ac85e8c4\"\/><\/div>\n<div class=\"timestamp-byline\"><time class=\"timestamp-most-recent liveblogpost-relative-time\" data-timestamp=\"1727449870000\">Fri, September 27, 2024 at 8:11 AM MST<\/time><\/div>\n<\/div>\n<div class=\"content-wrapper  with-author-name\">\n<div class=\"content-body\">\n<div class=\"content-block  with-author-name\">\n<h2 class=\"headline\">Market bets rise for another jumbo rate cut <\/h2>\n<div class=\"body\">\n<p>The latest encouraging reading of the Fed&#8217;s preferred inflation gauge has shifted market forecasts for the likelihood of another 50-basis-point interest-rate cut.<\/p>\n<p>On Friday, the Personal Consumption Expenditures (PCE) index showed that prices in August increased at a slower pace than expected on a monthly basis. That impacted the debate over the Fed&#8217;s next policy rate decision, as central bankers move forward on winding down their tightening cycle.<\/p>\n<p>After Friday&#8217;s inflation release, investors were pricing in a 54% chance of a 50-basis-point rate cut at the Fed&#8217;s November policy meeting. That compares with the 50% chance seen a week ago,<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:per the CME FedWatch Tool.;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"> per the CME FedWatch Tool.<\/a><\/p>\n<p>If inflation continues to show signs of easing, that will likely pressure Fed officials to accelerate their plans to bring interest rates down, since elevated rates threaten the labor market and may lead to an economic slowdown that officials have thus far avoided.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<li class=\"caas-liveblogpost\" data-id=\"1088a684-ddd2-4738-afbe-34c0468c0a34\" id=\"1088a684-ddd2-4738-afbe-34c0468c0a34\" data-lmt=\"{\" utc=\"\" sep=\"\" gmt=\"\" september=\"\" at=\"\" am=\"\" mst=\"\">\n<div class=\"liveblogposts-post\">\n<div class=\"post\">\n<div class=\"timeline-point  with-author-name\"><img decoding=\"async\" class=\"avatar\" src=\"https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2023-07\/5215e8a0-2bd5-11ee-bdbf-d7e9ac85e8c4\"\/><\/div>\n<div class=\"timestamp-byline\"><time class=\"timestamp-most-recent liveblogpost-relative-time\" data-timestamp=\"1727446679000\">Fri, September 27, 2024 at 7:17 AM MST<\/time><\/div>\n<\/div>\n<div class=\"content-wrapper  with-author-name\">\n<div class=\"content-body\">\n<div class=\"content-block  with-author-name\">\n<h2 class=\"headline\">Costco&#8217;s stock slips, but its gold bars are selling like hot cakes<\/h2>\n<div class=\"body\">\n<p>Costco (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/COST\" data-ylk=\"slk:COST;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">COST<\/a>) is slinging a lot of gold bars as prices for the precious metal continue to surge, report Yahoo Finance&#8217;s <a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/www.yahoo.com\/author\/brooke-dipalma\/\" data-ylk=\"slk:Brooke DiPalma;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Brooke DiPalma<\/a> and <a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/www.yahoo.com\/author\/brian-sozzi\/\" data-ylk=\"slk:Brian Sozzi;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Brian Sozzi<\/a>.<\/p>\n<p>Sales of gold were up &#8220;double digits&#8221; in the most recent quarter, the wholesale giant&#8217;s CFO Gary Millerchip told analysts on an earnings call Thursday evening. Millerchip added that gold was a &#8220;meaningful tailwind&#8221; to e-commerce sales in the quarter.<\/p>\n<p>Costco began selling gold bars in the fall of 2023. Wells Fargo analysts have <a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/abcnews.go.com\/GMA\/Living\/costco-makes-hundreds-millions-24-karat-gold-bar\/story?id=109131981\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:estimated;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">estimated<\/a> the company is moving bars worth $100 million to $200 million each month.<\/p>\n<p>On <a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/www.costco.com\/1-oz-gold-bar-pamp-suisse-lady-fortuna-veriscan-new-in-assay.product.4000186760.html\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:its website;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">its website<\/a>, Costco sells its 1 oz gold bar for $2,679.99. You have to be a member to buy the bullion. It&#8217;s also non-refundable, and there&#8217;s a limit of five total units per membership.<\/p>\n<p>Despite the hefty sales of gold, Costco&#8217;s bread and butter is still hawking products like, well, bread and butter to cost-conscious shoppers.<\/p>\n<p><a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/costco-earnings-revenue-misses-stock-slips-130009969.html\" data-ylk=\"slk:Its fiscal fourth quarter, same-store sales growth;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">Its fiscal fourth quarter, same-store sales growth<\/a> came in at 6.9%, compared with estimates of 6.4% on Wall Street. E-commerce sales jumped 19.5%, slightly lower than the 19.63% growth rate analysts projected.<\/p>\n<p><a data-i13n=\"cpos:7;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/costco-still-selling-gold-bars-like-hot-cakes-as-prices-surge-121843061.html\" data-ylk=\"slk:Read more here;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">Read more here<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<li class=\"caas-liveblogpost\" data-id=\"92eb2356-3ec2-4085-9482-7d4affef6c70\" id=\"92eb2356-3ec2-4085-9482-7d4affef6c70\" data-lmt=\"{\" utc=\"\" sep=\"\" gmt=\"\" september=\"\" at=\"\" am=\"\" mst=\"\">\n<div class=\"liveblogposts-post\">\n<div class=\"post\">\n<div class=\"timeline-point  with-author-name\"><img decoding=\"async\" class=\"avatar\" src=\"https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2023-07\/5215e8a0-2bd5-11ee-bdbf-d7e9ac85e8c4\"\/><\/div>\n<div class=\"timestamp-byline\"><time class=\"timestamp-most-recent liveblogpost-relative-time\" data-timestamp=\"1727444020000\">Fri, September 27, 2024 at 6:33 AM MST<\/time><\/div>\n<\/div>\n<div class=\"content-wrapper  with-author-name\">\n<div class=\"content-body\">\n<div class=\"content-block  with-author-name\">\n<h2 class=\"headline\">Stocks open higher as inflation measure shows more cooling<\/h2>\n<div class=\"body\">\n<p>Stocks continued to build positive momentum on Friday morning as investors welcomed another update that showed price pressures easing. The encouraging inflation report spurred market expectations that the Federal Reserve may make another jumbo rate cut at its next policy meeting in November.<\/p>\n<p>The S&amp;P 500 (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/%5EGSPC\" data-ylk=\"slk:^GSPC;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">^GSPC<\/a>) rose 0.1% after <a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/live\/stock-market-today-sp-500-clinches-fresh-record-amid-gdp-data-chip-stock-gains-200242008.html\" data-ylk=\"slk:eking out a third record-high close;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">eking out a third record-high close<\/a> this week. The Dow Jones Industrial Average (<a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/%5EDJI\" data-ylk=\"slk:^DJI;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">^DJI<\/a>) and the tech-heavy Nasdaq Composite (<a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/%5EIXIC\" data-ylk=\"slk:^IXIC;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">^IXIC<\/a>) each gained around 0.2%.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<li class=\"caas-liveblogpost\" data-id=\"96a22a70-843e-4a30-a990-7ec136887f0e\" id=\"96a22a70-843e-4a30-a990-7ec136887f0e\" data-lmt=\"{\" utc=\"\" sep=\"\" gmt=\"\" september=\"\" at=\"\" am=\"\" mst=\"\">\n<div class=\"liveblogposts-post\">\n<div class=\"post\">\n<div class=\"timeline-point  with-author-name\"><img decoding=\"async\" class=\"avatar\" src=\"https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2024-09\/fac61620-778b-11ef-9fff-b9b1b2108597\"\/><\/div>\n<div class=\"timestamp-byline\"><time class=\"timestamp-most-recent liveblogpost-relative-time\" data-timestamp=\"1727443844000\">Fri, September 27, 2024 at 6:30 AM MST<\/time><\/div>\n<\/div>\n<div class=\"content-wrapper  with-author-name\">\n<div class=\"content-body\">\n<div class=\"content-block  with-author-name\">\n<h2 class=\"headline\">Intel stock edges up on news of CHIPS Act funding talks, reports of Arm offer<\/h2>\n<div class=\"body\">\n<p>Intel (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/INTC\/\" data-ylk=\"slk:INTC;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">INTC<\/a>) stock rose 1.8% in early trading Friday after the Financial Times <a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/www.ft.com\/content\/ff0ca77d-ad35-45ba-a493-201a26932efb\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:reported;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">reported<\/a> that the chipmaker and the US government are on track to finalize $8.5 billion in CHIPS Act funding for the company by the end of the year.<\/p>\n<p>Separately, <a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/arm-rebuffed-intel-inquiring-buying-030516568.html\" data-ylk=\"slk:Bloomberg reported;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">Bloomberg reported<\/a> that Arm Holdings (<a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/ARM\/\" data-ylk=\"slk:ARM;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">ARM<\/a>) expressed interest in buying Intel&#8217;s product business.<\/p>\n<p>The potential offer from Arm, the British chip designer with high-profile partners including <a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/cloud.google.com\/blog\/products\/compute\/introducing-googles-new-arm-based-cpu\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Google;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Google<\/a> (<a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/GOOG\/\" data-ylk=\"slk:GOOG;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">GOOG<\/a>) and <a data-i13n=\"cpos:7;pos:1\" href=\"https:\/\/www.cnbc.com\/2023\/09\/06\/apple-and-arm-sign-deal-for-chip-technology-that-goes-beyond-2040.html\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Apple;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Apple<\/a> (<a data-i13n=\"cpos:8;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/AAPL\/\" data-ylk=\"slk:APPL;cpos:8;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">APPL<\/a>), was rebuked by Intel, unnamed sources told Bloomberg.<\/p>\n<p>Intel has also reportedly been approached by Qualcomm (<a data-i13n=\"cpos:9;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/QCOM\/\" data-ylk=\"slk:QCOM;cpos:9;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">QCOM<\/a>) <a data-i13n=\"cpos:10;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/intel-stock-jumps-after-report-of-possible-apollo-investment-133051516.html\" data-ylk=\"slk:and investment manager Apollo;cpos:10;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">and investment manager Apollo<\/a> to buy the company in its entirety. Intel shares have climbed on the news over the past week, but are still down more than 50% from the beginning of the year. <em>(Disclosure: Yahoo Finance is owned by Apollo Global Management.)<\/em><\/p>\n<p>Rival <a data-i13n=\"cpos:11;pos:1\" href=\"https:\/\/www.wsj.com\/business\/deals\/qualcomm-approached-intel-about-a-takeover-in-recent-days-fa114f9d\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Qualcomm floated a friendly takeover;cpos:11;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Qualcomm floated a friendly takeover<\/a>, according to the Wall Street Journal, but such a deal could face blowback from antitrust regulators. Analysts have also cast doubt on whether a Qualcomm takeover would make sense for Qualcomm or Intel financially.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<li class=\"caas-liveblogpost\" data-id=\"923490f1-b628-4a68-ac2d-491893145a43\" id=\"923490f1-b628-4a68-ac2d-491893145a43\" data-lmt=\"{\" utc=\"\" sep=\"\" gmt=\"\" september=\"\" at=\"\" am=\"\" mst=\"\">\n<div class=\"liveblogposts-post\">\n<div class=\"post\">\n<div class=\"timeline-point  with-author-name\"><img decoding=\"async\" class=\"avatar\" src=\"https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2024-07\/faabf0d0-452a-11ef-b3a6-c9f8d89c395d\"\/><\/div>\n<div class=\"timestamp-byline\"><time class=\"timestamp-most-recent liveblogpost-relative-time\" data-timestamp=\"1727441096000\">Fri, September 27, 2024 at 5:44 AM MST<\/time><\/div>\n<\/div>\n<div class=\"content-wrapper  with-author-name\">\n<div class=\"content-body\">\n<div class=\"content-block  with-author-name\">\n<h2 class=\"headline\">Fed&#8217;s preferred inflation gauge shows prices increased less than Wall Street expected in August<\/h2>\n<div class=\"body\">\n<p>The latest reading of the Fed&#8217;s preferred inflation gauge showed prices increased at a slower pace than expected on a monthly basis in August.<\/p>\n<p>The &#8220;core&#8221; Personal Consumption Expenditures (PCE) index, which strips out the cost of food and energy, rose 0.1% from the prior month during August. The reading, which is closely watched by the Federal Reserve, came in below the 0.2% expected by Wall Street and the 0.2% seen in July.<\/p>\n<p>Over the prior year, prices rose 2.7% in August, matching Wall Street&#8217;s expectations and topping the 2.6% rate seen in July.<\/p>\n<p><a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/feds-preferred-inflation-gauge-shows-prices-increased-less-than-wall-street-expected-in-august-123312217.html\" data-ylk=\"slk:Read more here.;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">Read more here.<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/finance.yahoo.com\/news\/live\/stock-market-today-dow-gains-as-feds-favored-inflation-gauge-cools-133048271.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stocks traded mixed on Friday as investors embraced an inflation report seen as crucial to the Federal Reserve&#8217;s next decision on interest rate cuts. The S&amp;P 500 (^GSPC) ticked just &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=107687\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-107687","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/107687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=107687"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/107687\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}