Sep. 12 at 3:32 PM
Wall Street opened mixed on Friday with minimal changes after a record-setting session the day before, driven by inflation data despite weak employment figures. Three minutes after the open, the Dow fell 0.15%, the S&P 500 dropped 0.03%, and the Nasdaq rose 0.11%.
August CPI rose 0.4% month-over-month (0.2% in July), with the core index up 0.3%, matching July, while the PPI unexpectedly fell 0.1% vs. a 0.3% expected gain. These data appear to have influenced investors more than weak jobs numbers, with markets anticipating the Fed’s upcoming rate cuts.
Within the Dow 30, notable gainers include UnitedHealth (1.12%) and Microsoft (1.03%), while Cisco (-1.68%), Merck (-1.24%), and Boeing (-1.2%) lag. Optimism was widespread, with Caterpillar (2.43%), Goldman Sachs (2.16%), and 3M (1.9%) leading early buying.
In commodities, WTI crude rose 1.7% amid concerns over Russian output outweighing OPEC+ production increases.
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