"This market is ready to come right back up after it falls," said Dennis Dick, a trader at Bright Trading LLC.
Data showed U.S. producer prices rose solidly in August, indicating that high inflation was likely to persist for a while, with supply chains remaining tight as the COVID-19 pandemic drags on.Another set of data on Thursday showed weekly jobless claims fell to an almost 18-month low, soothing concerns over economic recovery but also stoking fears that the Federal Reserve could unwind stimulus faster.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Futures Rise; Metals Rally on Hopes of Reduced U.S.-China TensionsOil and metal prices, and Shanghai-listed equities, gained on hopes of reduced geopolitical tensions after a phone call between President Biden and China’s Xi Jinping. I just wanna say a big thank you to Dennismayson7 I was nobody until a friend of mine introduced me into investing with you, Since then it's been nothing but financial 💰 Success for me. I will invite my friends and family into your company Dennismayson7 you are the best💯🤞 this is terrible news
Source: WSJ - 🏆 98. / 63 Read more »
Asian shares gain as Biden-Xi call helps moodAsian shares bounced back on Friday after two days of losses, as news of a call between leaders Xi Jinping and Joe Biden offered some relief to traders struggling to interpret choppy market reactions to central banks' cautious moves to end stimulus.
Source: Reuters - 🏆 2. / 97 Read more »
Biden, in call with China's Xi Jinping, sets 'guardrails' to ensure 'competition does not veer into conflict'President Biden spoke with China's President Xi Jinping by phone Thursday night, aiming to set 'guardrails and parameters' in the U.S.-China relationship to ensure that while the two nations are in 'stiff competition,' they do not 'veer into conflict,' senior Biden administration officials said. Oil up 9000000 trillion
Source: FoxNews - 🏆 9. / 87 Read more »
Biden and China's Xi discuss managing competition, avoiding conflict in callU.S. President Joe Biden spoke by phone with his Chinese counterpart Xi Jinping for about 90 minutes on Thursday, a senior U.S. official said, with both leaders discussing the need to avoid letting competition between the world's two largest economies veer into conflict. Cat is out of the bag. True colour of USA is convincingly seen. Lol. The call was rather a plea to China to stop screwing US on multiple fronts ie. Taliban, $ flow, Crude Price & US debt funding et al. Awww Pooh has a pet.
Source: Reuters - 🏆 2. / 97 Read more »