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US Stocks Rise as PCE Data Shows Hot Inflation, Micron Eases AI Fears
US stock futures initially gained on anticipation of Personal Consumption Expenditures (PCE) data, which revealed core inflation hit 3.4% in May. Today, the Dow, S&P 500, and Nasdaq continued to rise, influenced by the 'hot' PCE data and Micron's performance easing AI concerns.
24 Jun, 23:26 — 25 Jun, 12:40
The Story
Analyzing sources…
Source Diversity
Source Diversity
Low (19/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 1/5 buckets covered0/33
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Left2
Left (2)
cnbcYahoo
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Right
Far R
Geographic diversity— 1 region4/34
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ℹOnly 2 sources cover this story
Sources
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cnbcMostly Factual60d ago
Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
Read full article →YahooMostly Factual61d ago
Stock market today: Dow, S&P 500, Nasdaq futures rise as Micron eases AI jitters ahead of PCE
Read full article →Coverage Timeline
First report: Yahoo · 24 Jun, 23:26|Full coverage: 2 · 13h|Window: 13h
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