Tag
PCE Inflation
3 articles
Dow's Worst Month Since March as Yields Grip; Chip Stocks Rally
The S&P 500 fell 0.3 percent Wednesday as Treasury yields stayed elevated, but Nvidia, AMD, and Micron drove the Nasdaq 100 to a 3.2 percent monthly gain
Bitcoin Spikes to $85,600 on PCE Data, Erases Gains as $55M Shorts Liquidate
Bitcoin surged to $85,600 Wednesday after August PCE inflation data beat expectations, triggering $55 million in short liquidations before a sharp pullback.
10-Year Yield Drops 7 Basis Points as Oil Falls on Iran Sanctions Shift
Brent crude fell to $89.20 and WTI to $82.21 as Washington chose sanctions over military action against Iran, pulling Treasuries higher across the curve.