Stock Market Today: Wall Street Inches Forward Ahead of US Report on Consumer Prices

In early Tuesday trading, Wall Street exhibits mixed performance as investors await the U.S. report on consumer prices, influencing interest rate decisions by the Federal Reserve. S&P 500 futures gained 0.2%, while Dow Jones futures slightly declined. The anticipated report may show a 3.1% inflation rate in February, affecting market sentiment. Previously, a higher-than-expected inflation report led to market turbulence. Despite this, the overall trend in inflation has been downward, approaching the Fed's 2% target. Fed Chair Jerome Powell indicated a potential rate cut soon, easing economic pressures. Traders anticipate rate cuts in June, boosting equities. Oracle's shares surged over 13% after beating profit forecasts. New York Community Bank's shares rose 4% after securing a $1 billion lifeline. In Europe, Germany's DAX gained 0.4%, while Britain's FTSE 100 rose 0.8%. In Asia, Japan's Nikkei 225 dipped slightly, with expectations of the central bank raising rates. Hong Kong's Hang Seng gained 3.1%, while China's Shanghai Composite retreated 0.4%. Bitcoin, after reaching $72,700, traded at $71,886. U.S. benchmark crude oil rose to $78.15 per barrel. Brent crude increased to $82.53 per barrel. The dollar declined to 147.40 Japanese yen, while the euro rose to $1.0934. The S&P 500 slipped 0.1% on Monday, maintaining its near-record high. The Dow Jones rose 0.1%, and the Nasdaq composite fell 0.4%.

स्टॉक मार्केट टुडे: उपभोक्ता कीमतों पर अमेरिकी रिपोर्ट से वॉल स्ट्रीट इंच आगे।

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