Stock Market News Today: Target surges again after better-than-expected results

Wall Street was poised for another rally Wednesday as investors embraced the idea: Clear cooling of inflation They will hold off on raising interest rates while they wait for a health check on consumers.

Nasdaq 100 (^NDX) Futures led gains of about 0.6% after tech stocks rose on Tuesday Best conference since April.Dow Jones Industrial Average (^DJI Innovations) futures rose more than 0.3%, while the benchmark S&P 500 (^GSPC) futures rose about 0.4%.

An unexpected easing in U.S. price pressures drove stocks higher, fueling bets that the Federal Reserve will keep interest rates steady and could start cutting them early next year. UK inflation drops sharply Helping weaken prospects for higher rates in the longer term Dent Bond.

target shares (TGT) pre-market trading surges about 15% after third-quarter profits estimated damage.Large retailers noted elasticity U.S. consumers face higher borrowing costs.

TJX Corporation’s quarterly results (Tian Jiaxing) will provide more clues about spending patterns.But while the U.S. economy is performing better than expected, Not yet translated into gains Retail sector stocks.

U.S. retail sales data for October will be released on Wednesday, while the latest data on producer prices should provide more clues about inflation.

Elsewhere, consumer spending Picked up in China, new data showed, providing a boost to the economy that is struggling to recover.The country’s economic slowdown is setting the stage for economic recovery high stakes meeting U.S. President Joe Biden and Chinese President Xi Jinping held talks on Wednesday as the two superpowers look to reset their fraught relationship.

  • Stock index futures point to return of consumer price index (CPI)-driven gains

    Wall Street on Wednesday prepared to extend the previous day’s gains, driven by bets that cooling inflation will put an end to interest rate hikes by the Federal Reserve.

    Dow Jones Industrial Average Futures (^DJI Innovations) rose 0.32%, or 109 points, while the S&P 500 (^GSPC) futures rose 0.40%. Technology-heavy Nasdaq 100 Index Contracts (^NDX) led the gains, rising 0.59%.

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