{"id":11684,"date":"2023-05-10T15:34:24","date_gmt":"2023-05-10T13:34:24","guid":{"rendered":"https:\/\/investmentbell.com\/?p=11684"},"modified":"2023-05-10T15:48:34","modified_gmt":"2023-05-10T13:48:34","slug":"wall-st-set-to-open-higher-on-signs-of-easing-inflation","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/id\/news\/stocks\/wall-st-set-to-open-higher-on-signs-of-easing-inflation\/","title":{"rendered":"Wall St dibuka lebih tinggi karena tanda-tanda meredanya inflasi"},"content":{"rendered":"<p>(Reuters) &#8211; Wall Street&#8217;s main indexes were set to open higher on Wednesday as U.S. consumer prices rose at a slightly slower-than-expected pace last month in a sign that the Federal Reserve&#8217;s rapid interest rate hikes were yielding result.<\/p>\n\n\n\n<p>The Labor Department&#8217;s Consumer Price Index (CPI) rose 4.9% in April from a year ago and compared with expectations of a 5% increase. Month-over-month CPI in April rose 0.4% after gaining 0.1% in March.<\/p>\n\n\n\n<p>Fed funds futures traders are now pricing in an 86% chance that the Fed will leave rates unchanged in its June meeting, and 14% odds of another 25 basis points hike. [FEDWATCH]<\/p>\n\n\n\n<p>&#8220;The futures are interpreting that (CPI) being in line will corroborate the idea that the Fed isn&#8217;t going to have to raise rates anymore and if that&#8217;s the case,&#8221; said Thomas Martin, senior portfolio manager at GLOBALT Investments.<\/p>\n\n\n\n<p>&#8220;You still have a reasonably strong economy and rates that are not going any higher.&#8221;<\/p>\n\n\n\n<p>Large-cap technology stocks, including Apple Inc (NASDAQ:AAPL) and&nbsp;Microsoft Corp&nbsp;(NASDAQ:MSFT), reversed premarket declines to rise about 0.7% each, while U.S. Treasury yields fell after data. [US\/]<\/p>\n\n\n\n<p>At 8:51 a.m. ET,&nbsp;Dow e-minis&nbsp;were up 181 points, or 0.54%,&nbsp;S&amp;P 500 e-minis&nbsp;were up 33.75 points, or 0.82%, and&nbsp;Nasdaq 100 e-minis&nbsp;were up 116.25 points, or 0.88%.<\/p>\n\n\n\n<p>Alphabet (NASDAQ:GOOGL) Inc gained 1.3% as the Google-parent was set to unveil more artificial intelligence in its products to answer the latest competition from Microsoft.<\/p>\n\n\n\n<p>Shares of regional banks rose after a few volatile sessions last week on concerns about the health of the sector. PacWest Bancorp added 7%, while Zions Bancorporation (NASDAQ:ZION) and Western Alliance (NYSE:WAL) Bank inched up 2.4% and 4.5%, respectively.<\/p>\n\n\n\n<p>Oil and gas producer Occidental Petroleum Corp (NYSE:OXY) fell 0.9% after its first-quarter earnings fell short of analysts&#8217; estimates.<\/p>\n\n\n\n<p>Livent (NYSE:LTHM) Corp added 3.2% in choppy trading after Australian lithium miner Allkem Ltd agreed to merge with the U.S.-based chemical manufacturing firm to create a $10.6 billion firm.<\/p>\n\n\n\n<p>Airbnb Inc lost 4.5% as the vacation rental booking company saw fewer bookings and lower average daily rates in the second quarter.<\/p>\n<div class=\"rate-now\"><span id=\"rate-mypost11684\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost11684').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Wall Street&#8217;s main indexes were set to open higher on Wednesday as U.S. consumer prices rose at a slightly slower-than-expected pace last month in a sign that the Federal Reserve&#8217;s rapid interest rate hikes were yielding result. The Labor Department&#8217;s Consumer Price Index (CPI) rose 4.9% in April from a year ago and [&hellip;]<\/p>","protected":false},"author":13,"featured_media":11695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-11684","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/posts\/11684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/comments?post=11684"}],"version-history":[{"count":0,"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/posts\/11684\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/media\/11695"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/media?parent=11684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/categories?post=11684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/id\/wp-json\/wp\/v2\/tags?post=11684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}