Impressive Stock Reversal after CPI Setback, Eyes Now on ECB Rate Cut
The stronger-than-anticipated core inflation data initially sent shockwaves through US equities overnight, sparking a deep sell-off. However, tech stocks led a remarkable recovery, with all major indexes finishing in green. Notably, S&P 500 posted a remarkable reversal, ending the day up more than 1% after having fallen over -1% intraday—a feat not seen since 2022. […] The post Impressive Stock Reversal after CPI Setback, Eyes Now on ECB Rate Cut appeared first on Action Forex.
The stronger-than-anticipated core inflation data initially sent shockwaves through US equities overnight, sparking a deep sell-off. However, tech stocks led a remarkable recovery, with all major indexes finishing in green. Notably, S&P 500 posted a remarkable reversal, ending the day up more than 1% after having fallen over -1% intraday—a feat not seen since 2022. […]
The post Impressive Stock Reversal after CPI Setback, Eyes Now on ECB Rate Cut appeared first on Action Forex.
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