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japanese stocks surge! us stocks tumble, is a big rate cut on the horizon?

2024-09-12

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on wednesday, september 11, local time, the three major u.s. stock indices closed higher. as of the close, the dow jones industrial average rose 0.31%, the nasdaq rose 2.17%, and the s&p 500 rose 1.07%.

in terms of economic data, the us cpi rose 2.5% year-on-year in august, falling for the fifth consecutive month, with an estimated 2.5% and a previous value of 2.9%; the us cpi rose 0.2% month-on-month in august, with an estimated 0.2% and a previous value of 0.2%. the us core cpi rose 3.2% year-on-year in august, and the market expected an increase of 3.2%.

nvidia surged more than 8%. ceo jensen huang said that the demand for blackwell chips was too strong and the supply shortage had strained customer relationships.

japanese stocks opened higher and ended higher, with the nikkei 225 index expanding its gains to over 3%.

u.s. core cpi month-on-month growth rate exceeded expectations

on wednesday, september 11, local time, the three major u.s. stock indexes closed higher. as of the close, the dow jones industrial average rose 124.75 points, or 0.31%, to 40,861.71 points; the nasdaq rose 369.65 points, or 2.17%, to 17,395.53 points; and the s&p 500 rose 58.61 points, or 1.07%, to 5,554.13 points.