Stocks Rise on Inflation Data; Dow Up Triple Digits
U.S. stocks continued to run higher on Friday morning. This week’s
most anticipated economic report, the Consumer Price Index, showed
that prices rose at the fastest pace over the past 20 months, but
came in lower than economist’s had expected.
Crude oil futures for July delivery are
fractionally higher to $67.73 per barrel in early trading. Gold futures for August delivery rose
0.2% to $657.40 an ounce.
Around Asia, the Shanghai Composite Index rose 0.4% to 4,132.87,
Hong Kong’s Hang Seng Index added 0.7% to 21,017.05, and Tokyo’s
Nikkei Index rose 0.7% to 17,971.49.
Today’s
PowerRatings Heat Map is starting to show price action that has led to lower
prices in the short term. The most weakness can be seen in
the Drug and Energy sectors.
Click here to view all 33 Heat Map sectors.
Each day we will be giving readers full access to
one of our historically backed indicator lists.
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our 5+ Consecutive Down Days List. Historically proven edges make
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Darren Wong
Associate Editor
darrenw@tradingmarkets.com