CIO Lance Roberts from RIA Advisors provides insight into the monetary policy of the market and what influences investment decisions to “make money”.
US stocks It traded higher as profits rolled and commodities rose.
Major futures indices are pointing to a 0.6% gain when the opening bell rings on Wall Street, extending Tuesday’s rally.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| Me: DJI | Dow Jones averages | 34220.36 | -87.72 | -0.26% |
| SP500 | Standard & Poor’s 500 | 4397.45 | -15.08 | -0.34% |
| I: COMP | Nasdaq Composite Index | 13371.571501 | -40.38 | -0.30% |
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Delta shares rose after the carrier said it was back in profit as consumer demand rebounded.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| DA | Delta Airlines Limited | 38.62 | +0.38 | + 0.99% |
JPMorgan’s quarter was quieter as revenue and profit were down from the same period last year. The largest US lender earned $8.28 billion, or $2.63 per share, in the first quarter, compared with $14.3 billion, or $4.50 per share, a year earlier. Revenue fell to $30.7 billion from $32.2 billion a year earlier.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| JPM | JPMORGAN CHASE & CO. | 131.47 | -1.56 | -1.17% |
AMC CEO participates in more dealings
In deal news, AMC Entertainment has struck a deal for Acquire Seven former Bow Tie cinema locations with 66 screens, including five in Connecticut, one in upstate New York, and one in Annapolis, Maryland. The new Connecticut theater locations will double AMC’s public attendance in the state.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| AMC | AMC ENTERTAINMENT HOLDINGS INC | 17.42 | -1.31 | -6.99% |
American oil Over $100 a barrel as traders watch Russia shrink supplies after Moscow said talks to resolve it Invasion of Ukraine It reached a dead end.
Traders on the floor of the New York Stock Exchange (AP/AP Newsroom)
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| USO | United States Petroleum Fund LP | 75.96 | +3.64 | + 5.03% |
| BNO | United STS BRENT OIL FD LP UNIT | 29.81 | +1.60 | + 5.67% |
Russia invades Ukraine: live updates
Traders will also consider another report related to inflation.
The PPI is expected to rise 1.1% month over month according to Refinitiv’s forecast, up from 0.8% in February and the biggest increase since January’s 1.2% rise. On an annual basis, prices paid by wholesalers are expected to jump to a record high of 10.6%, up from 10% in February.
After accounting for volatile food and energy costs, core producer prices are expected to rise 0.5% per month in March, up from 0.2% in the previous month. On a yearly basis, look for core PPI up 8.4% in March.
Wounds swelled 8.5% in March, marking 40 new years
On Tuesday, the government reported that the Consumer Price Index, a closely watched measure of retail inflation, rose to a 40-year high in March.
Bitcoin traded around $40,000.
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The Associated Press contributed to this report.
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