Written by GaryECRI s WLI growth rate continues to slow and Michigan consumer sentiment improved (SPY -0.1%). Biggest midday movers: Chewy, Biogen, Snowflake.
Written by GaryMarkets closed down with the DOW down 0.44%, Nasdaq down 0.09, and the S&P down 0.18. Gold marginally down at $1,891.30, WTI also marginally down at $69.72, and Bitcoin recovering somewhat to $36,255. The dollar strengthen insignificantly. It appears investors are awaiting the consumer price index results tomorrow.
Consumer prices soar to 0.6%, CPI shows, and shove rate of inflation to a 13-year high (SPY +0.2%). Jobless claims drop to a post-pandemic low of 376,000.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
The Fuel Of The Future Thats 9 Times More Efficient Than Lithium The worldwide shift toward cleaner, greener energy sources once again appears to be picking up speed. While the worlds focus on climate change understandably took a backseat to the Covid-19 pandemic for most of the past 18 months, that focus on climate change has started to return in a powerful way. In fact, our transition into a post-pandemic environment is triggering a number of significant opportunities in the green energy space. Much of the early attention of the clean energy movement was