The White House is saying that there will likely not be an inflation report next month.
I guess they don’t see the government opening soon.
For now the stock markets are cheering on the 3% inflation (when 3% is a good thing is when 3.1% was expected) and the shutdown.
- Dow is up 216 point
- S&P is up 42 points
- Nasdaq is up 215 points.
Chips stocks are higher after Intel reported better than expected earnings.
- Nvidia, +1.0%
- AMD +3.51%
- Broadcom +2.86%
- Qualcom + 0.95%
- Micron +2.97%
- Intel +5.7%
This article was written by Greg Michalowski at investinglive.com.