US major indices close solidly higher ahead of the CPI data tomorrow

The major US indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Read this Term are closing with solid gains led by the Dow Industrial Average which rose by over 500 points or 1.58% on the day. The NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term index lagged but still closed higher with a gain of 1.26%..

The gains today, head of the key CPI data which were released at 8:30 AM tomorrow expectations for 0.3% for the headline and the core number. Year on year the headline numbers is expected to fall to 7.3% from 7.7%. The core is expected to dip to 6.1% from 6.3%.

The final numbers are showing:

• Dow Industrial Average up 528.34 points or 1.58% at 34004.81. The index closed above its 100 hour moving average at 33934.69
• S&P index closed up 56.19 points or 1.43% at 3990.58. Like the Dow it also closed above its 100 hour moving average currently at 3986.75 (bullish)
• NASDAQ index rose 139.13 points or 1.26% at 11143.75. Unlike the Dow and the S&P, it closed just below its 100 hour moving average at 11148.59

Leading the Dow 30:

• Boeing, +3.72%
• Microsoft, +2.89%
• Visa, +2.81%
• Caterpillar, +2.58%
• Nike +2.39%

Other oversize gainers today included:

• Box, +7.51%
• Roblox, +5.34%
• DoorDash +5.01%
• American Airlines +4.95%
• Schlumberger, +4.52%
• Snowflake +4.44%

losers today included

• Moderna, -6.9%
• Tesla, -6.27%
• Rivian, -6.16%
• Alibaba, -2.03%
• Netflix -1.51%