Today’s Global Markets: American Stock Market Soars in Anticipation of Inflation Data

US Stocks Surge in Anticipation of Inflation Data Release: S&P 500, Nasdaq, and Dow Jones Industrial Average Experience Growth

On Wednesday, US stocks experienced a surge in anticipation of the upcoming release of inflation data. Investors are particularly interested in the US core personal consumption expenditure (PCE) price index data for February, as it could provide insights into when the Federal Reserve might begin cutting interest rates.

As of 9:40 a.m. Eastern time, the Dow Jones Industrial Average was up by 307 points, or 0.8%, the S&P 500 had risen by 0.6%, and the Nasdaq composite was up by 0.3%. Shares of Trump Media & Technology Group saw an 18.6% jump, while Merck climbed 4.9% following the federal approval of its Winrevair treatment for adults with pulmonary arterial hypertension. Additionally, Robinhood Markets surged 3.5% after revealing its first credit card, providing a positive boost to investors on this day.

The more actively traded June contract decreased by 0.6% to $85.13, while Brent crude futures for May dropped by 0.7% to $85.66 a barrel with the May contract set to expire on Thursday.

In European markets, most stock indexes saw gains with Britain’s FTSE 100 falling slightly by 0.2%, France’s CAC 40 rising by

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