US stock markets extend gains on hopes for a better CPI print

Last week's 4.1% rally in 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 has continued today with the index up 1.1%. The S&P 500 is keeping pace up 1.1%. European equities Equities Equities can be defined as stocks or shares in a company that investors can buy or sell. For example, when you buy a stock, you are purchasing equity, thereby becoming a partial owner of shares in a specific company or fund.Equities do not pay a fixed interest rate, and as such are not considered guaranteed income. Consequently, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling p Equities can be defined as stocks or shares in a company that investors can buy or sell. For example, when you buy a stock, you are purchasing equity, thereby becoming a partial owner of shares in a specific company or fund.Equities do not pay a fixed interest rate, and as such are not considered guaranteed income. Consequently, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling p Read this Term have extended gains close to 2% with some indexes up 2.5%.

The market is in a good mood but it all hangs this week on Tuesday's CPI. The consensus on the headlines is a deceleration to 8.1% y/y from 8.5% but an acceleration on the core to 6.1% from 5.9%.

I tend to think that core matters more now but that's an interesting debate.

If they're opposing, which data point moves the market on Tuesday?

— ForexLive (@ForexLive) September 12, 2022

In terms of the technicals, the S&P 500 is making some progress to get back to 4200 as the first marker but the big test will be the 200-day moving average, where it stalled out last month.