{"id":859,"date":"2023-02-15T09:19:04","date_gmt":"2023-02-15T14:19:04","guid":{"rendered":"https:\/\/embarrdowns.com\/u-s-cpi-rise-in-line-with-market-expectations-10-year-treasury-yield-rises-to-3-78-major-indices-trade-lower\/"},"modified":"2023-02-15T09:19:05","modified_gmt":"2023-02-15T14:19:05","slug":"u-s-cpi-rise-in-line-with-market-expectations-10-year-treasury-yield-rises-to-3-78-major-indices-trade-lower","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/u-s-cpi-rise-in-line-with-market-expectations-10-year-treasury-yield-rises-to-3-78-major-indices-trade-lower\/","title":{"rendered":"U.S. CPI Rise In-Line With Market Expectations, 10-Year Treasury Yield Rises to 3.78%, Major Indices Trade Lower"},"content":{"rendered":"

On February 9th, 2023, the US Consumer Price Index (CPI) rose 0.5% compared to the previous month, coming in-line with the market expectations.[0]<\/a><\/sup> The Consumer Price Index rose by 6.4% on an annual basis, and core prices (excluding food and energy) rose by 5.6% compared to the previous year.[1]<\/a><\/sup> The increase was more significant than the predicted 0.4% growth.[1]<\/a><\/sup><\/p>\n

The 10-year US Treasury yield rose to 3.76% Tuesday, rebounding from Monday’s losses. On Wednesday morning, the 10-year yield increased to 3.78% following the release of the retail sales numbers.[2]<\/a><\/sup> Despite the fact that initial claims came in higher than anticipated, at 196,000 as opposed to the expected 190,000, the yield on the 10-year Treasury note still increased by 3 basis points to 3.68%. The figure was higher than the 183,000 seen the previous week.[3]<\/a><\/sup> The inflation data being released caused Treasury yields to increase.[1]<\/a><\/sup><\/p>\n

Following the US CPI data released this morning, the major US indices are trading lower.[4]<\/a><\/sup> The S&P 500 (SPX) ended the week 1.1% lower, the Nasdaq Composite Index (IXIC) dropped 2.4%, and the Dow Jones Industrial Average (DJI) remained relatively unchanged at -0.17%.[4]<\/a><\/sup> At 1240 GMT, the Dow Jones futures had dropped 0.12%, while S&P 500 and Nasdaq-100 futures were expected to open 0.19% and 0.17% lower, respectively.[5]<\/a><\/sup> The 10-year Treasury saw a slight price increase, reducing yields to 3.73% from Friday’s 3.75%.<\/p>\n

Oil prices dropped 2.6% to $78.09 and gold prices decreased 0.2% to $1,860.20 in the commodities market.[6]<\/a><\/sup> On Tuesday, the price of silver decreased by 0.5%, settling at $21.74, while copper increased by 0.1 Spot silver is trading down $0.10 or -0.47% to $21.86.<\/p>\n

Investors are advised to carefully consider whether trading is appropriate for them based on their personal circumstances.[7]<\/a><\/sup> High risk warnings are also in place for foreign exchange trading as it carries a high level of risk that may not be suitable for all investors.<\/p>\n

0. <\/span>“Dow Jumps Over 300 Points, Dollar Surges in Midday Trading” msnNOW, 13 Feb. 2023, https:\/\/www.msn.com\/en-us\/money\/markets\/dow-jumps-over-300-points-dollar-surges-in-midday-trading\/ar-AA17radT<\/a><\/a><\/p>\n

1. <\/span>“S&P 500, Nasdaq, Dow end choppy session with mixed performance after CPI data (SP500)” Seeking Alpha, 14 Feb. 2023, https:\/\/seekingalpha.com\/news\/3935955-cpi-data-leads-to-choppy-trading-mixed-finish-for-sp-500-nasdaq-dow<\/a><\/a><\/p>\n

2. <\/span>“Futures Extend Losses On Strong Retail Sales; Tesla Rallies On Buy Rating” Investor’s Business Daily, 15 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-futures-fall-ahead-of-retail-sales-tesla-stock-races-higher-on-buy-rating\/<\/a><\/a><\/p>\n

3. <\/span>“Dow Jones Falters; Microsoft Has Growing AI Waitlist” Investor’s Business Daily, 9 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-falters-nextracker-ipo-pops-45-microsoft-rises-on-growing-ai-waitlist<\/a><\/a><\/p>\n

4. <\/span>“Dow Jones, Nasdaq, S&P 500 weekly preview: Use Q1 rally to cut stocks exposure By Investing.com” Investing.com, 13 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/dow-jones-nasdaq-sp-500-weekly-preview-use-q1-rally-to-cut-stocks-exposure-3001760<\/a><\/a><\/p>\n

5. <\/span>“US pre-open: Futures in the red as investors await retail sales figures” ShareCast, 15 Feb. 2023, https:\/\/www.sharecast.com\/news\/market-report-us-pre-open\/us-pre-open-futures-in-the-red-as-investors-await-retail-sales-figures–12348712.html<\/a><\/a><\/p>\n

6. <\/span>“Dow Falls 150 Points; US Consumer Prices Rise 0.5% In January – Endava (NYSE:DAVA), Denny’s (NASDAQ:DENN)” Benzinga, 14 Feb. 2023, https:\/\/www.benzinga.com\/news\/earnings\/23\/02\/30900435\/dow-falls-150-points-us-consumer-prices-rise-0-5-in-january<\/a><\/a><\/p>\n

7. <\/span>“Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, AUD\/USD, US CPI” DailyFX, 12 Feb. 2023, https:\/\/www.dailyfx.com\/news\/markets-week-ahead-dow-jones-nasdaq-100-us-dollar-aud-usd-us-cpi-20230212.html<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

On February 9th, 2023, the US Consumer Price Index (CPI) rose 0.5% compared to the previous month, coming in-line with the market expectations.[0]<\/a><\/sup> The Consumer Price Index rose by 6.4% on an annual basis, and core prices (excluding food and energy) rose by 5.6% compared to the previous year.[1]<\/a><\/sup> The increase was more significant than the predicted 0.4% growth.[1]<\/a><\/sup><\/p>\n

The 10-year US Treasury yield rose to 3.76% Tuesday, rebounding from Monday’s losses. On Wednesday morning, the 10-year yield increased to 3.78% following the release of the retail sales numbers.[2]<\/a><\/sup> Despite the fact that initial claims came in higher than anticipated, at 196,000 as opposed to the expected 190,000, the yield on the 10-year Treasury note still increased by 3 basis points to 3.68%. The figure was higher than the 183,000 seen the previous week.[3]<\/a><\/sup> The inflation data being released caused Treasury yields to increase.[1]<\/a><\/sup><\/p>\n

Following the US CPI data released this morning, the major US indices are trading lower.[4]<\/a><\/sup> The S&P 500 (SPX) ended the week 1.1% lower, the Nasdaq Composite Index (IXIC) dropped 2.4%, and the Dow Jones Industrial Average (DJI) remained relatively unchanged at -0.17%.[4]<\/a><\/sup> At 1240 GMT, the Dow Jones futures had dropped 0.12%, while S&P 500 and Nasdaq-100 futures were expected to open 0.19% and 0.17% lower, respectively.[5]<\/a><\/sup> The 10-year Treasury saw a slight price increase, reducing yields to 3.73% from Friday’s 3.75%.<\/p>\n

Oil prices dropped 2.6% to $78.09 and gold prices decreased 0.2% to $1,860.20 in the commodities market.[6]<\/a><\/sup> On Tuesday, the price of silver decreased by 0.5%, settling at $21.74, while copper increased by 0.1 Spot silver is trading down $0.10 or -0.47% to $21.86.<\/p>\n

Investors are advised to carefully consider whether trading is appropriate for them based on their personal circumstances.[7]<\/a><\/sup> High risk warnings are also in place for foreign exchange trading as it carries a high level of risk that may not be suitable for all investors.<\/p>\n

0. <\/span>“Dow Jumps Over 300 Points, Dollar Surges in Midday Trading” msnNOW, 13 Feb. 2023, https:\/\/www.msn.com\/en-us\/money\/markets\/dow-jumps-over-300-points-dollar-surges-in-midday-trading\/ar-AA17radT<\/a><\/a><\/p>\n

1. <\/span>“S&P 500, Nasdaq, Dow end choppy session with mixed performance after CPI data (SP500)” Seeking Alpha, 14 Feb. 2023, https:\/\/seekingalpha.com\/news\/3935955-cpi-data-leads-to-choppy-trading-mixed-finish-for-sp-500-nasdaq-dow<\/a><\/a><\/p>\n

2. <\/span>“Futures Extend Losses On Strong Retail Sales; Tesla Rallies On Buy Rating” Investor’s Business Daily, 15 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-futures-fall-ahead-of-retail-sales-tesla-stock-races-higher-on-buy-rating\/<\/a><\/a><\/p>\n

3. <\/span>“Dow Jones Falters; Microsoft Has Growing AI Waitlist” Investor’s Business Daily, 9 Feb. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-falters-nextracker-ipo-pops-45-microsoft-rises-on-growing-ai-waitlist<\/a><\/a><\/p>\n

4. <\/span>“Dow Jones, Nasdaq, S&P 500 weekly preview: Use Q1 rally to cut stocks exposure By Investing.com” Investing.com, 13 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/dow-jones-nasdaq-sp-500-weekly-preview-use-q1-rally-to-cut-stocks-exposure-3001760<\/a><\/a><\/p>\n

5. <\/span>“US pre-open: Futures in the red as investors await retail sales figures” ShareCast, 15 Feb. 2023, https:\/\/www.sharecast.com\/news\/market-report-us-pre-open\/us-pre-open-futures-in-the-red-as-investors-await-retail-sales-figures–12348712.html<\/a><\/a><\/p>\n

6. <\/span>“Dow Falls 150 Points; US Consumer Prices Rise 0.5% In January – Endava (NYSE:DAVA), Denny’s (NASDAQ:DENN)” Benzinga, 14 Feb. 2023, https:\/\/www.benzinga.com\/news\/earnings\/23\/02\/30900435\/dow-falls-150-points-us-consumer-prices-rise-0-5-in-january<\/a><\/a><\/p>\n

7. <\/span>“Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, AUD\/USD, US CPI” DailyFX, 12 Feb. 2023, https:\/\/www.dailyfx.com\/news\/markets-week-ahead-dow-jones-nasdaq-100-us-dollar-aud-usd-us-cpi-20230212.html<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":858,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/859"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=859"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/859\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/858"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}