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Stock futures went up on Thursday as investors felt more confident about inflation going down. The Dow Jones futures rose by 0.21%, while S&P futures went up by 0.1% and Nasdaq 100 futures increased by 0.17%. Encouraging news about inflation has helped calm worries about a recession and boosted the stock market after last week’s big drop in prices.
After the regular trading hours, Cisco Systems saw a 5% jump in its stock price following a good financial report. Ulta Beauty and Nike also went up after investment managers added these companies to their portfolios. Recent reports show that inflation is going down, which might lead the Federal Reserve to lower interest rates next month.
Investors are looking forward to retail sales data to get more insight into the economy’s direction. Walmart will also release its earnings report, which will help us understand consumer spending. The stock market has been doing well this week, with all major indexes trading higher than they were before the big market crash on August 5.
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Vocabulary List:
6 words · tap to reveal
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Accent
Futures/ˈfjuː.tʃərz/noun
Contracts to buy or sell assets at a future date for a predetermined price.
Recession/rɪˈsɛʃ.ən/noun
A period of temporary economic decline during which trade and industrial activity are reduced.
Inflation/ɪnˈfleɪ.ʃən/noun
A general increase in prices and fall in the purchasing value of money.
Encouraging/ɪnˈkɜːr.ɪdʒ.ɪŋ/adjective
Providing support confidence or hope.
Portfolios/pɔːrtˈfoʊ.li.oʊz/noun
Collections of financial investments like stocks bonds commodities and cash equivalents.
Earnings/ˈɜrnɪŋz/noun
Money obtained in return for labor or services rendered.
