CIO Lance Roberts from RIA Advisors provides insight into the monetary policy of the market and what influences investment decisions to “make money”.
US stocks Modest gains were posted in early trade as investors weighed in on a New report on record inflation against a basket of first-quarter mixed earnings.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| Me: DJI | Dow Jones averages | 34297.47 | +77.11 | + 0.23% |
| SP500 | Standard & Poor’s 500 | 4411.87 | +14.42 | + 0.33% |
| I: COMP | Nasdaq Composite Index | 13495.555468 | +123.98 | + 0.93% |
The producer price index rose 1.4% month over month, according to the Bureau of Labor statistics. On an annual basis, prices paid by wholesalers jumped 11.2%, compared to 10% in February.
After factoring in volatile food and energy costs, core producer prices rose 1% monthly in March, up from 0.2% the previous month. On a yearly basis, look for core PPI up 9.2% in March.
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In earnings news, Delta shares rose after the carrier said it had returned to profitability as consumer demand rebounded. The disclosure bodes well for other carriers. Separately, Southwest Flyers have warned CEO Robert Jordan not to be fatigued by their union.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| DA | Delta Airlines Limited | 40.29 | +1.68 | + 4.35% |
| AAL | American Airlines Group | 18.70 | +1.56 | + 9.14% |
| UAL | United Airlines Holdings | 44.86 | +2.13 | + 4.98% |
| love | Southwest Airlines Company | 45.75 | +2.95 | + 6.89% |
JPMorgan’s quarter was quieter as revenue and profit were down from the same period last year. The largest US lender earned $8.28 billion, or $2.63 per share, in the first quarter, compared with $14.3 billion, or $4.50 per share, a year earlier. Revenue fell to $30.7 billion from $32.2 billion a year earlier. The stock slide affected the Dow Jones Index.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| JPM | JPMORGAN CHASE & CO. | 127.84 | -3.66 | -2.78% |
AMC CEO participates in more dealings
In deal news, AMC Entertainment has struck a deal for Acquire Seven former Bow Tie cinema locations with 66 screens, including five in Connecticut, one in upstate New York, and one in Annapolis, Maryland. New Connecticut theater locations will double AMC’s public attendance in the state.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| AMC | AMC ENTERTAINMENT HOLDINGS INC | 17.85 | +0.43 | + 2.47% |
Elsewhere, new Peloton CEO Barry McCarthy got a knockout blow from activist Blackwells Capital. The company says he has done little since taking the job in February when John Foley was transferred to a separate position.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| PTON | PELOTON INTERACTIVE INC. | 24.38 | +0.67 | + 2.83% |
American oil Over $100 a barrel as traders watch Russia shrink supplies after Moscow said talks to resolve it Invasion of Ukraine He reached a dead end.
Traders on the floor of the New York Stock Exchange. (AP/AP Newsroom)
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| USO | United States Petroleum Fund LP | 77.00 | +1.04 | + 1.37% |
| BNO | United STS BRENT OIL FD LP UNIT | 30.37 | +0.56 | + 1.88% |
Russia invades Ukraine: live updates
Wounds swelled 8.5% in March, marking 40 new years
On Tuesday, the government reported that the Consumer Price Index, a closely watched measure of retail inflation, rose to a 40-year high in March.
Bitcoin traded around $40,000.
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The Associated Press contributed to this report.
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