All three stock indices hit all-time highs as inflation cools

[Crumpets]

AP News: Stock market today: Wall Street rallies to records after inflation finally slows

U.S. stocks rallied to records on hopes that inflation is heading back in the right direction. The S&P 500 jumped 1.2% Wednesday to top its prior all-time high set in March. The Nasdaq composite added 1.4% to its own record set a day earlier, while the Dow Jones Industrial Average rose 0.9% to beat its own recent high. Treasury yields also eased after a report showing a slowdown in inflation boosted expectations for the Federal Reserve to cut interest rates this year. GameStop and other meme stocks were among the market’s few losers.

[GAinDC]

Hell yes!

More Biden accomplishments

[Fmr. Pres. Duke]

Things are just so bad out there

[lfromnj]

Set expectations for inflation higher so its easier to beat and market goes up. Meme sh**t.

Article is slightly wrong as well. Retail did do poorly, Target and Amazon are down(Bezos needs to distribute more piss bottles to save my port)

[GAinDC]

Set expectations for inflation higher so its easier to beat and market goes up. Meme sh**t.

Sorry a bunch of people who know a lot more about the economy than you (and me TBH) didn't buy the MAGA spin on these falling inflation numbers.

The numbers are trending in the right direction and Wall Street is noticing.

[lfromnj]

Set expectations for inflation higher so its easier to beat and market goes up. Meme sh**t.

Sorry a bunch of people who know a lot more about the economy than you didn't by the MAGA spin on these falling inflation numbers

Its literally been steady for the past year at around 3%. Certainly not enough for rate cuts based on what the Fed's been saying(OTOH I think the Fed wants to lower rates due to national debt which technically they aren't supposed to do)

[Joe Republic]

Cool beans.  But once again; the stock market is not the economy.  Not to most people whose vote counts.

[GP270watch]

https://twitter.com/BidenHQ/status/1788208027243302966?ref_src=twsrc%5Etfw%7Ctwc...

 Biden is the economic President that Trump wished he could be.

[GAinDC]

A really good day for economic news:

Encouraging inflation report and stocks at record highs

[wbrocks67]

Cool beans.  But once again; the stock market is not the economy.  Not to most people whose vote counts.

The thing about this is that you and others would not be saying this if the stock market was tanking.

[GAinDC]

Really interesting that Republicans have circled the wagon today trying to spin today's inflation report as  a huge disaster, when investors obviously don't think so. Are they sweating a little that they may lose their edge on the economy?

https://twitter.com/SenJohnThune/status/1790836790070247597

Like, ok families are paying more but how much bigger are their paychecks now? It would be just as disingenuous if Dems were out there saying, "wages have increased 20+ percent since Biden took office!"

You have to look at the whole picture.

[GP270watch]

 I was watching conservative business news today and they were grumbling about the number of companies trading at all time highs and that Wall Street sentiment was actually bullish about rate cuts, earnings, new investments in A.I. etc. They were acting like children who were told to eat all their vegetables.

[GAinDC]

I was watching conservative business news today and they were grumbling about the number of companies trading at all time highs and that wall street was actually bullish about rate cuts, earnings, new investments in AI etc. They were acting like children who were told to eat all their vegetables.

Exactly. The disconnect between the state of the economy and the public perception of the economy is at least partly due to bad faith commentators in the media who don't want the economy to be strong.

All of their frantic warnings about how Biden would destroy the economy haven't panned out, so many have decided to create their own reality that half of Americans just accept due to partisanship and echo chambers.

That's why I talk about this stuff so much, because it's an example political spin that must be called out. Biden is presiding over economic numbers that were considered excellent when other Presidents could claim them, yet now they are bad? There is a disconnect that is due to disinformation.