{"id":269223,"date":"2021-06-08T17:44:00","date_gmt":"2021-06-08T14:44:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dow-struggles-for-direction-as-investors-look-for-inflation-clues\/"},"modified":"2021-06-08T17:44:00","modified_gmt":"2021-06-08T14:44:00","slug":"dow-struggles-for-direction-as-investors-look-for-inflation-clues","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dow-struggles-for-direction-as-investors-look-for-inflation-clues\/","title":{"rendered":"#\n  Dow struggles for direction as investors look for inflation clues"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3df9e08966a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3df9e08966a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-struggles-for-direction-as-investors-look-for-inflation-clues\/#What_are_major_indexes_doing\" >What are major indexes doing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-struggles-for-direction-as-investors-look-for-inflation-clues\/#Whats_driving_the_market\" >What\u2019s driving the market?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-struggles-for-direction-as-investors-look-for-inflation-clues\/#Which_companies_are_in_focus\" >Which companies are in focus?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-struggles-for-direction-as-investors-look-for-inflation-clues\/#What_are_other_markets_doing\" >What are other markets doing?<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-struggles-for-direction-as-investors-look-for-inflation-clues\/#William_Watts\" >William Watts<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Dow struggles for direction as investors look for inflation clues<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000297787\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Stocks were mostly a shade higher in early trade, with the tech-heavy Nasdaq Composite leading the way to the upside and the S&amp;P 500 index briefly trading above its record closing level form last month as investors remained wait-and-see mode ahead of another round of inflation data later in the week.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"What_are_major_indexes_doing\"><\/span>What are major indexes doing?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      The Dow Jones Industrial Average<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"negative\">-0.09%<\/bg-quote><br \/>\n       fell 48.84 points, or 0.1%, to 34,581.40.<\/p>\n<\/li>\n<li>\n      The S&amp;P 500<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"negative\">-0.03%<\/bg-quote><br \/>\n       was up 4.35 points, or 0.1%, at 4,230.87 after trading as high as 4,236.74, surpassing its record close of 4,232.60 set on May 7.<\/p>\n<\/li>\n<li>\n      The Nasdaq Composite<br \/>\n        COMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598365\/realtime\" class=\"positive\">+0.31%<\/bg-quote><br \/>\n       advanced 84.76 points, or 0.6%, to trade at 13,966.48.<\/p>\n<\/li>\n<\/ul>\n<p>On Monday, the Dow fell 126.15 points, or 0.4%, to end at 34,630.24 after trading above its all-time closing high of 34,777.76 set on May 7. The S&amp;P 500 fell 0.1%, but remains just 0.1% away from its record close, while the Nasdaq Composite edged up 0.5%.and the small-cap Russell 2000<br \/>\n        RUT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598147\/delayed\" class=\"positive\">+0.71%<\/bg-quote><br \/>\n       rose 1.4%.<\/p>\n<div class=\"paywall\">\n<h6><span class=\"ez-toc-section\" id=\"Whats_driving_the_market\"><\/span>What\u2019s driving the market?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p> Stocks have been stuck in a trading range for several weeks, with the Dow and S&amp;P 500 index trading not far off all-time highs, as investors look for a fresh catalyst and await data on inflation pressures.<\/p>\n<p>The release Thursday of the May consumer-price index is shaping up to be the main data event of the week. A hotter-than-expected read on the April CPI, which rose 4.2% year over year, temporarily rattled markets last month.<\/p>\n<p>\u201cIn our view, the fact that underlying inflationary pressures are rising as well raises questions as to whether the spike in headline inflation is due to transitory factors, as the Fed initially supported,\u201d said Charalambos Pissouros, senior market analyst at JFD Group, in a note.<\/p>\n<p>\u201cNow, with several policy makers arguing that they need to start discussing policy normalization at the upcoming gatherings, further acceleration in consumer prices may increase speculation for the committee acting sooner than previously thought, and thereby result in a pullback in equities and other risk-linked assets,\u201d the analyst said.<\/p>\n<p>Treasury yields were slipping Tuesday with the fall in yields is seen as a positive for <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> and other growth-related stocks.<\/p>\n<p>U.S. stock futures extended declines in premarket Tuesday after an internet outage took down several major sites, but bounced off session lows after reports tied the outage to a glitch at cloud-computing services provider Fastly Inc.<br \/>\n        FSLY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/212251938\/composite\" class=\"positive\">+6.04%<\/bg-quote><span>.<\/span><br \/>\n       Fastly said on its website that it had identified the issue and a \u201cfix is being implemented,\u201d shortly before 7 a.m. Eastern. Fastly shares were up more than 2% after dipping in premarket action.<\/p>\n<p>A closely followed U.S. small-business index fell slightly in May, coming in 0.2 point lower at 99.6, to mark the first decline of the year, according to the National Federation of Independent Business. The fall came as small-business owners said they are losing sales because they can\u2019t find enough people to fill open jobs. And now rising inflation is adding to their worries.<\/p>\n<p>April data released Tuesday morning showed the U.S. international trade deficit narrowed to $68.9 billion from a record $75 billion a month earlier. Economists surveyed by Dow Jones <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a>wires and The Wall Street Journal had looked for a consensus $69 billion gap.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Data on April job openings will be closely watched amid concerns over difficulties employers are reporting in filling positions. The data is due at 10 a.m., with economists looking for openings to rise to 8.2 million from 8.1 million in March.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Which_companies_are_in_focus\"><\/span>Which companies are in focus?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      Online personal styling service <strong>Stitch Fix Inc. <\/strong><br \/>\n        SFIX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208173073\/composite\" class=\"positive\">+13.31%<\/bg-quote><br \/>\n       said late Monday that it expects revenue to be better than analysts\u2019 forecast in the fiscal year ending July 31. Shares rose more than 16%.<\/p>\n<\/li>\n<li>\n      <strong>Marvell Technology Inc. <\/strong><br \/>\n        MRVL,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200053236\/composite\" class=\"positive\">+4.14%<\/bg-quote><br \/>\n       shares were up 7.6% after the chip maker late Monday reported quarterly results that topped Wall Street expectations and forecast record revenue months after the close of a major acquisition.<\/p>\n<\/li>\n<li>\n      Shares of <strong>Southwest Airlines Co.<\/strong><br \/>\n        LUV,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201071949\/composite\" class=\"positive\">+0.90%<\/bg-quote><br \/>\n       rose 0.4% after the air carrier provided May metrics and a June outlook that reflected improving leisure passenger traffic and fares. <\/p>\n<\/li>\n<li>\n      Southwest also said it recently entered into an agreement with <strong>Boeing Co.<\/strong>\u00a0<br \/>\n        BA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208579720\/composite\" class=\"positive\">+1.24%<\/bg-quote><br \/>\n       to increase its 2022 orders by 34 Boeing 737 MAX 7 planes, bringing the total to 234 firm orders. Boeing shares rose 0.4%.<\/p>\n<\/li>\n<li>\n      <strong>Navistar International Corp.<\/strong><br \/>\n        NAV,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202415816\/composite\" class=\"positive\">+0.07%<\/bg-quote><br \/>\n       said it turned a profit for the fiscal second quarter as it boosted production line rates in all its vehicle assembly plants, though the increase was slower than anticipated because of supply-chain constraints. Navistar shares were flat.<\/p>\n<\/li>\n<\/ul>\n<h6><span class=\"ez-toc-section\" id=\"What_are_other_markets_doing\"><\/span>What are other markets doing?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      The yield on the 10-year Treasury note<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.538%<\/bg-quote><br \/>\n       fell 4.1 basis points to 1.527%. Yields and bond prices move in opposite directions.<\/p>\n<\/li>\n<li>\n      The ICE U.S. Dollar Index<br \/>\n        DXY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598269\/delayed\" class=\"positive\">+0.14%<\/bg-quote><span>,<\/span><br \/>\n       a measure of the currency against a basket of six major rivals, rose 0.1%.<\/p>\n<\/li>\n<li>\n      Oil futures were lower, with the U.S. benchmark<br \/>\n        CL00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209723049\/delayed\" class=\"positive\">+0.33%<\/bg-quote><br \/>\n       down 0.3%. Gold futures<br \/>\n        GC00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210034565\/delayed\" class=\"negative\">-0.17%<\/bg-quote><br \/>\n       gave up early gains, falling 0.1% to $1,896.50 an ounce.<\/p>\n<\/li>\n<li>\n      European equities were higher, with the pan-Continental Stoxx Europe 600<br \/>\n        SXXP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599654\/delayed\" class=\"positive\">+0.23%<\/bg-quote><br \/>\n       up 0.4% and London\u2019s FTSE 100<br \/>\n        UKX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598409\/delayed\" class=\"positive\">+0.46%<\/bg-quote><br \/>\n       rising 0.6%.<\/p>\n<\/li>\n<li>\n      In Asia, the Shanghai Composite<br \/>\n        SHCOMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598127\/delayed\" class=\"negative\">-0.54%<\/bg-quote><br \/>\n       down 0.5%, while the Hang Seng Index<br \/>\n        HSI,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598030\/delayed\" class=\"negative\">-0.02%<\/bg-quote><br \/>\n       ended less than 0.1% lower in Hong Kong and Japan\u2019s Nikkei 225<br \/>\n        NIK,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210597971\/delayed\" class=\"negative\">-0.19%<\/bg-quote><br \/>\n       fell 0.2%.<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"William Watts\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"William_Watts\"><\/span>William Watts<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-748B-3BB469AB2ED5%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Dow struggles for direction as investors look for inflation clues &#8221; Stocks were mostly a shade higher in early trade, with the tech-heavy Nasdaq Composite leading the way to the upside and the S&amp;P 500 index briefly trading above its record closing level form last month as investors remained wait-and-see mode ahead of another&#8230;<\/p>\n","protected":false},"author":1,"featured_media":269224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-269223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/269223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=269223"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/269223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/269224"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=269223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=269223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=269223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}