Stocks Surge on Anticipation of Inflation Data: Dow Jones, S&P 500, and Nasdaq Composite Up; Trump Media & Technology Group and Merck see Big Gains

US stocks surge before release of inflation data in today’s world markets

On Wednesday, US stocks experienced a surge in anticipation of upcoming inflation data. The core personal consumption expenditure (PCE) price index for February will provide insights into future interest rate cuts by the Federal Reserve. By 9:40 a.m. Eastern time, the Dow Jones Industrial Average had risen by 307 points (0.8%), the S&P 500 by 0.6%, and the Nasdaq composite by 0.3%. Additionally, shares of Trump Media & Technology Group saw an 18.6% increase, while Merck saw a 4.9% climb following federal approval of its Winrevair treatment.

Robinhood Markets also saw a 3.5% surge after introducing its first credit card. The yield on the 10-year Treasury slightly decreased to 4.22%, and European stock markets mostly showed positive movements as well. However, Asian stock markets reported declines, with Hong Kong’s Hang Seng Index dropping by 1.4%, China’s Shanghai Composite shedding 1.3%, and Japan’s Nikkei 225 rising by 0.9%.

The Japanese yen hit a 34-year low against the US dollar, and Brent crude futures for May dropped by 0.7% to $85.66 a barrel. Gold prices also saw an increase on Wednesday, with spot gold up by

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