Stocks (^DJI,^GSPC, ^IXIC) are in the green in Thursday's afternoon session, shrugging off a Producer Price Index (PPI) report that indicated inflation is continuing to cool. Investors' focus is on the Federal Reserve interest rate decision next week, with current market data suggesting a 25 basis point rate cut.
Additionally, mortgage rates have dropped to 6.2%, according to the latest data from Freddie Mac. This marks the lowest level for mortgage rates since February 2023, signaling some relief for the housing market.
Yahoo Finance trending tickers include Moderna (MRNA), Micron Technology (MU), and Broadcom (AVGO).
Key guests include:
3:05 p.m. ET Amy Kong, Corient Partner
3:35 p.m. ET Emmanuel Rosner, Wolfe Research Managing Director and Senior Analyst
4:10 p.m. ET Steve Sosnick, Interactive Brokers Chief Strategist
4:30 p.m. ET Charlie Miner, Third Bridge Analyst
4:40 p.m. ET Brad Erickson, RBC Capital Markets Internet Analyst