The table printed. The averages did not wait for Chair Warsh.
Yahoo Finance, 1:13 p.m. ET: Dow Jones 52,648.77, up 584.67, +1.12%. S&P 500 7,670.08, up 78.38, +1.03%. Nasdaq Composite 26,386.64, up 304.91, +1.17%. Thursday’s cash close was Dow 52,064.10. This is Friday’s live session, not a reprint of 4 p.m. and not this morning’s 52,374 futures last.
Brent $104.98, down $2.65, −2.46% from Yahoo’s prior $107.63. WTI $100.07. Last night after the equity bell we had $108.93 / $103.81. 10-year yield 4.949%. Bitcoin about $77,814.
BLS, 8:30 a.m. ET: August CPI +0.4% month, +3.4% year — in line with the Dow Jones consensus, per CNBC. Core — food and energy off — +0.3% month, a tenth hotter than forecast, +2.4% year. Gasoline +3.9%, more than one-third of the monthly all-items gain. Energy +2.1% month, +16.3% year. Shelter +0.3% month, +3.0% year. PPI Thursday was +0.4% / +5.4%. CNBC: CME FedWatch odds of a quarter-point hike next week near 90%, from about 70% heading into the print. Fed funds still 3.50%–3.75%. FOMC Sept. 15–16, Chair Kevin Warsh. Odds are not a vote.
What this means for you
If you hold an index, 1:13 is a bid, not a close. If you needed $109 oil, that was last night. If you needed the Fed, wait until Wednesday. Not investment advice.
Bottom line: Dow 52,649 at 1:13. CPI 0.4 and 3.4. Core a tenth hot. Brent $104.98. Do not confuse noon with the close.
GLHR NEWS explains the news. Not investment, tax, or trading advice. Do your own work before you act.
