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- CPI at 0.3% MoM, slightly under expected, lead markets higher
CPI at 0.3% MoM, slightly under expected, lead markets higher
Bay Area Times
May 16, 2024
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Top stories today:
- CPI at 0.3% MoM, slightly under expected, leads markets higher
- GameStop -49% from weekly high but still +89%
- Internet use correlated with higher life satisfaction: study
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. CPI at 0.3% MoM, slightly under expected, leads markets higher
CPI: 0.3% MoM / 3.4% YoY in Apr., vs. 0.4% / 3.4% expected, from 0.4% / 3.5% in Mar.
Core CPI: 0.3% / 3.6%, in line with exp., from 0.4% / 3.8%.
S&P 500 +1% to 5,308.15, Bitcoin +6% to $66K, Solana +13% to $164.
2. GameStop -49% from weekly high but still +89% since “Roaring Kitty” returned to X
-19% on Wed, -16% in the pre-market.
Solana memecoin GME followed a similar path.
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