11 May 2023
US Markets Wrap: April's CPI report won't spoil Fed's summer vacation plans, Blue Line Futures' Bill Baruch echoes the Fed Whisperer
The Nasdaq Composite closed higher, as investors fled to tech stocks after a tamer-than-expected inflation report. April consumer prices climbed 4.9% from a year ago, lower than the 5 per cent gain anticipated by economists polled by Dow Jones.
"A little bit of a wild ride today, but a great close," says Bill Baruch, President of Blue Line Futures who shares his analysis on the latest movements in today's US markets, including what's churning in the energy sector and why investors are flocking to tech stocks.
Presenter: Lynlee Foo
Producer: Yeo Kai Ting (ykaiting@sph.com.sg)

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