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The Zhitong Finance App learned that on Friday, futures for the three major US stock indexes rose sharply, NASDAQ futures rose 0.40%, and most Star Technology stocks rose before the market. Nvidia (NVDA.US) rose more than 2%, Google A (GOOGL.US), Amazon (AMZN.US), Tesla (TSLA.US), and TSM.US (TSM.US) rose more than 1%. According to the news, the US producer price index (PPI) increased 6.5% year on year in October. It is estimated to be 6.6%, compared to the previous value of 6.3%. It rose 0.3% month-on-month, and is estimated at 0.4%. US core PPI increased 5% year on year in October, expected 5%, previous value 5%; October core PPI increased 0.3% month-on-month, expected 0.3%, and the previous value was revised from 0.7% to 0.8%. After the PPI report was released, traders lowered their expectations for the Federal Reserve's tightening policy.
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The Zhitong Finance App learned that on Friday, futures for the three major US stock indexes rose sharply, NASDAQ futures rose 0.40%, and most Star Technology stocks rose before the market. Nvidia (NVDA.US) rose more than 2%, Google A (GOOGL.US), Amazon (AMZN.US), Tesla (TSLA.US), and TSM.US (TSM.US) rose more than 1%. According to the news, the US producer price index (PPI) increased 6.5% year on year in October. It is estimated to be 6.6%, compared to the previous value of 6.3%. It rose 0.3% month-on-month, and is estimated at 0.4%. US core PPI increased 5% year on year in October, expected 5%, previous value 5%; October core PPI increased 0.3% month-on-month, expected 0.3%, and the previous value was revised from 0.7% to 0.8%. After the PPI report was released, traders lowered their expectations for the Federal Reserve's tightening policy.
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