10 Stocks Reacting To April PCE: Marvell Technology Leads The Rally
10 Stocks Reacting To April PCE: Marvell Technology Leads The Rally
The U.S. Bureau of Economic Analysis issued data Friday showing the Personal Consumption Expenditure (PCE) price index, the Federal Reserve's favored measure of inflation, rose by 4.4% year over year in April, ahead of the 4.3% expected, and the 4.2% increase seen in March.
The data hints at persistent inflation, increasing the likelihood of more Fed rate hikes and confirming the FOMC's suggestion that borrowing rates may need to stay high for an extended period.
In the wake of this report, traders increased expectations for an interest rate hike in June. The market-implied probability for a 25-basis-point rise jumped to 46% from a previous 42%. A hike by the end of the July meeting is now almost 70% probable.
The economic projections caused traders to push the price of stocks around, here are the top movers.
Marvell Technology Inc (NASDAQ:MRVL) climbed 24.11% to $61.86.
PDD Holdings Inc – ADR (NASDAQ:PDD) rose 13.91% to $68.55.
Gap Inc (NYSE:GPS) gained 12% to trade at $8.32.
Ulta Beauty Inc (NASDAQ:ULTA) fell 11.95% to $426.90.
PagSeguro Digital Ltd (NYSE:PAGS) shares dipped 10.52% to $10.76.
Gol Intelligent Airlines (NYSE:GOL) rose 8.3% to $3.31.
Workday Inc (NASDAQ:WDAY) rose 8% to $212.12.
Coherent Corp (NYSE:COHR) gained 6% to $34.45.
RH (NYSE:RH) fell 6% to $239.05.
HUTCHMED (China) Ltd (NASDAQ:HCM) gained 4% to $12.79.
Read next: Congressional Debt Ceiling Talks Gain Momentum, Critical Deal In Sight 'Because Default Is Unacceptable': Report
The U.S. Bureau of Economic Analysis issued data Friday showing the Personal Consumption Expenditure (PCE) price index, the Federal Reserve's favored measure of inflation, rose by 4.4% year over year in April, ahead of the 4.3% expected, and the 4.2% increase seen in March.
美國經濟分析局週五發佈的數據顯示，美聯儲青睞的通貨膨脹指標個人消費支出（PCE）物價指數在4月份同比上漲4.4％，高於預期的4.3％和3月份的4.2％。
The data hints at persistent inflation, increasing the likelihood of more Fed rate hikes and confirming the FOMC's suggestion that borrowing rates may need to stay high for an extended period.
該數據暗示通貨膨脹將持續存在，增加了美聯儲進一步加息的可能性，並證實了聯邦公開市場委員會的建議，即借貸利率可能需要在很長一段時間內保持高位。
In the wake of this report, traders increased expectations for an interest rate hike in June. The market-implied probability for a 25-basis-point rise jumped to 46% from a previous 42%. A hike by the end of the July meeting is now almost 70% probable.
這份報告發布後，交易員增加了對6月加息的預期。市場隱含的上漲25個基點的概率從之前的42％躍升至46％。現在，在7月會議結束之前加息的可能性接近70％。
The economic projections caused traders to push the price of stocks around, here are the top movers.
經濟預測導致交易者推高了股票價格，以下是漲幅最大的股票。
Marvell Technology Inc (NASDAQ:MRVL) climbed 24.11% to $61.86.
Marvell科技公司 納斯達克股票代碼：MRVL）上漲24.11％，至61.86美元。
PDD Holdings Inc – ADR (NASDAQ:PDD) rose 13.91% to $68.55.
PDD Holdings Inc — ADR 納斯達克股票代碼：PDD）上漲13.91％，至68.55美元。
Gap Inc (NYSE:GPS) gained 12% to trade at $8.32.
Gap Inc 紐約證券交易所代碼：GPS）上漲12％，交易價格爲8.32美元。
Ulta Beauty Inc (NASDAQ:ULTA) fell 11.95% to $426.90.
Ulta Beaut 納斯達克股票代碼：ULTA）下跌11.95％，至426.90美元。
PagSeguro Digital Ltd (NYSE:PAGS) shares dipped 10.52% to $10.76.
PagSeguro 數字有限公司 紐約證券交易所代碼：PAGS）股價下跌10.52％，至10.76美元。
Gol Intelligent Airlines (NYSE:GOL) rose 8.3% to $3.31.
Gol 智能航空 紐約證券交易所代碼：GOL）上漲8.3％，至3.31美元。
Workday Inc (NASDAQ:WDAY) rose 8% to $212.12.
Workday公司 納斯達克股票代碼：WDAY）上漲8％，至212.12美元。
Coherent Corp (NYSE:COHR) gained 6% to $34.45.
連貫公司 紐約證券交易所代碼：COHR）上漲6％，至34.45美元。
RH (NYSE:RH) fell 6% to $239.05.
RH 紐約證券交易所代碼：RH）下跌6％，至239.05美元。
HUTCHMED (China) Ltd (NASDAQ:HCM) gained 4% to $12.79.
和黃醫藥（中國）有限公司 納斯達克股票代碼：HCM）上漲4％，至12.79美元。
Read next: Congressional Debt Ceiling Talks Gain Momentum, Critical Deal In Sight 'Because Default Is Unacceptable': Report
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譯文內容由第三人軟體翻譯。
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