Daily Report 13.09.2022
Objavljeno: 13. 09. 2022

Stocks close higher for fourth straight session ahead of key inflation report, Dow rises 200 points; European stocks close higher as global markets await more U.S. inflation data 
Stocks rose on Monday as a weaker dollar and growing confidence that inflation has peaked helped Wall Street’s relief rally continue ahead of key inflation report. 
The Dow Jones Industrial Average gained 231 points, or 0.7%. The S&P 500 rose 1.1%, and the Nasdaq Composite added 1.3%. 
Energy was the top sector, but the rally was broad, with Bristol-Myers Squibb gaining nearly 6% and tech stalwart Apple adding 3.4%. 
The moves extended a rebound for U.S. stocks, as all three major averages snapped a three-week losing streak on Friday. 
Gilead shares rose 3.8% after the company revealed it settled a patent case over its HIV therapies with generic drugmakers. Bristol-Myers Squibb’s stock jumped 5.4% after the U.S. Food and Drug Administration approved the company’s oral treatment for plaque psoriasis known as Sotyktu. 
The pan-European Stoxx 600 provisionally ended up 1.8%, with retail stocks jumping 4.5% to lead gains as all sectors and major bourses closed in positive territory. 
Shares of Swedish outdoor retailer Thule Group fell more than 14% to the bottom of the Stoxx 600 by early afternoon deals, after the company issued a profit warning on Sunday, citing falling demand in the bike retail sector. 
Shares in Berlin-based meal kit company Hellofresh fell more than 2% during morning trading in Frankfurt, as Reuters reported the company was working with the U.S. Department of Agriculture and one of its suppliers following a public health alert. 
Source: CNBC, Investing.com