3 Momentum Anomaly Stocks to Buy as Markets Soar on Cooling Inflation
MGIC Investment (MTG) ZACKS·2024-09-13 21:00
After an initial setback at the beginning of the month, the broader U.S. equity markets witnessed a steady uptrend over the past few days as the technology stocks appeared to regain the lost ground. The stock market rally was further propelled by cooling inflation, with data from the U.S. Consumer Price Index revealing that the 12-month inflation rate declined to 2.5% in August – the lowest level since February 2021. This was followed by another healthy economic data that portrayed that the Producer Price I ...