Dow Jumps Over 250 Points; Fed's Key Inflation Gauge Remains Hot

Market Overview - U.S. stocks experienced an upward trend, with the Dow Jones index increasing by over 250 points, closing at 46,213.26, a rise of 0.58% [1] - The NASDAQ rose by 0.31% to 22,455.17, and the S&P 500 gained 0.47% to 6,636.07 [1] - Energy shares saw a notable increase of 1%, while consumer staples stocks fell by 0.3% [1] Inflation and Economic Indicators - The Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, rose by 2.7% year-over-year in August, slightly above July's 2.6% [2][3] - Monthly PCE inflation accelerated to 0.3% in August, up from 0.2% in July [3] - Personal spending in the U.S. increased by 0.6% month-over-month to $21.112 trillion in August, surpassing market estimates [13] - U.S. personal income rose by 0.4% month-over-month to $26.280 trillion in August, also above market expectations [13] Commodity Market - Oil prices increased by 0.7% to $65.44, while gold rose by 0.5% to $3,789.00 [6] - Silver saw a rise of 1.4% to $45.725, whereas copper fell by 0.7% to $4.7240 [6] European Market Performance - European shares showed positive performance, with the eurozone's STOXX 600 gaining 0.8% [7] - Spain's IBEX 35 Index rose by 1.1%, London's FTSE 100 increased by 0.8%, Germany's DAX 40 gained 0.8%, and France's CAC 40 climbed by 0.9% [7] Company-Specific Movements - MEDIROM Healthcare Technologies Inc. shares surged by 155% to $3.74 following the announcement of expansion plans [9] - bioAffinity Technologies, Inc. saw a 92% increase in shares to $6.57 after releasing additional case studies [9] - Datavault AI Inc. shares rose by 50% to $1.2510 after securing a $150 million investment in Bitcoin [9] - Pop Culture Group Co., Ltd shares dropped by 52% to $0.9802 due to a registered direct offering [9] - Kuke Music Holding Limited shares fell by 31% to $0.8111 after acquiring a controlling interest in Naxos Music Group [9] - Lexaria Bioscience Corp. shares decreased by 27% to $1.11 following a registered direct offering announcement [9] Asian Market Performance - Asian markets closed lower, with Japan's Nikkei 225 falling by 0.87%, Hong Kong's Hang Seng declining by 1.35%, China's Shanghai Composite down by 0.65%, and India's BSE Sensex falling by 0.90% [10]