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Dow Jumps 400 Points, Nasdaq Surges 2% Following Inflation Report: Latest BetOnline Financial Odds

Written by:
Aaron Goldstein
Published on:
Aug/10/2022

Consumer prices rose 8.5% in July, and while that may seem like a lot, it was less than expected as the pace of the rise had slowed.  Stocks rose sharply as a result with a jump of 400 points. 

Futures for the Dow Jones Industrial Average jumped 411 points, or 1.3%. S&P 500 futures gained 1.7%, while Nasdaq 100 futures jumped 2.4%.

On a monthly basis, prices were flat as energy prices fell by 4.6% while gasoline dropped dramatically by 7.7%. There was a 1.1% monthly gain in food prices and a 0.5% increase in shelter costs, which includes rent and housing prices.

BetOnline Financials

All betting available here

Dow Jones Price August 31st at Close

Over 32475.5 Points

-115

Under 32475.5 Points

-115

 

Gallon of Gas US National Avg on August 31st

Less than $3.75

+200

$3.75-$3.99

+215

$4.00-$4.24

+300

$4.25-$4.49

+500

$4.50-$4.74

+1250

$4.75-$4.99

+2500

$5 or Higher

+4000

- Aaron Goldstein, Gambling911.com

Business/Financial News

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