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How the Nasdaq reacted to import prices, 12 Apr 2024

Import and Export Prices · Friday 12 Apr 2024, 08:30 ET · Bureau of Labor Statistics

In the thirty minutes after import prices on 12 Apr 2024, the Nasdaq 100 swung 0.48% from its high to its low, larger than the typical 0.26% across all 37 import prices releases measured here (the 3rd largest). It ended the half hour down 0.44% from the release price. By the 16:00 ET close it was down 1.13%, on the same side as the first five minutes.

What printed

+0.4%
printed
+0.3%
forecast
▲ 0.1 pp
against the forecast

The headline figure as it read on the day; for price indexes the seasonally adjusted change from the prior month. The gap to the forecast is in percentage points (pp) where both are percentages.

Minute by minute

afterNasdaq 100S&P 500usual distance
1 minute-0.02%-0.01%0.04%
5 minutes-0.03%-0.02%0.05%
15 minutes-0.43%-0.40%0.09%
30 minutes-0.44%-0.43%0.10%
1 hour-0.56%-0.41%0.20%
2 hours-0.64%-0.49%0.32%
Swing, first 30 min0.48%0.45%0.26%

Signed moves from the release price, in percent. Usual distance is the median size of the Nasdaq move at that mark across all 37 import prices releases, without its sign; the swing row compares like with like.

The first hour

The rest of the day

The first five minutes went down 0.03%. At the 16:00 ET close the Nasdaq 100 was down 1.13% from the release price, so by the measure on the import prices page this release was a trend: the close was on the same side of the release price as the 5-minute mark. That compares two moments, not the path between them.

← import prices, 15 Mar 2024 · import prices, 16 May 2024 →
All 37 import prices releases, the averages and the method →

A record of what happened, not a forecast. Measured on Nasdaq 100 and S&P 500 index CFDs, one-minute bars; see the methodology.

Releases: Core Personal Consumption Expenditures (Core PCE) Consumer Price Index (CPI) Durable Goods Orders Fed Rate Decision (FOMC) Gross Domestic Product (GDP) Housing Starts and Building Permits Import and Export Prices Job Openings and Labor Turnover (JOLTS) New Home Sales Nonfarm Payrolls (NFP) Producer Price Index (PPI) Productivity and Unit Labor Costs Retail Sales Trade Balance (International Trade)